Fidelity Investments' Director of Global Macro, Jurrien Timmer, recently shared an updated rendition of the firm’s famous "Periodic Table of Investment Returns."
The performance leaderboard shows high-flying gains seen in certain global equities and awful losses logged by traditional safe havens and alternative assets.
Winners and losers
Emerging markets, small-cap equities, and Japanese markets claimed the top spots on the leaderboard. At the same time, Bitcoin, gold, and long-term bonds languished at the very bottom of the performance matrix.
According to the table's master legend, this orange designation specifically tracks the performance of Bitcoin.
The clustered aggregation of these orange tiles at the foot of the 2026 column illustrates that the leading cryptocurrency experienced an intense period of underperformance compared to almost every other liquid asset class on the grid.
Long-term treasuries, designated by the light green "LT" tiles, and spot gold are pinned right alongside Bitcoin in the lower echelons of the June layout.
This parallel slump creates an unusual market phenomenon: an aggressive, digital risk asset like Bitcoin and a conservative, physical store of value like gold simultaneously occupied the worst-performing tier.
As reported by U.Today, Timmer recently stated that fast money has now abandoned both Bitcoin and gold. Notably, the yellow metal was outperforming in the first part of 2026 and in late 2025, but it has now lost its mojo.
Dan Burgin
U.Today Editorial Team
