How much risk does 5% bitcoin add?

Five percent of the money, in a portfolio that is otherwise a plain 60/40. The question is what share of the risk that buys.

3 holdings. BTC-USD is 5% of the money and 14% of the risk.

Where the risk sits

Holding	Money	Risk	Ratio
VOO	57%	81%	1.42
BTC-USD	5%	14%	2.77
BND	38%	5%	0.14

The reading, in full

PORTFOLIO: 60/40 plus 5% bitcoin
2014-09-17 to 2026-09-24 · 3,023 trading days · USD

3 holdings.
72% is one shared direction, led by VOO, BTC-USD, BND.

BTC-USD: 5% of the money, 14% of the risk.
Volatility 12% · worst fall on record 23%.
Risk 12% → 9% over the last year, mostly because the holdings themselves got quieter.

Descriptive. No forecast, no advice. Every figure above is measured over the window named at the top.
folionomiq.com

What this does not say

Describes how many independent directions the risk occupies. It is not a forecast of loss and does not predict a drawdown.
This is commonality, not a fault. A diversified equity book is MORE driven by one shared direction than a single stock is, because diversifying is what removes the idiosyncratic part.
Past window only. Says nothing about the next one.
Noisier than it looks: on sixteen years of a 60/40 book the 90% interval around this figure is about a Sharpe of 0.5 to 1.4. Read it as a band, not a score.
The worst fall *in this window*. A longer window would very likely contain a worse one.
Loading signs are fixed so the largest is positive; a negative loading means that holding moves against the others.
The ratio is the finding. A weight alone cannot say whether a position is large, because that depends on everything else held.
Today's weights are held fixed across both stretches. This is what the MARKET did to the book you hold now — not a history of the book, which this app does not store. Reading it as 'my trades caused this' would be exactly backwards.
The window ends at the youngest holding: one recently listed position shortens the history for all of them.

Your own portfolio

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Other examples

Is a 60/40 portfolio actually diversified?Do VOO and QQQ overlap?How much NVDA do I already own?Do I need an S&P 500 fund if I already hold VWCE?Is a dividend portfolio diversified?

Measured 2014-09-17 to 2026-09-24 over 3,023 trading days, in USD, from yahoo prices. Descriptive: this page reports what these holdings have done and how their risk is built. It does not forecast returns or losses and it is not advice. How every figure is measured, window by window, with the limit of each printed beside it. If a figure here looks wrong, say so: [email protected]. Terms and privacy: /terms.