OL2G8 · SectorT2RetiredS -0.89
Layer 2 Growth 8
Eight Ethereum L2 tokens and scaling solutions. Higher beta than the L1 basket because L2 tokens carry both adoption risk and L1 dependency. Designed for thematic conviction in scaling-layer exposure without picking a single chain to win, BTC-correlated by design. Diversification benefit is intra-sector.
Launch NAV
425.50USD
Static reference NAV from the methodology rulebook. Live NAV, order book and depth are available on the trade view.
Family
Sector
Risk profile
Growth
Weighting
Liq weighted
Constituents
7
Backtest summary
708d window
Sharpe
-0.89
Max drawdown
−94.0%
Annualised vol
+80.0%
Beta vs BTC
1.50
Total return
−90.8%
BTC reference · Sharpe 0.33, MaxDD -76.6%
OCBE100 reference · Sharpe 0.34, MaxDD -61.1%
95% VaR
1-week−21%
1-month−39%
Max expected loss, 95% confidence, historical.
Performance across timeframes
WindowReturnSharpevs BTCAll (2y)−90.8%-0.89-1.101 year−75.8%-0.98-0.156 months−57.0%-1.31-0.633 months+5.8%0.47-2.931 month−8.1%-1.14-0.93
BTC reference · all 0.33 · 1y -0.83 · 6m -0.68 · 3m 3.41 · 1m -0.21
Constituents
7 assets
Weights · sorted high to low
| Symbol | Weight |
|---|---|
| ARB | 34% |
| OP | 20% |
| STRK | 14% |
| IMX | 10% |
| ZK | 9% |
| METIS | 7% |
| SKL | 6% |
Further reading
Strategy retired
The L2 token thesis failed. Through 2025 and into 2026 the expected ETH dominance migration to L2 tokens did not materialise. Basket Sharpe collapsed to -1.07 across the full window with no constituent meaningfully outperforming the L1 it scales. We close the basket rather than continue testing a defeated thesis.
Retired 2026-05-24