OLEV3 · EquitiesT3Under studyKYCS -0.17
Leveraged Equity ETFs 3
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.
Launch NAV
51.00USD
Static reference NAV from the methodology rulebook. Live NAV, order book and depth are available on the trade view.
Family
Equities
Risk profile
Aggressive
Weighting
Equal weight
Constituents
3
Backtest summary
1826d window
Sharpe
-0.17
Max drawdown
−26.4%
Annualised vol
+11.0%
Beta vs BTC
-0.03
Total return
−8.9%
BTC reference · Sharpe 0.33, MaxDD -76.6%
OCBE100 reference · Sharpe 0.34, MaxDD -61.1%
95% VaR
1-week−2%
1-month−5%
Max expected loss, 95% confidence, historical.
Performance across timeframes
WindowReturnSharpevs BTCAll (2y)−8.9%-0.17-0.521 year+8.7%1.57+2.406 months+8.4%2.41+3.093 months+10.4%5.18+1.45
BTC reference · all 0.33 · 1y -0.83 · 6m -0.68 · 3m 3.41 · 1m -0.21
Constituents
3 assets
Weights · sorted high to low
| Symbol | Weight |
|---|---|
| TQQQon | 40% |
| SQQQon | 30% |
| PSQon | 30% |
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. OLEV3 stays on the catalogue with a live NAV reading.