COVID-19 has swept the global financial market with massive downfalls. In the first quarter of 2020, no financial instrument has recorded positive return other than bonds and gold, those that are considered relatively "low-risk assets" during uncertain times.
Source: FactSet, MSCI, Lipper, HFR, Goldman Sachs Global Investment Research
Even the hedge funds - which are supposed to seek "alpha" out of volatility in most market conditions while minimizing the loss especially in the bear market - ended up nearly losing 10% this year thus far. Meanwhile, if you had seeked "beta" by following S&P 500, you would have lost nearly 20%.
On the other hand, HEYBIT has proven the robustness of its strategy by recording +6.4% return, the second highest in the above chart.
Source: Coinmarketcap, Hedge Fund Research via FT (2020)
Battle of Alpha: HEYBIT vs Hedge Funds
HEYBIT has outperformed all categories in Q1 with +6.4% and underperformed only global macro in March by limiting the downturn by -1.7% during the Coronavirus turmoil. Hedge fund industry as whole recorded -8.6% in March to end the Q1 with nearly 10% loss.
Alpha vs Beta in Crypto: HEYBIT vs hodlers
If you had been a "hodler" of Bitcoin in March, you would have lost 24.4% and 10.1% for Q1.
If you decided to build your own portfolio of crypto assets (for example, Bitcoin, Ethereum, Bitcoin Cash, EOS 25% each) instead of using HEYBIT, you would have lost 30.8% in March and 1.7% in Q1.
Here also, HEYBIT won!
Even the outbreak of Coronavirus could not drag down the robustness of HEYBIT's performance. Start a less mind-boggling crypto investment with the alpha-seeking crypto roboadvisor HEYBIT for free now!
*Disclaimer: Past performance does not guarantee future performance. HEYBIT is an automated trading service that takes on principal risk.