eth15

The eth15, an index of cryptos coins listed on Ethereum blockchain, is a rule-based broad market index by market capitalization, that tracks the performance of widely traded liquid cryptocurrencies in the world. The index enables crypto enthusiasts, investors, and investment managers to monitor the performance of cryptocurrencies in the global markets.

Features of Index
  • Industry barometer
  • Simple and easy to replicate
  • Transparent and efficient benchmark
  • Lower cost for investment vehicles
  • Designed for robo-investors
Benefits of eth15
  • A true benchmark of the underlying crypto market with a diversified representation of overall market sentiments
  • Can be accurately replicated for creation of index linked products like index funds, ETFs, structured products etc.

Index Construction

Following is the eligibility criteria for each Cryptocurrency to be included in the index.

Eligibility Criteria

  • Must be listed on Ethereum Blockchain
  • Only cryptocurrencies coins are considered
  • Stable Coins are not eligible

Universe Selection

  • The eligible index constituent should have traded on at least 90% of the trading days during the Review Period
  • The eligible index constituent should be in the top 100 most liquid cryptocurrencies (listed on Ethereum Blockchain) in terms of Trading Value during the preceding month
  • The eligible coin must be listed in one of the top 5 exchanges and at least two of the top ten exchanges in terms of trading volume.
  • The eligible Index constituent should also be in the top 50 in terms of the circulating market capitalization during the preceding month

Index Basket Creation

  • Top 15 cryptocurrencies in terms of circulating market capitalization are eligible to be a part of the Index.
  • The Index Committee decides on the final basket and may consider mid-term review of the Index basket in exceptional situations.

Circulating Market Capitalization

Circulating market capitalization of each cryptocurrency is calculated by multiplying the Price by the Circulating Supply of each Cryptocurrency.

Constituent Numbers

The number of Index constituents shall be 15 Cryptocurrencies.

Constituent Weightings

Index constituent’s weightage shall be determined based on their Market Capitalization.

Index Calculations

Index Value Calculation (Reconstitution and Rebalancing)

The index value is calculated as follows:

Index Value is equal to the sum Total of Circulating Market Capitalization of Index Basket divided with the Index Divisor and then multiplied it with the base value of 10,000.

Index Divisor

On the base date, the divisor is calculated based on the circulating market capitalisation of all the Index Constituents. The Index divisor is normalised during every rebalancing period by multiplying it with a normalization factor. The normalization factor is the ratio of sum total of circulating market capitalization of the new index basket to the sum totalof circulating market capitalization of the old index basket.

Base Value and Base Date

The base value of the Index is set at 10,000 on the base date as 01, July 2022.

Index Rebalancing And Reconstitution

  • Review Period: Quarterly basis. The cut-off date for the review period shall be the fifteenth calendar day of March, June, September, and December.
  • Effective date of the Index Reconstitution: The Index Reconstitution (Inclusion and Exclusion of the index constituents) and Rebalancing (adjustment of the Divisor) shall be implemented on the first Business Day of the calendar months of April, July, October and January.

Announcement for the change in Index Basket

The change in the Index Constituents shall be announced five business days prior to the Reconstitution Date.

Currency

The Index value shall be based on USDT.

Index Precision

The Index value shall be rounded to the nearest two decimal places.

Index Dissemination

The Index shall be publicly available on 3-verse.io, 3.0verse android & iOS app and other platforms.

Index Committee

The Index Committee comprise of domain experts, industry practitioners, and academicians.

Index Dissemination

We will not be publishing the separate index commentary for eth15, like IC15 Daily Report.

eth15 Facts

Base Date 01-07-2022
Base Value 10,000
Currency USDT
Daily Volatility * 2.60%
Constituents 15
Review Frequency Quarterly
* Period January 2023 to December 2023

Historical returns of eth15

  2022 2023
Jan - Mar - 24%
Apr - Jun - -22%
Jul - Sep 18% -10%
Oct - Dec -23% 66%

Return of eth15 vs Other Market Indicators

  2022# 2023
eth15 -10% 44%
NASDAQ 5% 54%
Sensex 15% 19%
Gold 1% 13%
S&P 500 1% 24%
IC15 -9% 129%
# Period July to December 2022

eth15 Correlation with Market Indicators

NASDAQ Sensex Gold S&P 500 IC15
-36% -31% 16% -25% 28%

eth15 Index constituents along with their Symbol & weights

2023

43.59%

  • Q4

    Index
    Value
    • 31-Dec-23
    • 12964.11
    Return

    66.04%

    Token Symbol Weights
    Bitcoin
    Polygon
    		 MATIC 16.87%
    Cardano
    Chainlink
    		 LINK 15.36%
    Ethereum
    Shiba
    Inu     		SHIB 10.94%
    Binance Coin
    Uniswap
    		 UNI 7.90%
    Solana
    UNUS SED LEO
    		 LEO 6.43%
    okb
    okb
    		 OKB 5.81%
    Litecoin
    Toncoin
    		 TON 5.74%
    inj
    Injective
    		 INJ 5.05%
    XRP
    Lido DAO
    		 LDO 4.51%
    XRP
    Cronos
    		 CRO 4.28%
    Terra
    Immutable
    		 IMX 4.13%
    XRP
    Arbitrum
    		 ABR 3.84%
    Bitcoin Cash
    The Graph
    		 GRT 3.54%
    Terra
    Quant
    		 QNT 2.95%
    MKR
    Maker
    		 MKR 2.64%

