Asset Class Ratios
Long-cycle wealth comparisons between stocks, bonds, gold, real estate, and crypto.
Asset class ratios answer the question every long-term investor returns to: which store of wealth has actually compounded faster over time? Each chart divides the total return of one asset by another and rebases it to 100, so a rising line means the first asset is pulling ahead and a falling line means it is losing ground.
Because the comparisons use total return — dividends and income reinvested — they are fair across decades, and they tend to move in long regimes rather than quarters. Reading several together shows whether one asset is broadly leading or merely beating a single rival.