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

[ncfx]

Will see how it behaves when markets go down...?

 

[IlIlIlIlI]

Close to 20 mln AuM when INDX is going down more than 20 pts

 

[IlIlIlIlI]

 

[CavaliereVerde]

-7% in a month is nothing special.
What bothers me is the absence of investable attributes and the impossibility to plot or backtest with other darwins.
Return of L1Y beats 90% of visible darwins.

 

[CavaliereVerde]

Something is moving, now we have a "Compare to benchmark (spx500)"
👍

 

[IlIlIlIlI]

Something is moving, now we have a "Compare to benchmark (spx500)"
👍

Nobody with a little braion and experience would call the S&P the benchmark for a completely intransparent portfolio of Darwins called INDX which includes high risk positions like oil and gold and maybe worse risky stuff.

This is a complete different risk class and I think Darwinex disqualifies itself with such a BS.
Of course they can compare it, but they shouldn't call it their benchmark for INDX.

While the S&P500 pays dividends nearly daily, Darwinex takes daily fees which are NOT SHOWN in the chart presentation. So they are beaten by the S&P500 in the last trailing month !!

Just for documentation - as it looks like the honeymoon for INDX is over:

SPX (S&P 500 index) today: (remember - the benchmark! 🙂)

• Current: 6,716.09
• Last ATH: 7,002.28 (01/28/2026)
• Drawdown: (6,716.09 − 7,002.28) / 7,002.28 = −4.09%
• Days since ATH: 50 days

INDX investor drawdown - how did they do(uble) it?

 

[IlIlIlIlI]

The "benchmark" nonsense is removed, and you can now also compare INDX to the "Gold Spot USD" market.
That makes much more sense as a lot of the Darwinex traders with high performance results in the past were trading Gold.

 

[IlIlIlIlI]

1.5 points lost, 1 more investor, 134k less AuM:

 

[IlIlIlIlI]

 

[IlIlIlIlI]

Hm ... hedging redefined? Or asymmetrical?

... 3 months performance INDX ...

... and DWHV. The correlation in February is interesting.

 

[IlIlIlIlI]

Against April 10th INDX got 14 more investors, but lost about 1 mln AuM and about 12.5 EUR in price value.

While a market index is usually always built from long positions, traders of INDX could also hold and trade short positions.
The more probable reason could be that there are too many traders in INDX which are sleeping on Gold long positions, but I don't know.

 

[IlIlIlIlI]

... and lost meanwhile also against S&P500 in the last 2 years (without regarding dividends (S&P500) or fees (INDX))

 

[IlIlIlIlI]

 

[IlIlIlIlI]

Nobody with a little brain and experience would call the S&P the benchmark for a completely intransparent portfolio of Darwins called INDX which includes high risk positions like oil and gold and maybe worse risky stuff.

This is a complete different risk class and I think Darwinex disqualifies itself with such a BS.
Of course they can compare it, but they shouldn't call it their benchmark for INDX.

While the S&P500 pays dividends nearly daily, Darwinex takes daily fees which are NOT SHOWN in the chart presentation. So they are beaten by the S&P500 in the last trailing month !!

View attachment 345934

Just for documentation - as it looks like the honeymoon for INDX is over:

View attachment 345933

View attachment 345931

SPX (S&P 500 index) today: (remember - the benchmark! 🙂)

• Current: 6,716.09
• Last ATH: 7,002.28 (01/28/2026)
• Drawdown: (6,716.09 − 7,002.28) / 7,002.28 = −4.09%
• Days since ATH: 50 days

INDX investor drawdown - how did they do(uble) it?

View attachment 345932

3 1/2 months later: