Top Tiers Reveal Investor Divergence

According to Jurrien Timmer, director of global macro at Fidelity, equities with Bitcoin exposure and gold mining stocks are emerging as the year’s top-performing assets. Both sectors have posted gains exceeding 150%, distinguishing themselves as high-growth risk assets.

Timmer also noted that physical gold and meme stocks are in contention for the next-best performance tier. The strong returns from these fundamentally different assets suggest market dispersion, where investors with varying risk appetites are finding success. Other notable performers include artificial intelligence (AI) stocks and European banks, which have both seen year-to-date increases of over 50%.

Bitcoin Lags Behind Related Equities

In contrast to the strong performance of Bitcoin-related companies, the cryptocurrency itself has seen more modest gains. Timmer pointed out that Bitcoin’s price is up approximately 20% this year, placing it in a similar performance bracket as utilities—a sector known for stable, income-generating stocks with low volatility.