Leveraged Equity ETFs 3
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.
Daily-rebalanced leveraged exposure to the NASDAQ-100. TQQQ runs 3x long, SQQQ runs 3x short, PSQ runs 1x short. The basket holds both directions on purpose, because the use case is tactical: hold the leg that matches your view, ignore the other. Constant rebalancing creates drag that punishes buy-and-hold. Treat as a trading instrument, not an investment.
- Equities family · Aggressive risk tier
- Rule-based, divisor-method NAV
No committee note is published for this basket yet, so the catalogue description above stands in until one is written.
3 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 | |
|---|---|---|---|
| 01TQQQon | 40% | ||
| 02PSQon | 30% | ||
| 03SQQQon | 30% | ||
| 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.
- TQQQon40%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
- PSQon30%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
- SQQQon30%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. OLEV3 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 | −11.8% | −0.21 | −0.65 |
| 1 year | +2.8% | 0.24 | +1.02 |
| 6 months | +6.8% | 0.85 | −0.67 |
| 3 months | −5.3% | −3.49 | −4.68 |
| 1 month | +1.3% | 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.
Highly volatile. Expect 50% or deeper drawdowns. Position size proportional to conviction; this is a tactical sleeve, not a buy-and-hold position.
- Single-name concentrationHigh
TQQQon carries 40% of the basket. A drawdown in this single name materially moves NAV.
- Short price historyHigh
TQQQon, SQQQon, PSQon 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.
- Pre-live statusLow
Preview index. NAV is computed but the basket isn't yet open for live allocation.
| Scenario | Loss on net asset value |
|---|---|
| TQQQon loses half its valueLargest holding, 40.0% of the basket | −20.0%Mechanical |
| The three largest holdings fall 30%TQQQon, PSQon, SQQQon · 100.0% of the basket together | −30.0%Mechanical |
| The deepest simulated fall repeatsRecorded once in the window, 1137 days to recover | −26.4%Recorded |
| A bad month, one in twenty95% historical value at risk over 30 days | −4.9%Measured |
The mechanical rows hold every other holding still, which is the optimistic case. This basket measured −0.10 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.