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Multi-Factor PortfoliosCross-Sectional FactorsRisk Overlays
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Changelog
Dec 17, 2025

Product Update: Unbundling Enhanced Momentum & High-Turnover Spectra

Unbundling Enhanced Momentum and new High-Turnover Spectra, removal of Carry

We have a couple of small updates before the holiday season sets in.

Unbundling of Enhanced Momentum

We're introducing two new factors: Instantaneous Momentum and Polaris (previously components of Enhanced Momentum). There have been small changes made to these two individual factors to make them less correlated. The new factors are available to both Pro & Prime users.

High-turnover version of Spectra Some of the individual factors in the original Spectra portfolio have turnover-control: they're artificially smoothed to reduce transaction costs. This may be suboptimal in certain scenarios, eg. when the weights of Spectra are used in addition to an existing strategy, or where the trader can earn rebates on trading. To serve these use cases better, we've crated a separate, high-turnover version of Spectra and added the ability to observe the backtest with 0 transaction costs. Available to Prime subscribers.

Slight changes to Spectra

The changes affecting Instantaneous Momentum & Polaris (making them less correlated) have propagated to Spectra, resulting in very small differences in historical weights & performance.

Removal of "Carry"

After the deprecation of Carry, it has been removed from the catalog / is no longer updated.

Coming Soon: Accurate, Point-in-time Orderbook Imbalance, Slippage, Open Interest Metrics

Our new low-latency infrastructure (in the making) will allow serving detailed, point-in-time metrics with fully universe coverage. Sign up to receive updates

Status Page

We've integrated externally facing uptime monitoring so you can quickly check whether an issue is on our end. Find the status page status page here.

Keep tuned for further updates!

The Unravel Team

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Jan 6, 2026
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Dec 5, 2025
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