01 — Performance
Combining Bitcoin’s Returns with the Safety of a Savings Account
Archimedes Research is a US-based proprietary trading firm. Since Q4 2023 our delta-neutral strategies have compounded at +43% APY with 98% positive days and a maximum daily drawdown of −0.21%.
- APY
- +43%
- Positive days
- 98%
- Sharpe ratio
- 11.30
- Sortino ratio
- 39.49
- Max daily drawdown
- −0.21%
- Annualized volatility
- 3.29%
Archimedes Yield Strategy · Q4 2023 – Q2 2026
02 — Track record
Track record
Consistent, positive performance through full market cycles — including the Q4 2025 crypto drawdown.
- Archimedes
- Yield return+84.3%
- Net return+439.0%
- Bitcoin
- Yield return0%
- Net return+197.4%
- XLM
- Yield return0%
- Net return+384.9%
- S&P 500
- Yield return0%
- Net return+27.8%
Period returns, Q4 2023 – Q2 2026
Quarterly performance
Footnotes & references
03 — Risk management
Risk management
Sleep Through Market Crashes: Real performance during Q4 2025's crypto winter (Oct 10th crash)
Bitcoin
- Quarter return
- -21.4%
- Worst single day
- -6.98%
- Losing days
- 47
$100,000 became$78,590
Archimedes Yield Strategy
- Quarter return
- +3.1%
- Worst single day
- -0.009%
- Losing days
- 3
$100,000 became$103,100
Q4 2025 (October – December)
| Metric | Archimedes | Bitcoin | Relative scale |
|---|---|---|---|
| Sharpe ratio | 11.30 | 0.9 | |
| Sortino ratio | 39.49 | 1.4 | |
| Max daily drawdown | −0.21% | −14.13% | |
| Annualized volatility | 3.29% | 47.97% |
Full period, Q4 2023 – Q2 2026.
04 — Investment strategy
Investment strategy
Systematic, delta-neutral strategies with institutional-grade risk controls.
We run a multi-strategy book across crypto markets. Proprietary quantitative models identify and capture pricing inefficiencies, and every position is hedged to strict risk parameters — returns come from structure and execution, not directional exposure.
- 01
Arbitrage
Capturing price differences across venues with no directional risk, in all market conditions.
- 02
Market making
Providing liquidity and earning the bid–ask spread with minimal exposure to price moves.
- 03
Statistical arbitrage
Exploiting temporary inefficiencies between related assets with statistical models.
- 04
Risk hedging
All cryptocurrency exposure is hedged to remove market risk while preserving yield.
05 — The firm
The firm
Archimedes Research is a US-based proprietary trading cryptocurrency hedge fund. Our team has decades of experience in crypto markets and we have been actively operating since Q4 2023. Our infrastructure has executed billions of dollars in trading volume.
- US-based
- Trading since Q4 2023
- Billions in executed volume
- Proprietary capital only
06 — Partners
Trusted By Industry Leaders
- USDC infrastructure
- Trading partner
- Exchange partner
- Exchange partner
07 — Contact
Contact
We work with institutional counterparties, exchanges and infrastructure providers. Reach out to start a conversation.