Archimedes Research

Welcome to Archimedes Research, a USA-based proprietary trading cryptocurrency hedge fund. Our team has decades of experience in the cryptocurrency space and has been operating since Q3 2023.

Our return profile is equivalent to having the gains of Bitcoin, with the downside protection of a savings account. Here are some of our stats:

[Q4 2023 - Q2 2024] Archimedes Research Bitcoin S&P 500
Sharpe Ratio +15.5 +4.8 +2.1
Sortino Ratio +43.5 +7.6 +2.8
Losing Days 5 (1.8%) 127 (46.4%) 79 (42.2%)
Max Drawdown -0.21% -8.35% -1.85%
Worst Quarter (Net) +8% yield* -10% -1%
APY 75% 250% 28%

This means we generated 5.7x the risk-adjusted returns of Bitcoin. Moreover, we generated 2.7x the returns of the S&P 500 while undertaking 15.5x less risk!

Our risk-adjusted return numbers are the highest in the industry across any asset class! We invite you to see Our Quarterly Returns for more details on our operations.

* Yield is the profit above any gains (or losses) in cryptocurrency holdings (i.e. comparable to returns from staking crypto or USDC). We are delta-0 because we hedge all our crypto risk and do not hold any net crypto exposure on our balance sheet

Our Quarterly Returns

Q4 2023
 Archimedes Research Bitcoin S&P 500
Net Return 12% yield* 60% 8%
Annual Percentage Yield (APY) 63% yield* 544% 58%
**Sharpe Ratio +12.6 +12.4 +4.2
Sortino Ratio +29.3 +21.9 +6.0
Max Daily Drawdown -0.21% -5.8% -1.4%
Losing Days 2 41 21
Win % Days 98% 55% 67%
Q1 2024
 Archimedes Research Bitcoin S&P 500
Net Return 20% yield* 77% 6%
Annual Percentage Yield (APY) 127% yield* 883% 45%
**Sharpe Ratio +21.5 +14.5 +4.4
Sortino Ratio +Infinity +21.2 +8.3
Max Daily Drawdown -0.05% -8.4% -1.1%
Losing Days 1 38 29
Win % Days 99% 58% 48%
Q2 2024
 Archimedes Research Bitcoin S&P 500
Net Return 8% yield* -10% -1%
Annual Percentage Yield (APY) 45% yield* -33% -7.9%
**Sharpe Ratio +16.7 -0.8 -1.2
Sortino Ratio +1755.4 -1.3 -1.4
Max Daily Drawdown -0.003% -6.1% -1.85%
Losing Days 2 48 29
Win % Days 98% 47% 54%
* Yield is the profit above any gains (or losses) in cryptocurrency holdings (i.e. comparable to returns from staking crypto or USDC). We are delta-0 because we hedge all our crypto risk and do not hold any net crypto exposure on our balance sheet
** Sharpe Ratio is the excess profit above the risk free rate of return per unit of risk (wikipedia definition).
For reference, here are the Sharpe Ratios of some well-known investments:
Bershire Hathaway (2003) = +0.7
Apple (2023) = +1.6
NVIDIA (2023) = +2.6
Renaissance Technologies Medallion Fund (1995-2000) = +2.52
Higher is better (yes, our Sharpe Ratio is that high!)
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How We Do It

We have developed one of the most sophisticated trading systems in the cryptocurrency industry. Using these systems we trade in the market to generate yield on cryptocurrency and stablecoin tokens.

This means our lenders still see all the gains (or losses) from holding cryptocurrencies, while we generate a positive variable yield against them in excess of the return of the underlying assets.

Some of the open-source software our team has developed is being used by one of the largest cryptocurrency projects in the world.

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Partnerships

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Contact Us to Learn More

Please reach out if you are interested in collaborating with us

hello@archimedesresearch.io