Correlation matrix
| BTC | XRP | LTC | DJIA | VIX | Real Estate | |
|---|---|---|---|---|---|---|
| XRP | 0.31 | |||||
| LTC | 0.67 | 0.34 | ||||
| DJIA | 0.05 | 0.02 | 0.03 | |||
| VIX | −0.05 | −0.01 | −0.03 | −0.77 | ||
| Real Estate | 0.03 | 0.02 | 0.02 | 0.55 | −0.46 | |
| Bonds | −0.01 | 0.04 | −0.01 | −0.31 | 0.25 | 0.13 |
| BTC | XRP | LTC | DJIA | VIX | Real Estate | |
|---|---|---|---|---|---|---|
| XRP | 0.31 | |||||
| LTC | 0.67 | 0.34 | ||||
| DJIA | 0.05 | 0.02 | 0.03 | |||
| VIX | −0.05 | −0.01 | −0.03 | −0.77 | ||
| Real Estate | 0.03 | 0.02 | 0.02 | 0.55 | −0.46 | |
| Bonds | −0.01 | 0.04 | −0.01 | −0.31 | 0.25 | 0.13 |
Notes: BTC is Bitcoin, XRP is Ripple, LTC is Litecoin, DJIA is Dow Jones Industrial Average Index, Real Estate is the Vanguard Real Estate Index and Bonds is the Vanguard Total Bond Market Index. The sample period is from August 4, 2013 through January 17, 2019. Daily returns are used for the Pearson correlation values in the table