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The crypto strategies that I’ve seen usually benchmark against BTCUSD.
Is using a single cryptocurrency for benchmarking a good idea though?
S&P has created a few different crypto indexes:
https://www.spglobal.com/spdji/en/index-family/digital-assets/cryptocurrency/#indices
In QuantConnect, is it possible to benchmark against indexes rather than ETFs?
Benchmarking strategies against a crypto index, rather than just BTCUSD, would be nice.
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Derek Melchin
Hi Jacek,
It's possible to set the benchmark to an Index, but the US Cash Indices dataset only includes VIX, SPX, and NDX. If you download the data for the Crypto index you want, you can set the benchmark to the custom data. For an example, see Set Benchmark.
Best,
Derek Melchin
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Jacek Trociński
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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