Meme Legacy 4
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.
Four original meme tokens that survived multiple cycles: DOGE, SHIB, PEPE and FLOKI. Weighted toward DOGE at 40% because it has the longest survival record. A heritage allocation rather than a forward thesis.
- ThematicBeta family · Aggressive 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.
4 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 | |
|---|---|---|---|
| 01DOGE | 40% | ||
| 02SHIB | 30% | ||
| 03PEPE | 20% | ||
| 04FLOKI | 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.
- DOGE40%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
- SHIB30%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
- PEPE20%Growth
Research note pending for this holding. Its weight and its role in the mandate are published above.
- FLOKI10%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. OML4 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 | +24.6% | 0.10 | −0.87 |
| 1 year | −61.6% | −0.93 | −0.10 |
| 6 months | −32.1% | −0.89 | −0.21 |
| 3 months | +2.5% | 0.24 | −3.17 |
| 1 month | −2.9% | 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
DOGE carries 40% of the basket. A drawdown in this single name materially moves NAV.
- High-beta sleeveHigh
Meme/momentum subcategory. Expect 50%+ drawdowns. Tactical sleeve sizing only.
- Elevated volatilityMedium
Backtest annualised vol 75%. See the backtest panel above for the full risk numbers.
- Deep historical drawdownHigh
Max drawdown reached −84% in the backtest window. Size accordingly.
- Pre-live statusLow
Preview index. NAV is computed but the basket isn't yet open for live allocation.
| Scenario | Loss on net asset value |
|---|---|
| DOGE loses half its valueLargest holding, 40.0% of the basket | −20.0%Mechanical |
| The three largest holdings fall 30%DOGE, SHIB, PEPE · 90.0% of the basket together | −27.0%Mechanical |
| The deepest simulated fall repeatsRecorded once in the window, 455 days to recover | −83.5%Recorded |
| A bad month, one in twenty95% historical value at risk over 30 days | −30.0%Measured |
The mechanical rows hold every other holding still, which is the optimistic case. This basket measured 0.76 correlation to bitcoin over its window, so its holdings tend to fall together rather than one at a time. Read the figures as a floor on the damage, never a ceiling.
The research behind the construction
This strategy has been shelved
Consolidated into OMM6. OML4 carried four of the same six constituents already in the meme-majors basket and added no incremental cycle-survival signal that OMM6 did not already encode through its market-cap cap. Maintaining both confused the thematic shelf.
Retired 2026-05-24