October 2025

For definitions and explanations of the numbers and charts below, read this article.

Summary

• Asset classes: Top NASDAQ-100 Index +4.28% vs. Bottom Bitcoin USD -7.66% vs. All Country World Index +1.78%
• Countries: Top Korea, Republic of +18.45% vs. Bottom Norway -5.34% vs. All Country World Index +1.78%
• Volatility: Short-Term 17.44 vs. Medium-Term 22.54 vs. 10-Year Average 18.46
• Currencies: Top USD Index +2.58% vs. Bottom JPY Index -3.42%
• US sectors: Top Technology +5.64% vs. Bottom Materials -3.39% vs. S&P-500 Index +1.99%
• Pfolio portfolios: Top ETF - High Volatility +4.72% vs. Bottom Stock - Crypto - High Volatility -1.64% vs. All Country World Index +1.78%

Markets

Asset classes

All major asset classes, except for cryptocurrencies, with positive returns in October 2025; Bitcoin lost a significant 7.66%.

Cumulative return, October 2025

Country equity markets

South Korea topped the country equity markets ranking with an impressive 18.45% return.

Cumulative return, vs. All Country World Index, October 2025

Volatility

Short-term volatility remained low and below the 10-year average of 18.46. Volatility continued to stay in contango, with short-term volatility below medium-term volatility.

S&P-500 Index's implied volatility based on CBOE Volatility Index (VIX)

Currencies

The US Dollar strengthened at the expense of the Euro, the British Pound, and, especially, the Japanese Yen.

Cumulative return, October 2025

US sectors

Four out of 11 US sectors in the green this month, with Technology once again in the number one spot.

Cumulative return, vs. S&P-500 Index, October 2025

Portfolios

Pfolio portfolios

Six out of eight pfolio portfolios outperformed the All Country World Index; only the stock and crypto portfolio in the red.

Cumulative return, vs. All Country World Index, October 2025