{"cite":{"publisher":"ETFIQ","page":"https://etfiq.com/benchmarks/","methodology":"https://etfiq.com/methodology/benchmarks","as_of":"2026-10-20","class":"ETFIQ-computed","license":"https://etfiq.com/license/","license_text":"Computed by ETFIQ. Free to use with attribution: ETFIQ (etfiq.com).","fields_note":"Each statistic is computed by ETFIQ from Tiingo daily prices; attribution and credits say so in the file.","cite_as":"ETFIQ, Benchmarks for model portfolios, data as of 2026-10-20, https://etfiq.com/benchmarks/"},"schema":"1","generated":"2026-10-21T05:15:03-04:00","asOf":"2026-10-20","source":"tiingo-daily","attribution":{"text":"Computed by ETFIQ from Tiingo daily prices","source":"tiingo-daily","from":"2010-01-04","to":"2026-10-20","dates":"the first and last closes of the result rows the figures are computed from","licence":"https://etfiq.com/license/","vendor":{"text":"Data sourced by Tiingo","url":"https://www.tiingo.com"}},"methodologyVersion":"1.3","pagesLive":true,"licence":{"computed":"The statistics in this file are computed by ETFIQ and published under its open licence (https://etfiq.com/license/): Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","vendor":"No raw vendor data is published here: no Tiingo price rows, no daily or monthly value series, no Ken French factor files. Factor loadings are ETFIQ’s own estimates.","seriesPending":"Daily and monthly series of the benchmarks are not in version 1: whether they may be shown depends on Tiingo’s display licence, which is pending. They will be added only as it allows.","credit":"Wherever a figure here derives from Tiingo’s prices, credit it: Data sourced by Tiingo (https://www.tiingo.com)."},"credits":{"tiingo":{"text":"Data sourced by Tiingo","url":"https://www.tiingo.com","covers":"daily total returns: every return, volatility, drawdown, turnover, level and yield here"},"treasury":{"text":"U.S. Treasury daily bill rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates","covers":"the 13-week bill rate behind the Sharpe ratio"},"kenFrench":{"text":"Kenneth R. French Data Library","url":"https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html","covers":"the factor returns the factor loadings are estimated against; the files themselves are not published"},"sec":{"text":"Each fund’s prospectus (485BPOS XBRL) on SEC EDGAR","url":"https://www.sec.gov/edgar/search/","covers":"expense ratios"}},"terms":["Identical for everyone. Every weight follows from the written rule and public facts.","Constituents and weights published. No trade files, orders or rebalancing instructions.","No customisation, no fee of any kind, and no payment for inclusion or design.","Not a recommendation, a model to follow or a portfolio to buy.","Built from broad, liquid ETFs that file N-PORT as registered funds, so the SEC's own monthly returns can check each one. None holds a 1933-Act commodity or crypto trust.","Returns are Tiingo daily total returns, credited \"Data sourced by Tiingo\" wherever they appear."],"notes":["Each figure carries its own window dates and basis. Hypothetical: the rule applied to prices from before it was frozen, so it uses hindsight. Tracked: on or after the freeze date. A window that spans the freeze date is hypothetical as a whole.","The price source leaves out funds that closed before 2016, so results lean toward funds that survived.","Every benchmark outside the strategic family is measured against its reference, ETFIQ Strategic at the same stock share (at 100, All US stocks or All stocks by the measured US share of its stocks): the difference in total return in percentage points, with the reference’s own return; beta and correlation on monthly returns in excess of the 13-week Treasury bill; tracking error; up and down capture. Alpha, R squared and the information ratio are not published. A strategic benchmark is measured against itself and carries none.","Stress windows: every fall of 10% or more in VT and of 5% or more in AGG since 2010-01-04, by the published rule. Each benchmark is shown over every window inside its history; a window outside it, or only partly inside, is not shown for that benchmark and never cut to fit.","A figure that is not published carries the reason in \"absent\"; it is never zero."],"units":{"percent":"percent, two decimal places (8.23 is 8.23%)","percentage points":"the difference of two percentages as printed here: a difference is the printed total return minus the printed reference