Coinbase and MarketVector Index Shifts Weights Between Bitcoin and Gold Based on Volatility
TC
Theo Caldwell
Coinbase · Apr 9, 2026
Source: DojiDoji Data Terminal
Investors seeking to reduce market drawdowns can now use a benchmark that automatically shifts its weight between Bitcoin and Pax Gold. The Coinbase Store of Value Index, launched by MarketVector Indexes and Coinbase Asset Management, uses an inverse volatility model to determine asset allocation. The lower-volatility asset receives the higher allocation in the mix.
This dynamic structure replaces the fixed 50/50 split common in hybrid portfolios. The benchmark is rebalanced quarterly and calculated as a price-return index in US dollars. According to Coinbase executive Anthony Bassili, the tool responds to a climate of "fiscal dominance" where assets independent of governments gain institutional prominence.
MarketVector research covering 2017 through 2025 indicates that this approach has delivered stronger risk-adjusted returns than static Bitcoin-gold allocations and several widely followed benchmarks. The strategy also produced materially smaller drawdowns than a simple 50/50 blend.
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