Reports · Methodology 2.1
C100 monthly report: October 2026
Backtested — before index launch. The index went live on Nov 1, 2026; this month applies the same rules to the market data of the time.
- C100
- −14.12%
- Bitcoin
- −7.34%
- Ethereum
- −16.08%
- C100 year to date
- −12.82%
C100 closed the month at 7,655.36 (Nov 1, 2026, 00:00 UTC), −23.4% from its all-time high of 9,996.45 (Nov 20, 2025).
Summary
These figures are a backtest: the index went live on November 1, 2026, and earlier values apply the same rules to the market data of the time.
The C100 fell 14.1% in October 2026, underperforming Bitcoin (−7.3%) by 6.8 pp and outperforming Ethereum (−16.1%) by 2.0 pp.
The equal-weight C100-EW fell 17.6%, so the larger constituents did better than the average constituent.
Every sector detracted from the return: Gaming & Metaverse least (0.00 pp) and Layer 1 most (−8.51 pp).
Among the constituents at month end, Pepe (PEPE) had the largest gain (+16.5%) and Monad (MON) the largest loss (−39.3%).
Year to date the index is down 12.8%; it ended October 23.4% below its all-time high of 9,996.45 (November 20, 2025).
At the rebalance on November 2, 2026, weights were reset to target with one-way turnover of 2.7%. Membership is reviewed quarterly, so no assets were added or removed.
After the review, the ten largest constituents made up 67.4% of the index and Bitcoin and Ethereum together 28.2%; 8 assets' weights were set by a cap rule.
October 2026: C100 vs Bitcoin and Ethereum
Returns
| Index or asset | October | Year to date |
|---|---|---|
| C100 | −14.12% | −12.82% |
| C100 Equal Weight | −17.61% | −13.81% |
| C25 | −13.87% | −12.73% |
| C100 ex-BTC | −15.33% | −13.85% |
| Bitcoin | −7.34% | −11.52% |
| Ethereum | −16.08% | −24.07% |
Best and weakest constituents
| Asset | Return | Contribution |
|---|---|---|
| Pepe PEPE | +16.46% | +0.06 pp |
| Monero XMR | +9.87% | +0.22 pp |
| Celestia TIA | +7.09% | +0.01 pp |
| LayerZero ZRO | +6.43% | +0.01 pp |
| Midnight NIGHT | +3.66% | 0.00 pp |
| Asset | Return | Contribution |
|---|---|---|
| Monad MON | −39.34% | −0.03 pp |
| Sei SEI | −35.23% | −0.04 pp |
| VeChain VET | −33.81% | −0.05 pp |
| Mantle MNT | −32.14% | −0.15 pp |
| Hedera HBAR | −31.46% | −0.30 pp |
Sectors
| Sector | Contribution | Weight start → end |
|---|---|---|
| Layer 1 | −8.51 pp | 59.65% → 60.49% |
| Privacy | −0.68 pp | 8.80% → 9.25% |
| Exchange | −0.79 pp | 7.54% → 8.23% |
| Payments | −1.15 pp | 6.77% → 7.00% |
| DeFi | −1.01 pp | 5.56% → 5.21% |
| Memes | −0.83 pp | 6.03% → 4.70% |
| Layer 2 | −0.37 pp | 1.97% → 1.80% |
| Oracles & Infra | −0.34 pp | 1.58% → 1.42% |
| Other | −0.30 pp | 1.18% → 1.11% |
| AI | −0.14 pp | 0.88% → 0.73% |
| Gaming & Metaverse | 0.00 pp | 0.05% → 0.06% |
Contributions are in percentage points of the C100 return and add up to it.
Rebalance on Nov 2, 2026
One-way turnover 2.75%, 100 constituents. All rebalances
| Asset | Before | After | Cap |
|---|---|---|---|
| Bitcoin BTC | 14.93% | 14.11% | capped |
| Hyperliquid HYPE | 5.15% | 4.50% | capped |
| TRON TRX | 4.94% | 4.50% | capped |
| Ethereum ETH | 13.76% | 14.11% | capped |
| Zcash ZEC | 4.84% | 4.50% | capped |
| BNB BNB | 7.39% | 7.05% | capped |
| XRP XRP | 6.78% | 7.05% | capped |
| Solana SOL | 5.47% | 5.68% | capped |
| Ethena ENA | 0.45% | 0.64% | |
| Cardano ADA | 1.65% | 1.81% | |
| Chainlink LINK | 2.08% | 2.22% | |
| NEAR Protocol NEAR | 1.36% | 1.48% | |
| Stellar XLM | 1.41% | 1.52% | |
| Dogecoin DOGE | 3.10% | 3.02% | |
| Canton CC | 0.92% | 1.00% |
Concentration
- Top 10 weight
- 67.39%
- Bitcoin + Ethereum
- 28.21%
- Weights set by a cap
- 8
- Constituents
- 100
Target weights after the review.