Analyze Your Kraken Portfolio with Professional Risk Metrics
Upload your Kraken Ledger CSV and get Sharpe, Sortino, max drawdown, BTC-beta, VaR, and 70+ institutional-grade metrics. Staking rewards, Earn payouts, and futures P&L all parsed automatically. No signup.
How do I analyze my Kraken portfolio?
Export your ledger CSV from Kraken (History → Export → Ledgers → CSV) and upload to Foliolytic. The tracker computes Sharpe, Sortino, max drawdown, BTC-beta, alpha, and 70+ quantitative metrics — the same analytics professional crypto desks use. Free, no signup, no exchange API keys.
History → Export → Ledgers → CSV · then uploadUse the Ledger Export, Not Trades
Kraken offers two export types. Choose the right one and everything downstream is easier.
| Export | Includes | Good For |
|---|---|---|
| Ledger | Every trade + staking + Earn rewards + deposits + withdrawals + fees, with USD equivalent at timestamp | Full portfolio analysis — this is what Foliolytic wants |
| Trades | Executed orders only (buys and sells), no rewards or transfers | Tax reporting for trading-only accounts with no rewards |
Always use Ledger. It's Kraken's most complete transaction log and the only one that captures staking rewards, Kraken Earn payouts, and crypto transfers — all of which meaningfully affect your risk-adjusted returns.
How to Export Your Ledger
Log into Kraken web
The ledger export is only available on the web interface, not the mobile app. Visit kraken.com and sign in.
Go to History → Export
Click History in the top menu, then Export in the top right corner.
Select Ledger, set date range to All
Choose Ledger from the dropdown (not Trades). Set the date range to All for a complete history, or a specific range if you only want to analyze part of your activity. Click Submit.
Download and upload to Foliolytic
Kraken generates the CSV within seconds. Download it, then drag it onto the upload area at foliolytic.com. Format auto-detected. Analytics in seconds.
Metrics You'll Get from Your Kraken Activity
Kraken shows you balance and realized P&L. Foliolytic gives you the full risk profile:
- Money-weighted return: XIRR accounting for every deposit, withdrawal, and staking reward.
- Risk-adjusted: Sharpe, Sortino, Treynor, Information Ratio — computed against real Treasury yields.
- Drawdown: maximum drawdown, drawdown duration, and recovery-time analysis.
- Market sensitivity: beta and alpha vs BTC, vs ETH, vs the Bitwise Crypto Index.
- Tail risk: VaR at 95% and 99%, CVaR (expected shortfall), skewness, kurtosis.
- Income breakdown: total staking rewards, Earn yield, and the per-coin contribution of rewards to your return.
Does Crypto Actually Diversify a Stock Portfolio?
Partially — and at a brutal price. Bitcoin's five-year daily correlation to the S&P 500 is 0.38, low enough to diversify on paper. But the diversifier itself lost 76.6% peak-to-trough inside that same window. Gold offers lower correlation (0.13) with a third of the drawdown:
| Asset | 5Y Correlation vs SPY | 5Y Beta | 3Y Sharpe | 5Y Max Drawdown |
|---|---|---|---|---|
| BTC (Bitcoin) | 0.38 | 1.07 | 0.71 | −76.6% |
| ETH (Ethereum) | 0.41 | 1.52 | 0.28 | −79.4% |
| SOL (Solana) | 0.35 | 1.77 | 0.83 | −96.3% |
| XRP | 0.29 | 1.30 | 0.51 | −77.8% |
| GLD (gold, reference) | 0.13 | 0.14 | 1.07 | −26.0% |
| SPY (S&P 500) | 1.00 | 1.00 | 0.99 | −24.5% |
Computed by Foliolytic from daily prices in its own price database, windows ending July 22, 2026. Crypto annualized over 365 calendar days; equity references use exchange trading days with dividends reinvested. Sharpe ratios use the 13-week U.S. Treasury bill, matched to each day. See methodology. Figures refresh when this page is next updated.
Read the correlation and beta columns together. Crypto betas of 1.1–1.8 with correlations under 0.45 describe assets that make large moves only loosely tied to stocks — amplification without dependable hedging. In the 2022 rate shock, Bitcoin's worst five-year day (−16.0%, June 13, 2022) landed in the middle of the S&P 500's own bear market. A portfolio tracker that computes your blended correlation, beta, and drawdown across both asset classes shows what your crypto allocation is actually doing to your total risk.
Run Your Kraken Portfolio Through a Risk Lens
Export the Ledger, drag it in, get 70+ metrics. No signup, no API keys, nothing stored.
Open the AnalyzerFrequently Asked Questions
Which Kraken export should I use — Trades or Ledger?
Always use the Ledger export, not Trades. The Ledger export is Kraken's most complete transaction history: it includes buy/sell fills, staking rewards, Kraken Earn payouts, crypto deposits and withdrawals, and fiat transfers — all with the exact USD equivalent at the timestamp of each event. The Trades export only shows executed orders without rewards or transfers.
How do I export my Kraken Ledger?
Log into Kraken web (not the app). Click History in the top menu, then Export in the top right. Select Ledger, set the date range to All time, and click Submit. Kraken generates the CSV within seconds. Download the file when ready.
Does Foliolytic correctly handle Kraken trading pairs like BTC/EUR or ETH/USDT?
Yes. Kraken lets you trade against USD, EUR, GBP, USDT, and other base currencies. Foliolytic resolves every trade to USD using the exchange rate at the exact timestamp of each fill, pulling daily FX rates and crypto prices from its own database. Your P&L, XIRR, and risk metrics are all computed in a single USD view regardless of the trading pair used.
Are Kraken staking and Earn rewards included?
Yes. Kraken's Ledger export includes every staking reward, flexible Earn payout, and bonded Earn reward as a separate ledger entry with the received quantity and USD equivalent. Foliolytic parses these as income inflows with zero cost basis and incorporates them into XIRR, total return, and the income breakdown view.
Does Foliolytic work with Kraken Futures?
Yes. Kraken Futures maintains a separate export (available in the Futures web interface under Reports). The realized P&L CSV can be uploaded alongside your spot Ledger export and Foliolytic merges them into a unified portfolio. Unrealized futures positions are marked to current price when you upload.
Does Bitcoin hedge stock-market crashes?
No — it diversifies, but it does not hedge. Bitcoin's five-year daily correlation to the S&P 500 is 0.38, so it moves independently much of the time. In stress, though, it has fallen alongside stocks: its worst five-year day (−16.0% on June 13, 2022) came during the same rate shock as the S&P 500's 2022 bear market, and its five-year maximum drawdown is −76.6% versus −24.5% for SPY. Gold's 0.13 correlation with a −26.0% drawdown is closer to a true diversifier. Computed from Foliolytic's price database, windows ending July 22, 2026.