return, so it reproduces from the two","dollars":"US dollars, two decimal places","percent a year":"percent a year, two decimal places","ratio":"a ratio, two decimal places","coefficients":"regression coefficients and t statistics, two decimal places","weight":"percent of the benchmark, as its rule sets it","point":"percent in stocks"},"families":[{"id":"strategic","name":"Strategic","measures":"strategic and target-risk allocation models","rule":"x% VT, (100 - x)% the US bonds sleeve (BND and AGG in equal parts).","frozen":"2026-10-03","url":"https://etfiq.com/benchmarks/strategic/","count":8},{"id":"tax-aware","name":"Tax-aware","measures":"tax-aware and tax-sensitive allocation models","rule":"x% VT, (100 - x)% VTEB.","frozen":"2026-10-03","url":"https://etfiq.com/benchmarks/tax-aware/","count":6},{"id":"factor","name":"Factor","measures":"factor and smart-beta models","rule":"x% stock sleeve, (100 - x)% the US bonds sleeve.","frozen":"2026-10-03","url":"https://etfiq.com/benchmarks/factor/","count":6},{"id":"income","name":"Income","measures":"income-focused models","rule":"x% stock sleeve, (100 - x)% bond sleeve.","frozen":"2026-10-03","url":"https://etfiq.com/benchmarks/income/","count":5},{"id":"tactical","name":"Tactical","measures":"tactical and dynamic models","rule":"Start from S(x). At each month end, each sleeve is tested on its own total-return index (built from the same daily returns the engine uses): if that index is at or above its average over the last 10 month ends, the sleeve is held; otherwise it moves to BIL until a later month end passes the test.","frozen":"2026-10-03","url":"https://etfiq.com/benchmarks/tactical/","count":5},{"id":"thematic","name":"Thematic","measures":"thematic, megatrend and innovation models","rule":"x% stock sleeve, (100 - x)% the US bonds sleeve.","frozen":"2026-10-03","url":"https://etfiq.com/benchmarks/thematic/","count":6}],"bands":[{"id":"conservative","name":"Conservative","stockShareAbove":15.0,"stockShareAtMost":30.0,"point":20},{"id":"moderately-conservative","name":"Moderately conservative","stockShareAbove":30.0,"stockShareAtMost":50.0,"point":40},{"id":"moderate","name":"Moderate","stockShareAbove":50.0,"stockShareAtMost":70.0,"point":60},{"id":"moderately-aggressive","name":"Moderately aggressive","stockShareAbove":70.0,"stockShareAtMost":85.0,"point":80},{"id":"aggressive","name":"Aggressive","stockShareAbove":85.0,"stockShareAtMost":null,"point":95}],"comparisons":{"path":"/data/modelhub/compare/<ticker>.json","published":["AAAA","ALTY","AOA","AOK","AOM","AOR","AVMA","CGBL","DPRE","ELM","FARX","FPAA","FREI","FTBI","GAA","GAL","GMOD","GYLD","HEFT","INCM","INKM","IRTR","ITDB","ITDC","ITDD","ITDE","IYLD","JFLI","KEAT","LCR","MDIV","MFUL","MHIG","MHIP","NDOW","OCIO","PVEX","RAA","RISN","RJVI","RSMV","TBFC","TBFG","TRND","TRTY","WBIG","XFLX","XRLX","YLDW"],"count":49,"noLongerUpdated":[],"what":"each allocation ETF ETFIQ publishes, beside the ETFIQ benchmark for its band, over the same dates"},"stress":{"rule":{"section":"Stress windows","version":"1","methodology":"https://etfiq.com/methodology/benchmarks","text":"Every peak-to-trough fall of 10% or more in VT’s daily total return since 2010-01-04, and every fall of 5% or more in AGG’s, found by the published rule on every run, never chosen. A window runs from the peak close to the trough close; a fall still open at the last close is listed with its lowest close so far."},"derivedFrom":["tiingo"],"depthUnit":"percent: the fall from the peak close to the trough close","count":11,"windows":[{"id":"VT-2010-01-11-2010-02-08","name":"Jan 11 to Feb 8, 2010","fund":"VT","from":"2010-01-11","to":"2010-02-08","depth":-10.76,"openFall":false},{"id":"VT-2010-04-14-2010-06-07","name":"Apr 14 to Jun 7, 2010","fund":"VT","from":"2010-04-14","to":"2010-06-07","depth":-16.44,"openFall":false},{"id":"VT-2011-04-29-2011-10-03","name":"Apr 29 to Oct 3, 2011","fund":"VT","from":"2011-04-29","to":"2011-10-03","depth":-23.83,"openFall":false},{"id":"AGG-2013-05-02-2013-09-05","name":"May 2 to Sep 5, 2013","fund":"AGG","from":"2013-05-02","to":"2013-09-05","depth":-5.14,"openFall":false},{"id":"VT-2015-05-21-2016-02-11","name":"May 21, 2015 to Feb 11, 2016","fund":"VT","from":"2015-05-21","to":"2016-02-11","depth":-19.79,"openFall":false},{"id":"VT-2018-01-26-2018-12-24","name":"Jan 26 to Dec 24, 2018","fund":"VT","from":"2018-01-26","to":"2018-12-24","depth":-19.97,"openFall":false},{"id":"VT-2020-02-12-2020-03-23","name":"Feb 