diff --git a/backend/app/api/strategy.py b/backend/app/api/strategy.py
index 3f04bca..abb6f46 100644
--- a/backend/app/api/strategy.py
+++ b/backend/app/api/strategy.py
@@ -1,11 +1,14 @@
 """
 Quant strategy API endpoints.
 """
+from typing import Set
+
 from fastapi import APIRouter, Depends
 from sqlalchemy.orm import Session
 
 from app.core.database import get_db
 from app.api.deps import CurrentUser
+from app.models.stock import ETF
 from app.schemas.strategy import (
     MultiFactorRequest, QualityRequest, ValueMomentumRequest, KJBRequest, StrategyResult,
 )
@@ -14,6 +17,27 @@ from app.services.strategy import MultiFactorStrategy, QualityStrategy, ValueMom
 router = APIRouter(prefix="/api/strategy", tags=["strategy"])
 
 
+def _filter_dc_only(result: StrategyResult, db: Session) -> StrategyResult:
+    """Filter strategy result to include only ETFs (DC pension investable)."""
+    tickers = [s.ticker for s in result.stocks]
+    etf_tickers: Set[str] = set(
+        row[0] for row in db.query(ETF.ticker).filter(ETF.ticker.in_(tickers)).all()
+    ) if tickers else set()
+
+    filtered = [s for s in result.stocks if s.ticker in etf_tickers]
+    # Re-rank
+    for i, stock in enumerate(filtered, 1):
+        stock.rank = i
+
+    return StrategyResult(
+        strategy_name=result.strategy_name,
+        base_date=result.base_date,
+        universe_count=result.universe_count,
+        result_count=len(filtered),
+        stocks=filtered,
+    )
+
+
 @router.post("/multi-factor", response_model=StrategyResult)
 async def run_multi_factor(
     request: MultiFactorRequest,
@@ -22,12 +46,13 @@ async def run_multi_factor(
 ):
     """Run multi-factor strategy."""
     strategy = MultiFactorStrategy(db)
-    return strategy.run(
+    result = strategy.run(
         universe_filter=request.universe,
         top_n=request.top_n,
         base_date=request.base_date,
         weights=request.weights,
     )
+    return _filter_dc_only(result, db) if request.dc_only else result
 
 
 @router.post("/quality", response_model=StrategyResult)
@@ -38,12 +63,13 @@ async def run_quality(
 ):
     """Run super quality strategy."""
     strategy = QualityStrategy(db)
-    return strategy.run(
+    result = strategy.run(
         universe_filter=request.universe,
         top_n=request.top_n,
         base_date=request.base_date,
         min_fscore=request.min_fscore,
     )
+    return _filter_dc_only(result, db) if request.dc_only else result
 
 
 @router.post("/value-momentum", response_model=StrategyResult)
@@ -54,13 +80,14 @@ async def run_value_momentum(
 ):
     """Run value-momentum strategy."""
     strategy = ValueMomentumStrategy(db)
-    return strategy.run(
+    result = strategy.run(
         universe_filter=request.universe,
         top_n=request.top_n,
         base_date=request.base_date,
         value_weight=request.value_weight,
         momentum_weight=request.momentum_weight,
     )
+    return _filter_dc_only(result, db) if request.dc_only else result
 
 
 @router.post("/kjb", response_model=StrategyResult)
@@ -71,8 +98,9 @@ async def run_kjb(
 ):
     """Run KJB strategy."""
     strategy = KJBStrategy(db)
-    return strategy.run(
+    result = strategy.run(
         universe_filter=request.universe,
         top_n=request.top_n,
         base_date=request.base_date,
     )
+    return _filter_dc_only(result, db) if request.dc_only else result
diff --git a/backend/app/schemas/strategy.py b/backend/app/schemas/strategy.py
index d208227..0feb4b4 100644
--- a/backend/app/schemas/strategy.py
+++ b/backend/app/schemas/strategy.py
@@ -32,6 +32,7 @@ class StrategyRequest(BaseModel):
     universe: UniverseFilter = UniverseFilter()
     top_n: int = Field(default=30, ge=1, le=100)
     base_date: Optional[date] = None
+    dc_only: bool = False
 
 
 class MultiFactorRequest(StrategyRequest):
diff --git a/backend/tests/e2e/test_strategy_flow.py b/backend/tests/e2e/test_strategy_flow.py
index 6775c9f..4e3421c 100644
--- a/backend/tests/e2e/test_strategy_flow.py
+++ b/backend/tests/e2e/test_strategy_flow.py
@@ -79,6 +79,50 @@ def test_value_momentum_strategy(client: TestClient, auth_headers):
         assert data["strategy_name"] == "value_momentum"
 
 
+def test_dc_only_filter(client: TestClient, auth_headers):
+    """Test dc_only parameter filters to ETFs only."""
+    response = client.post(
+        "/api/strategy/multi-factor",
+        json={
+            "universe": {
+                "markets": ["KOSPI"],
+            },
+            "top_n": 20,
+            "dc_only": True,
+            "weights": {
+                "value": 0.3,
+                "quality": 0.3,
+                "momentum": 0.2,
+                "low_vol": 0.2,
+            },
+        },
+        headers=auth_headers,
+    )
+    # May fail if no data, just check it accepts the parameter
+    assert response.status_code in [200, 400, 500]
+
+    if response.status_code == 200:
+        data = response.json()
+        assert "stocks" in data
+        # All returned stocks should be ETFs (or empty if no ETFs in universe)
+
+
+def test_dc_only_false_returns_all(client: TestClient, auth_headers):
+    """Test dc_only=false returns all stocks (default behavior)."""
+    response = client.post(
+        "/api/strategy/multi-factor",
+        json={
+            "universe": {
+                "markets": ["KOSPI"],
+            },
+            "top_n": 20,
+            "dc_only": False,
+        },
+        headers=auth_headers,
+    )
+    assert response.status_code in [200, 400, 500]
+
+
 def test_strategy_requires_auth(client: TestClient):
     """Test that strategy endpoints require authentication."""
     response = client.post(