Unravel

Quarta Adaptive

Market-Neutral
Survivorship-Bias Free
Multi-Factor
Top 40 Market Cap
Tier 3

Quarta is a market-neutral portfolio that combines four orthogonal factors:

  • Enhanced Momentum
  • Enhanced Carry
  • Retail Flow
  • Open Interest Divergence

The Adaptive overlay reduces the portfolio's gross exposure when the market conditions are adverse. This may results in prolonged periods of very small (<10%) gross exposure.

Its universe consists of the most liquid and actively traded assets, identified on rolling basis - various techniques employed to keep it both stable and relevant, as well as survivorship-bias free.

To balance each asset's risk contribution, positions are scaled according to the inverse of their rolling volatility.

The portfolio is rebalanced daily, at midnight UTC, weights are calculated at 11:55pm UTC.

Benchmark (BTC)Portfolio
1.13
2.70
65.8%
98%
0.00
0.71
1.00
0.02
-76.6%
-21.6%
62.2%
26.6%
0%
54.6%
100%
8.6%
100%
121.9%

Historical Performance

Alpha

Rolling 12 Months

Sharpe Ratio

Rolling 12 Months

Beta

Rolling 12 Months - Benchmark: BTC

Current Weights

8/13/2025, 11:55:00 PM (UTC)
The portfolio is designed to be market-neutral on a volatilty-adjusted basis, therefore it may have net directional exposure on any given day. The weighting mechanism ensures that volatility-weighted directional exposure is negligable on the portfolio level.
TickerNameArrival PriceWeightDate
BTCBitcoin123111.988 USD0.00%2025-08-13T23:55:00.000Z
ETHEthereum4749.429 USD0.00%2025-08-13T23:55:00.000Z
SOLSolana201.47 USD0.00%2025-08-13T23:55:00.000Z
XRPRipple3.284 USD0.00%2025-08-13T23:55:00.000Z
DOGEDogecoin0.246 USD0.00%2025-08-13T23:55:00.000Z
SUISui4.02 USD0.00%2025-08-13T23:55:00.000Z
BNBBinance Coin848.42 USD0.00%2025-08-13T23:55:00.000Z
ADACardano0.914 USD0.00%2025-08-13T23:55:00.000Z
TRUMPTRUMP9.633 USD0.00%2025-08-13T23:55:00.000Z
LTCLitecoin130.804 USD0.00%2025-08-13T23:55:00.000Z
LINKChainlink23.958 USD0.00%2025-08-13T23:55:00.000Z
ONDOONDO1.083 USD0.00%2025-08-13T23:55:00.000Z
AVAXAvalanche25.6 USD0.00%2025-08-13T23:55:00.000Z
DOTPolkadot4.303 USD0.00%2025-08-13T23:55:00.000Z
BCHBitcoin Cash617.003 USD0.00%2025-08-13T23:55:00.000Z
PEPEPEPE0.00001235383051 USD0.00%2025-08-13T23:55:00.000Z
HBARHedera0.267 USD0.00%2025-08-13T23:55:00.000Z
TRXTRON0.362 USD0.00%2025-08-13T23:55:00.000Z
AAVEAave331.598 USD0.00%2025-08-13T23:55:00.000Z
FILFilecoin2.754 USD0.00%2025-08-13T23:55:00.000Z
TAOBittensor393.584 USD0.00%2025-08-13T23:55:00.000Z
WLDWLD1.135 USD0.00%2025-08-13T23:55:00.000Z
NEARNEAR Protocol3.035 USD0.00%2025-08-13T23:55:00.000Z
UNIUniswap12.168 USD0.00%2025-08-13T23:55:00.000Z
APTAptos5.072 USD0.00%2025-08-13T23:55:00.000Z
TONToncoin3.529 USD0.00%2025-08-13T23:55:00.000Z
FETFET0.763 USD0.00%2025-08-13T23:55:00.000Z
ETCEthereum Classic24.402 USD0.00%2025-08-13T23:55:00.000Z
XLMStellar0.454 USD0.00%2025-08-13T23:55:00.000Z
RENDERRENDER4.207 USD0.00%2025-08-13T23:55:00.000Z
SEISEI0.355 USD0.00%2025-08-13T23:55:00.000Z
ATOMATOM4.884 USD0.00%2025-08-13T23:55:00.000Z
VETVeChain0.0266042118 USD0.00%2025-08-13T23:55:00.000Z
POLPolygon0.255 USD0.00%2025-08-13T23:55:00.000Z
SHIBSHIB0.00001398975867 USD0.00%2025-08-13T23:55:00.000Z
ALGOAlgorand0.281 USD0.00%2025-08-13T23:55:00.000Z
PENGUPENGU0.0376822048 USD0.00%2025-08-13T23:55:00.000Z
ICPInternet Computer6.068 USD0.00%2025-08-13T23:55:00.000Z
IPIP5.975 USD0.00%2025-08-13T23:55:00.000Z
BONKBONK0.00002755830444 USD0.00%2025-08-13T23:55:00.000Z
0.00%
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Live Weights

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Constituents

Universe

Top 40 Market Cap

Top 40 Market Capitalization Cryptocurrencies

Net Exposure of Portfolio

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