Broad Equity ETFs 5
Calibrated launch value from the rulebook. This basket carries no order panel today.
Why this basket exists
What the construction is trying to capture, who it is built for, and how it is meant to be sized inside a wider allocation.
Passive ownership of global equities, tokenized. SPY and IVV both track the S&P 500 from different issuers, giving built-in tracking-variance diversification. QQQ adds NASDAQ-100 concentration. IEMG and EEM both track MSCI Emerging Markets across issuers. The simplest way to express 'I want the equity market' inside an on-chain portfolio.
- Equities family · Conservative risk tier
- Rule-based, divisor-method NAV
No committee note is published for this basket yet. The text above is its catalogue description; the framing beside it is derived from the mandate and the risk tier.
5 holdings, drawn to scale
Each tile's area is its weight in the basket, so the picture and the table below it are the same data read two ways.
| Holding | Share | Weight | |
|---|---|---|---|
| 01SPYon | 32% | ||
| 02QQQon | 28% | ||
| 03IEMGon | 18% | ||
| 04EEMon | 12% | ||
| 05IVVon | 10% | ||
| Total | 100% |
Why each name earned its seat
Research notes per constituent: the case for the asset, the regime that suits it, and the risk the seat carries.
- SPYon32%Core anchor
SPDR S&P 500 ETF Trust is the largest US equity ETF and the canonical broad-market index.
Performs in broad-equity-up regimes. Sensitive to sector concentration in Mag 7 names that drives a non-trivial share of the index.
Mag 7 concentration - QQQon28%Growth
Invesco QQQ Trust tracks the NASDAQ-100 and provides high-growth tech-concentrated exposure.
Performs in tech-up and AI-narrative phases. Higher drawdown than SPY in rate-up or quality-rotation regimes.
tech concentration - IEMGon18%Growth
iShares Core MSCI Emerging Markets ETF tracks the broad emerging-markets index. The EM diversification leg.
Performs in dollar-down and EM-flow-in regimes. Underperforms in flight-to-quality and dollar-strength phases.
China-weight exposuredollar-cycle sensitivity - EEMon12%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
- IVVon10%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
What the numbers say
Simulated on historical constituent prices. A Sharpe is only published once the measured window clears 90 days, and drawdowns keep their sign.
Every figure above is simulated on historical constituent prices for a basket that has not traded. It describes how the rules would have behaved, not how they will behave. OETFB5 is part of a public preview.
Max expected loss over the horizon · 95% confidence · historical distribution. There is a 5% chance the actual loss is larger.
| Window | Return | Sharpe | vs BTC |
|---|---|---|---|
| Full window | +71.6% | 0.78 | +0.43 |
| 1 year | +35.1% | 2.97 | +3.80 |
| 6 months | +14.3% | 2.35 | +3.03 |
| 3 months | +9.4% | Not graded | · |
Returns are simulated over each window. A Sharpe is published only once that window clears 90 days, so the shorter rows read Not graded and carry no comparison with bitcoin. Short windows flatter and punish at random; read the full window first and treat the rest as texture.
What could go wrong
Priced off this basket's own weights rather than off a generic disclaimer, so every figure below can be checked against the table above.
Drawdowns are bounded relative to the broader crypto market. Constituent caps and liquidity filters contain concentration risk. Full risk parameters live in the methodology rulebook.
- Single-name concentrationMedium
SPYon carries 32% of the basket. A drawdown in this single name materially moves NAV.
- Short price historyHigh
SPYon, QQQon, IEMGon and 2 more have under a year of usable history. Backtest metrics carry wider error bars.
- Routing dependenceMedium
Routes through Dinari (stocks) and Backed Finance (ETFs). Settles on the EVM rail. KYC at the OLTA layer, not available in the US today.
| Scenario | Loss on net asset value |
|---|---|
| SPYon loses half its valueLargest holding, 32.0% of the basket | −16.0%Mechanical |
| The three largest holdings fall 30%SPYon, QQQon, IEMGon · 78.0% of the basket together | −23.4%Mechanical |
| The deepest simulated fall repeatsRecorded once in the window, 332 days to recover | −29.8%Recorded |
| A bad month, one in twenty95% historical value at risk over 30 days | −7.3%Measured |
The mechanical rows hold every other holding still, which is the optimistic case. This basket measured 0.38 correlation to bitcoin over its window, which is loose enough that the holdings can move apart. Even so, a shock rarely lands on one name alone. Read the figures as a floor on the damage, never a ceiling.
The research behind the construction
Tokenized equity execution is not open yet
Single stocks route through Dinari and ETF coverage through Backed Finance, settling on the EVM rail once identity checks clear. The execution surface for this family arrives with the next release. Composition, weights and the measured record above are current.