Resolve BACK if, by 2026-08-01 20:00 UTC, the named market data source shows Dia outperforming iwm on percent return over the review window; otherwise resolve FADE.
FADE — other outcome: The published FADE condition is met.
Positions close: Jul 31, 2026, 8:00 PM UTC
No verified current price reference is attached. Do not treat this illustration or headline as live data.
Editorial illustration
Legacy terms: no immutable publication-time snapshot is attached. If stored wording, structured terms or measurement windows conflict, this market requires manual review; a later display change does not rewrite the agreement.
Research quality and completeness vary. Missing evidence is explicitly marked below.
▲ Back case
Incomplete research: a developed BACK case and supporting evidence have not been published. Automated review scores are not independent investment research.
▼ Fade case
Incomplete research: a developed FADE case and supporting evidence have not been published. Automated review scores are not independent investment research.
▼ FADE settlement condition
DIA does not post a higher percent return than IWM over the same window.
⊕ What would void
Void if either DIA or IWM is missing a usable public reference at settlement.
Resolution path
Published
Jul 28, 2026, 1:08 PM UTC
Research verification
No independent research review is recorded.
Scheduled opening
Jul 28, 2026, 1:08 PM UTC
Pools close
Jul 31, 2026, 8:00 PM UTC
Resolution
Aug 1, 2026, 8:04 PM UTC
Stored historical terms & technical evidence
Stored historical wording
Use https://finance.yahoo.com/quote/DIA/history/ as the source of truth. Read the daily close or reference spot price through 2026-08-01 20:00 UTC. Settlement closes at 2026-07-31 20:00 UTC and resolves at 2026-08-01 20:00 UTC. Resolve BACK when DIA posts a higher percent return than IWM between the market-open reference and the resolve reference. Resolve FADE when DIA does not post a higher percent return than IWM…
Stored structured settlement terms
Legacy record: structured terms as stored. No immutable publication-time snapshot is attached; these records alone do not establish the exact terms served.
BACK condition
DIA posts a higher percent return than IWM between the market-open reference and the resolve reference.
FADE condition
DIA does not post a higher percent return than IWM over the same window.
VOID condition
Void if either DIA or IWM is missing a usable public reference at settlement.
Source field / metric
daily close or reference spot price / percent return over the review window
Direction / threshold
outperform / Not specified
Stored window
through 2026-07-31 20:00 UTC · opens 2026-07-28T13:08:35.468Z · closes 2026-07-31T20:00:00.000Z · administrative resolve 2026-08-01T20:00:00.000Z
structured_scanner
relative_performance_v1
Recorded outcome evidence
BACK · recorded 2026-08-01T20:04:46.818Z · Resolution 013a3f0a-5d44-4e57-8728-d80ecf11ba93
Resolver rationale and source record
Operator note: resolved BACK despite zero positions because this thesis remains part of the public record and should settle transparently against its published rule. Source checked: https://finance.yahoo.com/quote/DIA/history/. No payouts were required.
Snapshot captured 2026-08-01T20:04:46.719Z. Historical return probe evaluates BACK: DIA +0.59% vs IWM -0.58%.
primary: Yahoo Finance DIA and IWM closes · used · check time unrecorded Opening reference 521.26 at 2026-07-27T20:00:00.000Z; settlement reference 524.3200073242188 at 2026-07-31.
fallback: IWM comparison source · supporting · check time unrecorded Comparison opening reference 292.91 at 2026-07-27T20:00:00.000Z; settlement reference 291.20001220703125 at 2026-07-31.
Settlement mode: deterministic.
Primary source: Yahoo Finance DIA and IWM closes (https://finance.yahoo.com/quote/DIA/history/).
