Resolve BACK if, by 2026-09-12 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: Sep 11, 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
Sep 9, 2026, 1:20 PM UTC
Research verification
No independent research review is recorded.
Scheduled opening
Sep 9, 2026, 1:20 PM UTC
Pools close
Sep 11, 2026, 8:00 PM UTC
Resolution
Sep 12, 2026, 8:20 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 2026-09-12 20:00 UTC. Settlement closes at 2026-09-11 20:00 UTC and resolves at 2026-09-12 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 2026-09-11 20:00 UTC · opens 2026-09-09T13:20:11.177Z · closes 2026-09-11T20:00:00.000Z · administrative resolve 2026-09-12T20:00:00.000Z
structured_scanner
relative_performance_v1
Recorded outcome evidence
BACK · recorded 2026-09-12T20:20:44.457Z · Resolution 89544ed2-16cf-4fbd-9f2a-f5638bc5c157
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 2026-09-12T20:20:44.266Z. Historical return probe evaluates BACK: DIA -0.42% vs IWM -1.96%.
primary: Yahoo Finance DIA and IWM closes · used · check time unrecorded Opening reference 528.03 at 2026-09-08T20:00:00.000Z; settlement reference 525.7899780273438 at 2026-09-11.
fallback: IWM comparison source · supporting · check time unrecorded Comparison opening reference 294.67 at 2026-09-08T20:00:00.000Z; settlement reference 288.8900146484375 at 2026-09-11.
Settlement mode: deterministic.
Primary source: Yahoo Finance DIA and IWM closes (https://finance.yahoo.com/quote/DIA/history/).
