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DWEX is back! A(nother) new Darwinex Index by DarwinexLabs called INDX

6 more blackbox investors for Monday with $ 76k new AuM. They paid the highest price since INDX is public.

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INDX is also available through an institutional wrapper (ISIN CH1403552396) for investments over €100,000.
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So is it a real fund listed in Switzerland? 🤔
Has this 5 years performance been audited and tracked by a third party?
 
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INDX is also available through an institutional wrapper (ISIN CH1403552396) for investments over €100,000.
"
So is it a real fund listed in Switzerland? 🤔
Has this 5 years performance been audited and tracked by a third party?
When I wanted to find out when this ISIN was registered and about the exchange it is listed, I didn't find any information about this ISIN outside of the Darwinex website, but the ISIN is valid.

And there are 3 more net with 33k AuM for the blackbox.
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When I wanted to find out when this ISIN was registered and about the exchange it is listed, I didn't find any information about this ISIN outside of the Darwinex website, but the ISIN is valid.

And there are 3 more net with 33k AuM for the blackbox.
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I don’t understand why you keep saying blackbox? In the YouTube webinar, it explains pretty much everything you’re questioning. Certainly more explanation than there is for any other single Darwin.
 
I don’t understand why you keep saying blackbox? In the YouTube webinar, it explains pretty much everything you’re questioning. Certainly more explanation than there is for any other single Darwin.
It is a blackbox as I understand it because
- you don't see the price you get as they buy on the next day but investors have to order on previous day
- you don't see any of the Darwin's
- you do not even see the asset family (which shows the risk class) of the Darwins they are buying or holding
- you don't see the typical Darwin's key figures like the La attribute
- you don't get a realistic chart anywhere including the fees, it is not available on the backtesting tool

They talk and explain a lot in the video which sounds nice, but IMO it is useless for getting an own opinion about the content of INDX.
I did not watch every minute, but from what I've seen there was no explanation for the DD and the monthly result in February 2025 which was the worst monthly loss in their monthly track record since 5 years.
Same with the max. DD since inception.
 
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It is a blackbox as I understand it because
- you don't see the price you get as they buy on the next day but investors have to order on previous day
- you don't see any of the Darwin's
- you do not even see the asset family (which shows the risk class) of the Darwins they are buying or holding
- you don't see the typical Darwin's key figures like the La attribute

They talk and explain a lot in the video which sounds nice, but IMO it is useless for getting an own opinion about the content of INDX.
I did not watch every minute, but from what I've seen there was no explanation for the DD and the monthly result in February 2025 which was the worst monthly loss in their monthly track record since 5 years.
Same with the max. DD since inception.
Might be worth watching it all then - they did explain the drawdown (over exposure / correlation to NAS100 stocks via the Darwin holdings) and have since made adjustments to how the index is compiled to avoid this in future.

Most of your complaints above also apply to single Darwins, such as asset class, but you seem happy to hold single Darwins?

You can put an order in 1 hour before market close and it executes an hour later - is this really so bad? Buying an index fund such as SP500 (not ETF) is no different.

I’m not an investor in INDX, so have no bias. Just think this thread is starting out overly negative when transparency appears to be very good.
 
You can put an order in 1 hour before market close and it executes an hour later - is this really so bad? Buying an index fund such as SP500 (not ETF) is no different.
You only see the price of the previous close - you can't know what you buy.

The minimum should be to show the asset family so also an investor can see the correlation between US indices (or stocks) and INDX.
As long as indices are rising, most stock Darwins follow this move - trading is not necessary.

As far as I can derive it from the performance chart, the max. DD also happened in the first quarter of 2025.
Why didn't or couldn't they reduce the share in the losing Darwins? They promised an adjustment - we'll see whether that works or not.

Another reason for the negative sentiment here besides their failing past indices, the missing transparency and showing no realistic investor result (including fees) is the demand for a minimum investment of 10k - that is not an acceptable amount for the typical Darwin investor to try it out.
 
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You only see the price of the previous close - you can't know what you buy.

The minimum should be to show the asset family so also an investor can see the correlation between US indices (or stocks) and INDX.
As long as indices are rising, most stock Darwins follow this move - trading is not necessary.

As far as I can derive it from the performance chart, the max. DD also happened in the first quarter of 2025.
Why didn't or couldn't they reduce the share in the losing Darwins? They promised an adjustment - we'll see whether that works or not.

Another reason besides missing transparency and showing a realistic investor result (including fees) is the demand for a minimum investment of 10k - that is not an acceptable amount for the typical Darwin investor to try it out.
I think they did reduce the exposure to losing Darwins. They explain every Darwin in the index gets a 8.5% (or maybe it was 8%) stop loss, so I guess the exposure is reduced as the equities declined in Q1 - which is probably why INDX drawdown was not as severe as NAS100 (c.22%). Will be interesting to watch.
 
INDX dropped more than 1 % yesterday.

5 more blackbox investors and nearly 190k fresh money net for today.

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Days and months are noise, it will be interesting to see the results one year after the publication.
An interesting detail is that the index is managed manually so 7 years of API haven't produced anything useful, just a game for quants.
 
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10 new blackbox investors with 105k fresh AuM net today.

Capacity used is shown now with about 38% which means that they will not take more than 3 mln AuM.

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INDX crashed more than 2 % today into a red monthly result, for the first time since it was published:
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But it got 6 new blackbox investors with 179k fresh AuM net today. They got the best price for INDX - all other new investors since INDX was published paid more.
Capacity used increased to about 44%.

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Another new Darwin of DarwinexLabs is DWHV with a broken 4H chart if you want to see the bar chart. Reason: it didn't trade yet until now.

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It was mentioned in the live event for the INDX presentation - on the video you see it after about 45 minutes.
It is made from an eight years old trading account with more than 9,000 trades.
It got 13 investors with 2.4 mln AuM since 07/07/2025 (the Darwin creation date) without trading in the last 3 months and without any capacity data which can only be calculated if the Darwin - and not only the trading account - has trades.

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Incredible confidence in DarwinexLabs - we'll see what's coming out in future.
The hall of fame didn't make them famous.

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Of course you don't find DWHV on DarwinexZero where usually all 4 digit Darwins are listed - at least until now.
The Darwin's ID is related to the strategy.
 
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Nice but stuff should be publicated before the profit not after it, otherwise it is just farming + luck/survivorship bias.
Darwins provided by DarwinexLabs and visible since the begining are in deep red so skepticism is a must.
Farming is easy for traders and super easy for brokers, they can combine what they want as they want.
 
4 more blackbox investors with about 42k AuM at INDX:

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INDX fell another 0.11 points in the price or 0.04% in the monthly performance:
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