Crypto Fund Research Cryptocurrency Fund Index

With more than 60 constituent funds, the Crypto Fund Research Cryptocurrency Fund Index is the largest and most comprehensive index of crypto fund performance.

CFR Crypto Fund Index

Monthly Crypto Fund Index Returns



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Crypto Fund Index Statistics

Index start date01/01/2017
# of Constituent Funds86
Countries Represented19
2021 Return YTD162.03%
2020 Return155.95%
2019 Return37.66%
2018 Return-31.12%
2017 Return1108.03%
Return Since Inception1817.74%
Best Monthly Return74.38%
Worst Monthly Return-17.62%
# Positive Months40
# Negative Months19
Monthly Standard Deviation17%
Correlation to Bitcoin0.98
Sharpe Ratio (rf rate=.5%)0.52
Sortino Ratio2.24

Get full performance data on each of the CFR Crypto Fund Index constituent funds, as well dozens of other crypto funds in the Crypto Fund Performance Database.

Index Methodology

The CFR Crypto Fund Index is an equal-weighted index. The monthly index values represent the respective mathematical means (average) of the monthly returns of all crypto fund constituents in the index at that time. 

The returns reported in the database, as well as those being included and calculated for the CFR Crypto Fund Index are monthly returns provided by hedge funds on a monthly basis. The returns are measured in terms of the gain/loss of the total portfolio values by performance, net of fees.

Equal weighting also includes funds denominated in different currencies, such as US dollar, euro, British pound, and Japanese yen. The index is purely an average of the performance of the constituent funds in their local currencies. 

The index is not investable. When new funds with historical performance are discovered, and that fit our criteria for inclusion in the index, they will be immediately added. If a fund is closed, or no longer reports monthly performance data, its prior reported performance will continued to be included in the index. 

For fund managers managing more than one crypto fund, we typically only include one fund in the index. This is typically the fund with the longest track record. A minimum track record of three months is required for inclusion. Index funds and other non-discretionary funds are not included.

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