ODEX8 · SectorT2Under studyS -0.44
DEX Leaders 8
Eight decentralized exchanges across Ethereum, Solana and BSC. UNI for spot, CAKE for cross-EVM, JUP for Solana, the rest fill out perpetuals and aggregator coverage. Concentrated allocation to the trading-fee primitive of DeFi, BTC-correlated by design. Designed for thematic conviction on the DEX venue category rather than absolute outperformance. Diversification benefit is intra-sector.
Launch NAV
825.40USD
Static reference NAV from the methodology rulebook. Live NAV, order book and depth are available on the trade view.
Family
Sector
Risk profile
Moderate
Weighting
Liq · 25% cap
Constituents
8
Backtest summary
846d window
Sharpe
-0.44
Max drawdown
−84.9%
Annualised vol
+73.0%
Beta vs BTC
1.36
Total return
−59.3%
BTC reference · Sharpe 0.33, MaxDD -76.6%
OCBE100 reference · Sharpe 0.34, MaxDD -61.1%
95% VaR
1-week−18%
1-month−33%
Max expected loss, 95% confidence, historical.
Performance across timeframes
WindowReturnSharpevs BTCAll (2y)−59.3%-0.44-1.181 year−55.5%-0.81+0.026 months−38.9%-1.12-0.443 months+19.3%2.11-1.291 month+1.6%0.48+0.69
BTC reference · all 0.33 · 1y -0.83 · 6m -0.68 · 3m 3.41 · 1m -0.21
Constituents
8 assets
Weights · sorted high to low
| Symbol | Weight |
|---|---|
| UNI | 22% |
| CAKE | 20% |
| JUP | 16% |
| SUSHI | 10% |
| RAY | 9% |
| DYDX | 8% |
| INCH | 8% |
| GMX | 7% |
Further reading
Strategy under review
We are refining the weighting and rebalance cadence on this index. Trade access opens once the methodology stabilises. In the meantime, our methodology paper covers the current state of the construction. ODEX8 stays on the catalogue with a live NAV reading.