Buyback Spread Engine
View on Hyperliquid Update infoA high-conviction, market-neutral strategy exploiting valuation gaps in DeFi’s most active buyback tokens.
🏆
- #205 on
- #205 on
Share token price
1M return (ann)
▼ 99.8%
Total value locked
$10.5K
peak $20.8K
3M Sharpe
1.0
3M volatility
94.1%
Other metrics
3M Sharpe
1.0
3M volatility
94.1%
Age*
0.9 years
-53.5%
Protocol Technical Risk
Lockup period
1d
Denomination
Returns and fees
| 1M | 3M | 6M | 1Y | Lifetime | |
|---|---|---|---|---|---|
| Gross Gross | -99.8% | 60.8% | 148.3% | 44.4% | 44.4% |
| Performance fee Performance | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Management fee Management | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Deposit fee Deposit | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Withdrawal fee Withdrawal | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Net | -99.8% | 60.8% | 148.3% | 44.4% | 44.4% |
Notes
Profit and loss (PnL) results here differ from the method used on the Hyperliquid website. Instead of raw account PnL, the data is cleaned from deposit/redeem flow and reflects better the actual profitability of the underlying trading activity.
About Hyperliquid
This vault is running on Hyperliquid:
Native perpetual trading vaults on Hyperliquid's HyperCore layer.
Performance metrics
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | --- | --- | --- | --- | --- | --- |
| Ranking on Hyperliquid | #156 | #205 | #52 | #22 | #35 | #43 |
| Ranking on Hyperliquid | #156 | #205 | #52 | #22 | #35 | #43 |
| CAGR (net) | -96.0% | -99.8% | 60.8% | 148.3% | 44.4% | 44.4% |
| CAGR (gross) | -96.0% | -99.8% | 60.8% | 148.3% | 44.4% | 44.4% |
| Returns (net) | -6.0% | -39.6% | 13.0% | 58.5% | 40.6% | 40.6% |
| Returns (gross) | -6.0% | -39.6% | 13.0% | 58.5% | 40.6% | 40.6% |
| Sharpe ratio | -5.64 | -4.99 | 1.01 | 2.05 | 1.39 | 1.39 |
| Max drawdown | -6.7% | -42.2% | -47.9% | -47.9% | -53.5% | -53.5% |
| Volatility | 54.7% | 109.7% | 94.1% | 108.6% | 174.5% | 174.5% |
| TVL low | $10.50K | $10.50K | $125.53 | $82.65 | $80.35 | $80.35 |
| TVL high | $11.15K | $18.43K | $20.79K | $20.79K | $20.79K | $20.79K |
| Share price start (USDC) | 1.4960 | 2.32691 | 1.24455 | 0.887238 | 1.0000 | 1.0000 |
| Share price end (USDC) | 1.40631 | 1.40631 | 1.40631 | 1.40631 | 1.40631 | 1.40631 |
| Period data availability | 8 days | 31 days | 95 days | 186 days | 340 days | 340 days |
| Period start | 2026-07-11 | 2026-06-18 | 2026-04-19 | 2026-01-19 | 2025-08-13 | 2025-08-13 |
| Period end | 2026-07-18 | 2026-07-18 | 2026-07-18 | 2026-07-18 | 2026-07-18 | 2026-07-18 |
Technical Details
| Vault name | Buyback Spread Engine |
| Vault address | 0xce71894b42f5c31a6ae6ca4fb77441c68ab15086 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | Buyback Sp |
| Protocol | Hyperliquid |
| Homepage | View vault on protocol website |
| Current TVL | 10,495.391 USDC |
| Peak TVL | 20,789.874 USDC |
| Last share price | 1.406 USDC |
| Last updated | |
| Last updated block | 0 |
| Data refreshed at | |
| Data starts | 2025-08-13 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | hypercore_native |
| Flags | perp_dex_trading_vault |
| Deposit status | Open |
| Redemption status | Open |
| Deposit/redemption events | 17 |
Stay ahead with the best new vaults and essential DeFi updates.
Subscribe to Trading Strategy newsletter