Disclaimer: The analyst who wrote this article owns shares in Strategy. Bitcoin’s risk-adjusted performance continues to stand out, with a Sharpe ratio of 2.15, the highest among major assets. This means that, relative to its volatility, bitcoin has delivered exceptional returns over the historical period.

Strategy (MSTR), which maintains significant bitcoin exposure through corporate holdings, follows closely with a Sharpe ratio of 2.00, reflecting similarly strong performance.

A Sharpe ratio of 2 means an asset has delivered twice the excess return over the risk-free rate for every unit of volatility taken, which is considered excellent in risk-adjusted performance terms.

For context, several large-cap tech names are clustered around a Sharpe ratio of 1.0.

The data is current as of A

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