[ecesena]

Mmm... I'm not sure I'm reading this correctly, but it seems that these portfolios only win against BTC. So if you just invested in ETH, you'd have done much better.

I guess what I'm saying is that you're not reducing risk by keeping the same expected return (well, unless you arbitrarily claim that all cryptocurrencies have the same expected return, for which there's no data evidence). You're just averaging your returns.