Data Update 3 for 2021: Currencies, Commodities, Collectibles and Cryptos
This article analyzes 2020 market performance across currencies, commodities, collectibles, and cryptocurrencies, classifying investments into four categories (assets, commodities, currencies, collectibles) and examining how each behaves during crises. The author argues that Bitcoin functions primarily as a collectible rather than a currency or commodity, and demonstrates that 2020 correlations across global markets significantly reduced diversification benefits.
Metrics in this report
300%percent
Full year 2020 performance
0.43correlation coefficient
Daily returns throughout 2020
25.80%percent
Full year 2020 performance
0.60correlation coefficient
Daily returns throughout 2020
0.70correlation coefficient
Daily returns throughout 2020
0.89correlation coefficient
Daily returns throughout 2020
469%percent
Full year 2020 performance
0.45correlation coefficient
Daily returns throughout 2020
24.17%percent
Full year 2020 performance
-5.19%percent
crisis period
Gold price change during February 14 - March 23, 2020
46.77%percent
Full year 2020 performance
-29.34%percent
crisis period
Silver price change during February 14 - March 23, 2020