Aperiodic · AF-SUPV · FactsheetAs of Jul 24, 2026
AF-SUPV
Supply Velocity
supply_velocityAssets with lower inflation perform better than assets with higher inflation.
CAGR
+19.75%
Ann. vol
15.6%
Sharpe
1.23
How the factor is constructed
Supply Velocity measures changes in token supply dynamics, capturing inflationary and deflationary pressures across crypto assets and reflecting the fundamental relationship between token supply and asset performance. It is inspired by the observation that supply inflation can lead to underperformance as crypto matures into a more fundamental-driven market.
The universe consists of the most liquid and actively traded assets, identified on a rolling basis and survivorship-bias free. Positions are scaled by the inverse of rolling volatility; the factor is available point-in-time with hourly updates.
Signals
On-Chain
Cross-sectional
Construction
Rank-weighted
Long / short
Risk
Vol-targeted
Inverse-vol scaled
Data
Point-in-time
Reproducible
Supply Velocity
Performance & risk by period
| Period | Return | BTC | Ann. vol | Sharpe | Max DD |
|---|---|---|---|---|---|
| 1 month | +3.32% | +5.12% | — | — | -1.9% |
| 3 months | -0.28% | -17.26% | — | — | -7.7% |
| Year to date | +4.37% | -27.77% | — | — | -7.7% |
| 1 year | +31.44% | -45.85% | 13.6% | 2.07 | -7.7% |
| Since inception (CAGR) | +19.75% | +39.55% | 15.6% | 1.23 | -23.4% |