Rolling Correlations
Bitcoin is a risk asset. IT IS CORRELATED to risk assets in periods of stress. DO NOT use it as a risk reducer! It is not an equity market hedge during drawdowns. Use bonds or derivatives for that. That said, it can provide diversification during other periods.
Disclaimers:
This material is presented for general information purposes only, and does not constitute an offer to buy or sell securities. This publication does not constitute general or personal investment advice or take into account the individual financial circumstances or investment objectives, or financial conditions of the individuals who receive it. This does not constitute an offer or solicitation to purchase or sell any securities or Funds, nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.