Year-to-Date Total Return

Year-to-date compares the current composite price with the provider's first recorded price of the calendar year. It exists because readers are used to calendar-year framing from other markets. In a market that trades continuously and has no fiscal reporting cycle, the January 1 anchor carries no economic meaning.

Comment c'est calculé

(price now / price at the start of the calendar year - 1) x 100

Où cela induit en erreur

The start point is an arbitrary calendar boundary in a market with no fiscal year, no reporting season, and no closing auction, so the anchor is a provider snapshot that differs visibly between sources. In January the figure rests on a handful of days and swings violently; in December it is nearly a one-year return, so the same column means different things at different times of year. Comparing year-to-date returns between a digital asset and an equity or fund also compares a continuously traded series with one that was closed on New Year's Day. Staking rewards, airdrops, and fork distributions are excluded.

La comparaison avec les actions, et pourquoi elle ne tient pas

Year-to-date total return for a stock or fund; the equity figure starts from an official prior-year close and includes reinvested dividends, while this starts from a continuously traded snapshot and includes no protocol rewards.

Interpréter une valeur haute ou basse

A positive figure means the price is above where it began the calendar year; a negative one means below. Its stability depends heavily on how much of the year has elapsed.