Fintech Rails Index
The networks money actually moves across.
FINRLConviction weightedBalancedRebalanced quarterly6 holdings
Sample data. Price history on this build is generated from a seeded model, not a live feed, so levels and returns are illustrative. Constituents, weights, index maths and fee logic are real.
Performance
Level
92.03
−7.97%
over 6M
Rebased to 100 on Jan 2, 2026
Risk and return
Volatility19.7%Annualised
Max drawdown-31.1%Peak to trough
Return / risk-0.76Excess over 4.2% cash
Blended yield0.66%Weighted dividend
Return over risk is computed against a 4.2% risk-free rate. Below zero means the index has not paid for the volatility it carried in this window.
Composition
6Holdings
- Financials100.0%
ModerateTop weight 24.0% · behaves like 5.3 equal names
Constituents
- VVisa−0.2pt24.0%
- MAMastercard+0.1pt22.0%
- JPMJPMorgan Chase−0.5pt20.0%
- HOODRobinhood Markets+0.7pt16.0%
- COINCoinbase Global−0.1pt10.0%
- PYPLPayPal Holdings+0.1pt8.0%
The rule
Conviction weighted
Weights are set by the index author rather than by a formula. Highest expression of a view, highest concentration risk.
Thesis
Card networks, a money-centre bank, and the two listed venues where retail meets crypto. A direct read on payment volume and retail trading activity — including the operator of the chain this platform settles on.
- Rebalance
- Quarterly
- Inception
- Jan 2, 2026
What an allocation buys
| Ticker | Weight | Price | Units | Value |
|---|---|---|---|---|
| V | 24.0% | $342.90 | 6.9991 | $2,400.00 |
| MA | 22.0% | $568.20 | 3.8719 | $2,200.00 |
| JPM | 20.0% | $298.60 | 6.6979 | $2,000.00 |
| HOOD | 16.0% | $128.40 | 12.4611 | $1,600.00 |
| COIN | 10.0% | $342.70 | 2.9180 | $1,000.00 |
| PYPL | 8.0% | $68.90 | 11.6110 | $800.00 |
Units are fractional by design — stock tokens are ERC-20s with 18 decimals, so weights resolve exactly at any allocation size rather than being rounded to whole shares.