“One can see from the figures that P2P could replace bonds in terms of its fixed yield”. -  the specialists comment. “But like any investment, P2P lending has certain risks, although it is proving to be effective. To cover the inflation rate, an investor still needs to take risks. As we can see from the results, the combination of P2P with riskier assets looks like a “golden mean” between bonds and deposits in the risk/return ratio.”

When comparing two assets with nearly the same expected return, investing in the asset with the higher Sharpe ratio will be less risky. “P2P lending is a fixed-income instrument, therefore, by the nature of its use it can be compared to deposits or bonds. In the case of assets with non-fixed returns, an aggressive portfolio of P2P and cryptocurrencies, for example, will be more profitable than one of P2P and stocks”. - the specialists add.

With maximum diversification of the portfolio in terms of permissible monthly risk and yield levels, investments in deposits remain the best option. Despite the fact that P2P are proving their efficiency, it will take time for conservative investors to switch from bonds or deposits to this instrument.