Yearly crypto returns 2023 vs 2022

The market went up +127% in 2023 after going down -68% in 2022, as measured by Vinter’s top ten benchmark VNMC10. The MOON index performed best with its +167% increase.

Returns table: MOON to the moon?

Comments

• The yearly return during 2022 was negative for all Vinter indexes.
• The yearly return during 2023 was positive for all Vinter indexes.
• Vinter’s top 10 index, VNMC10, closed the year with a +127%. This benchmark indicates how well the crypto market recovered this year.
• Leading the charts of 2023 returns were MOON, VCFWEB3, STAKE and CFMOM. MOON is #1 with its +167% yearly return. Momentum indexes like VHASHMOM and CFMOM were able to capitalize on the positive momentum of 2023.
• The worst-performing index was BOLD1, up +41%, which is expected since this index aims to reduce volatility by combining Bitcoin with Gold, and the Bitcoin weight is low.
• STAKE benefited from staking returns, as it’s the world’s only multi-asset total return index.

Index strategy descriptions

Sorted by 2023 returns.

1. MOON: Top 10 layer 1 assets weighted by Github, Social, and market data.
2. VCFWB3: Selects as many assets driving WEB 3.0 that can be listed, and weighs them by their Asset Score which is a linear combination of market capitalization, momentum, and social media interest.
3. STAKE: Top 10 of the largest staking protocols by current market capitalization including staking rewards.
4. VHASHMOM: Top 12 by market cap weighted by their momentum score times their risk parity score.
5. HODLX: Top 10 market cap weighted.
6. VNMC10: Vinter Top 10 market cap weighted.
7. PANDO6: Top 6 weighted by the square root of market cap.
8. VTRXBC: Top 10 smart contract platforms, market cap weighted.
9. VNMC5: Vinter Top 5 market cap weighted.
10. GXLC: Top 5 by 90 days average market capitalization, current market cap-weighted with a maximum weight of 40%.
11. SVC200: Top 200 by market capitalization, weighted by market cap.
12. GXMC: Top 2 by 90 days average market capitalization, equally weighted.
13. DDV30: Top 30 market cap weighted.
14. GXMDC: Top 10 by 90 days average market capitalization starting from the asset ranked #3, current market cap-weighted with a maximum weight of 40%.
15. VVTOP10: Top 10 by 30-day average market capitalization, current market cap-weighted with a maximum weight of 40%.
16. VCFMOM: Selects assets from the Top 15 by current market capitalization and weighs them according to a combination of their on-chain activity and the price momentum.
17. VNEQ10: Vinter Top 10 equal weighted.
18. VDAB10: Top 10 capped market cap weighted.
19. HODLV: Top 5 equal weighted.
20. KVQ: Equal-weighted index selecting high-quality assets from an investor perspective among the top 30 by market cap.
21. VNEQ5: Vinter Top 5 equal weighted.
22. HAAM: Selects Bitcoin and Ether when their combined price momentum is positive otherwise allocates everything to American T-bills via the NEOS Enhanced Income Cash Alternative ETF. When BTC and ETH are selected, their weights are dictated by a combination of their MVRV ratio.
23. ALTS: Top 10 excl. the largest two assets, market cap weighted.
24. BOLD1: Bitcoin and gold, equal risk weighted.

For details, read the index methodology.