High correlation between Bitcoin and high yield corporate debt, small caps and growth stocks in 2022

Quick Take

  • 2022 was a tough place to hard in markets last year, looking at this correlation matrix by Fidelity.
  • Red shows positive correlations, and blue shows negative
  • Bitcoin mostly correlated with small caps (0.59), high-yield corporate debt (0.64), and small growth stocks (0.63) in 2022
Asset Returns in 2022: (Source: Fidelity)
Asset Correlations in 2022: (Source: Fidelity)

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