  • Q3

    Index
    Value
    • 30-Sep-23
    • 7807.76
    Return

    -10.24%

    Token Symbol Weights
    BitcoinPolygon MATIC 15.82%
    CardanoChainlink LINK 14.05%
    EthereumShiba Inu SHIB 13.79%
    SolanaUNUS SED LEO LEO 10.93%
    okbokb OKB 8.21%
    Binance CoinUniswap UNI 8.20%
    XRPLido DAO LDO 4.79%
    MKRMaker MKR 4.78%
    XRPCronos CRO 4.06%
    XRPArbitrum ABR 3.69%
    TerraQuant QNT 3.48%
    Bitcoin CashThe Graph GRT 2.61%
    LitecoinThe Sandbox SAND 2.04%
    injInjective INJ 1.78%
    TerraFantom FTM 1.78%

  • Q2

    Index
    Value
    • 30-Jun-23
    • 8698.67
    Return

    -22.22%

    Token Symbol Weights
    BitcoinPolygon MATIC 18.30%
    EthereumShiba Inu SHIB 13.06%
    SolanaUNUS SED LEO LEO 11.24%
    CardanoChainlink LINK 10.15%
    Binance CoinUniswap UNI 9.36%
    okbokb OKB 8.14%
    XRPLido DAO LDO 5.46%
    XRPArbitrum ABR 4.26%
    XRPCronos CRO 4.21%
    TerraQuant QNT 3.91%
    Bitcoin CashThe Graph GRT 2.77%
    TerraFantom FTM 2.53%
    LitecoinThe Sandbox SAND 2.52%
    Bitcoin CashRocket Pool RPL 2.13%
    Bitcoin CashApeCoin APE 1.97%

  • Q1

    Index
    Value
    • 31-Mar-23
    • 11183.08
    Return

    23.86%

    Token Symbol Weights
    BitcoinPolygon MATIC 24.07%
    EthereumShiba Inu SHIB 15.71%
    CardanoChainlink LINK 9.30%
    Binance CoinUniswap UNI 8.40%
    SolanaUNUS SED LEO LEO 7.75%
    okbokb OKB 5.97%
    XRPLido DAO LDO 4.95%
    XRPCronos CRO 4.20%
    TerraQuant QNT 3.60%
    TerraFantom FTM 3.12%
    Bitcoin CashApeCoin APE 3.04%
    Bitcoin CashThe Graph GRT 3.02%
    AvalancheDecentraland MANA 2.64%
    LitecoinThe Sandbox SAND 2.27%
    AvalancheChiliz CHZ 1.97%

2022

-9.72%
upto 31 DEC

  • Q4

    Index
    Value
    • 31-DEC-22
    • 9028.46
    Return

    -23.33%

    Token Symbol Weights
    BitcoinPolygon MATIC 21.04%
    EthereumShiba Inu SHIB 14.13%
    Binance CoinUniswap UNI 12.68%
    SolanaUNUS SED LEO LEO 12.16%
    CardanoChainlink LINK 9.06%
    okbokb OKB 5.20%
    XRPCronos CRO 4.54%
    TerraQuant AVAX 4.04%
    PolkadotVeChain VET 3.69%
    DogecoinChain XCN 3.31%
    UniswapTheta Network THETA 2.32%
    Internet ComputerHuobi Token HT 2.26%
    AvalancheChiliz CHZ 2.13%
    LitecoinThe Sandbox SAND 1.85%
    ChainlinkMaker MKR 1.59%

  • Q3

    Index
    Value
    • 30-SEP-22
    • 11775.00
    Return

    17.75%

    Token Symbol Weights
    BitcoinPolygon MATIC 21.65%
    EthereumShiba Inu SHIB 14.82%
    Binance CoinUniswap UNI 12.71%
    SolanaUNUS SED LEO LEO 12.67%
    CardanoChainlink LINK 8.71%
    XRPCronos CRO 4.96%
    TerraQuant AVAX 3.93%
    PolkadotVeChain VET 4.00%
    DogecoinChain XCN 3.18%
    AvalancheChiliz CHZ 3.72%
    LitecoinThe Sandbox SAND 2.52%
    UniswapTheta Network THETA 2.60%
    ChainlinkMaker MKR 1.98%
    Bitcoin CashThe Graph GRT 1.21%
    Internet ComputerFantom FTM 1.34%

eth15 Facts

Base Date 01-07-2022
Base Value 10,000
Currency USDT
Daily Volatility* 2.60%
Constituents 15
Review Frequency Quarterly
* Period January 2023 to December 2023

Historical returns of eth15

  2022 2023
Jan - Mar - 24%
Apr - Jun - -22%
Jul - Sep 18% -10%
Oct - Dec -23% 66%

Return of eth15 vs Other Market Indicators

  2022# 2023
eth15 -10% 44%
NASDAQ 5% 54%
Sensex 15% 19%
Gold 1% 13%
S&P 500 1% 24%
IC15 -9% 129%
# Period July to December 2022

eth15 Price Correlation with Market Indicators

NASDAQ Sensex Gold S&P 500 IC15
-36% -31% 16% -25% 28%
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