Index trading

Year-to-date total: each address compounds its monthly returns; the index is the weighted average, and each contribution = weight × the address’s cumulative return, so contributions add up to the total. Monthly results interpolate each address’s weekly samples at calendar-month boundaries (UTC): month return = PnL in the month ÷ capital committed (starting equity + time-weighted net deposits, Modified Dietz), floored at −100%, weighted; a month is hidden when qualifying constituents hold under a quarter of the weight; hover shows how many counted. Backtest on current constituents: each address’s window return = PnL in the window ÷ capital committed (starting equity + time-weighted net deposits), from Hyperliquid portfolio samples; index curve = Σ weight × address return, and each contribution = weight × address return, so contributions add up to the index return. An address is excluded from a month when its equity at the start of the month is below that index’s entry floor (the index would not have held it yet). Composition is today’s, so survivorship bias applies. No execution account is connected; this is not live performance.