ALPHA and BETA outperformed BTC in the past 3 months with higher return and lower risk

Period: July-05–2022 to October-11–2022
  • From Inception (July 5, 2022) till Oct 11–2022, Alpha and Beta have achieved a return of around 7.36% and 9.64% respectively. As a point of comparison, we note that the Bitcoin (BTC) return for the same time period is around -5.4%.
  • The key aspect to highlight is that Alpha and Beta have outperformed BTC by around 12% to 15% while their risk has been lower. Risk, as measured by volatility or the standard deviation of returns, has been around 51.47%, 55.73% and 57.49% for Alpha, Beta and BTC respectively. Keeping with the usual convention, the volatility figures have been annualized.
  • The maximum drawdown, or the lowest price minus the highest price divided by the highest price, over the same time period is -20.51%, -21.68% and -24.06% for Alpha, Beta and BTC respectively. This indicates that the troughs and peaks of Alpha and Beta prices are closer than the corresponding high and low prices of BTC.
  • In Alpha the best P&L contributors since inception have been: CAKE (+39.75%), ETH (+19.21%) and BNB (+13,8%).
  • In Beta the best P&L contributors since inception have been: ATOM (+54,8%), SUSHI (+25,9%), XRP (+43,7%) and QNT (+27,9%).
  • Given the prevailing sideways trend in crypto prices, and the rising interest rate environment surrounding the US dollar to combat high inflation numbers, we are holding upwards of 20% of our fund value in cash or cash equivalents.
  • After the latest round of inflation numbers are released this week in the US, we will add new vault positions to Alpha and additional tokens to Beta.

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