Comment
Author: Admin | 2025-04-28
Periods of significant drawdownsCaption: Table: Bitcoin performance compared with other select major asset classes2014201520162017201820192020202120222023Cumulative returnAnnualized returnSPX15%BTC36%BTC120%BTC1,375%AGG0.3%BTC95%BTC305%BTC60%CMT20%BTC157%BTC5,591%BTC50%AGG5%SPX–1%HY17%EM35%HY2%SPX31%Gold24%SPX31%Gold1%SPX27%SPX215%SPX12%HY2%AGG0.4%EM15%SPX21%Gold–3%EM21%SPX17%CMT30%HY–11%HY12%Gold58%Gold5%EM1%HY–4%CMT14%Gold12%SPX–5%Gold18%EM14%HY5%AGG–12%Gold12%HY53%HY4%Gold–3%Gold–11%SPX14%HY7%CMT–9%HY14%AGG7%EM–0.4%EM–18%EM9%EM39%EM3%CMT–18%EM–14%Gold7%CMT6%EM–15%CMT10%HY7%AGG–1%SPX–19%AGG5%AGG19%AGG2%BTC–58%CMT–25%AGG2%AGG3%BTC–74%AGG8%CMT–3%Gold–6%BTC–64%CMT–2%CMT10%CMT1%Source: Bloomberg and BIackRock calculations, as of Apr. 30, 2024. Asset classes shown include major liquid asset classes available to US. investors. Bitcoin returns calculated using Bloomberg Bitcoin Spot Price. SPX is represented by the S&P 500 Index (TR). EM is represented by the Dow Jones Emerging Markets Index (TR). AGG is represented by S&P U.S. Aggregate Bond Index (TR). HY is represented by S&P U.S. High Yield Corporate Bond Index (TR). Gold returns calculated using the spot exchange rate of gold against the U.S. dollar index CMT is represented by Dow Jones Commodity Index (TR).Past performance does not guarantee future results. Index performance is for illustrative purposes only. Index performance does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BIackRock Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. Index performance does not represent actual Fund performance. For actual fund performance, please visit www.ishares.com or www.blackrock.com.Bitcoin’s volatility — meaning its tendency to have big swings both up and down — as well as its frequent and prolonged drawdowns, present risks and challenges to many investors. Since 2014, bitcoin has experienced four drawdowns in excess of 50%. While one of these
Add Comment