12 to Mar 23, 2020","fund":"VT","from":"2020-02-12","to":"2020-03-23","depth":-34.23,"openFall":false},{"id":"AGG-2020-03-06-2020-03-18","name":"Mar 6 to Mar 18, 2020","fund":"AGG","from":"2020-03-06","to":"2020-03-18","depth":-9.58,"openFall":false},{"id":"AGG-2020-08-04-2022-10-20","name":"Aug 4, 2020 to Oct 20, 2022","fund":"AGG","from":"2020-08-04","to":"2022-10-20","depth":-18.44,"openFall":true},{"id":"VT-2021-11-08-2022-10-12","name":"Nov 8, 2021 to Oct 12, 2022","fund":"VT","from":"2021-11-08","to":"2022-10-12","depth":-26.39,"openFall":false},{"id":"VT-2025-02-18-2025-04-08","name":"Feb 18 to Apr 8, 2025","fund":"VT","from":"2025-02-18","to":"2025-04-08","depth":-16.51,"openFall":false}]},"count":36,"benchmarks":[{"id":"etfiq-strategic-20","name":"ETFIQ Strategic, 20% stocks","family":"strategic","familyName":"Strategic","point":20,"pointUnit":"percent in stocks","band":{"id":"conservative","name":"Conservative","stockShareAbove":15.0,"stockShareAtMost":30.0},"bandName":"Conservative","measures":"strategic and target-risk allocation models","url":"https://etfiq.com/benchmarks/strategic-20/","frozen":"2026-10-03","trackedFrom":"2026-10-05","ruleVersion":"1.3","rule":{"weights":"20% VT and 80% US bonds (BND and AGG in equal parts)","rebalance":"monthly","rebalanceWords":"rebalanced on the last trading day of each month","family":"x% VT, (100 - x)% the US bonds sleeve (BND and AGG in equal parts)."},"holdings":{"effective":"2010-01-04","known":"2026-10-03","weightUnit":"percent of the benchmark","count":3,"funds":[{"ticker":"AGG","seriesId":"S000004362","name":"iShares Core U.S. Aggregate Bond ETF","sleeve":"US bonds","weight":40.0,"expenseRatio":{"value":0.03,"unit":"percent a year","asOf":"2026-06-18","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526275730/"},"url":"https://etfiq.com/funds/agg"},{"ticker":"BND","seriesId":"S000002564","name":"Vanguard Total Bond Market ETF","sleeve":"US bonds","weight":40.0,"expenseRatio":{"value":0.03,"unit":"percent a year","asOf":"2026-04-28","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/794105/000079410526000106/"},"url":"https://etfiq.com/funds/bnd"},{"ticker":"VT","seriesId":"S000022482","name":"Vanguard Total World Stock Index ETF","sleeve":"Global stocks","weight":20.0,"expenseRatio":{"value":0.06,"unit":"percent a year","asOf":"2026-02-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/857489/000119312526077485/"},"url":"https://etfiq.com/funds/vt"}]},"period":{"start":"2010-01-04","end":"2026-10-20"},"basisNote":"Launched on Oct 3, 2026, when ETFIQ froze its rule. Figures before Oct 5, 2026 are hypothetical: we apply today’s rule and funds to earlier prices. From Oct 5, 2026 the record is tracked. A window that starts earlier is hypothetical as a whole.","verdict":"Over 10 years to Sep 30, 2026, ETFIQ Strategic, 20% stocks, had a total return of +3.41% a year, hypothetical.","statistics":{"ITD":{"cumulative":{"value":95.19,"unit":"percent","basis":"hypothetical","from":"2010-01-04","to":"2026-10-20","derivedFrom":["tiingo"]},"annualised":{"value":4.07,"unit":"percent a year","basis":"hypothetical","from":"2010-01-29","to":"2026-09-30","monthCount":200,"derivedFrom":["tiingo"]},"volatility":{"value":5.24,"unit":"percent a 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36"},"maxDrawdown":{"value":-3.73,"unit":"percent","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","peak":"2026-02-27","trough":"2026-03-27","recovery":"2026-05-06","derivedFrom":["tiingo"]},"sharpe":{"absent":"12 monthly returns; a Sharpe ratio needs 36"},"factorLoadings":{"absent":"12 monthly returns inside Ken French's coverage (to 2026-08); factor loadings need 36"},"turnover":{"value":4.59,"unit":"percent a year","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","monthCount":12,"derivedFrom":["tiingo"]},"worstMonth":{"value":-2.65,"unit":"percent","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","monthCount":12,"month":"2026-03","derivedFrom":["tiingo"]}},"3Y":{"cumulative":{"value":23.89,"unit":"percent","basis":"hypothetical","from":"2023-09-29","to":"2026-09-30","derivedFrom":["tiingo"]},"annualised":{"value":7.4,"unit":"percent a 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XBRL","url":"https://www.sec.gov/Archives/edgar/data/1329377/000144554626003178/"},"url":"https://etfiq.com/funds/fdn"},{"ticker":"GDX","seriesId":"S000009191","name":"VanEck Gold Miners ETF","sleeve":"Gold miners","weight":2.5641025641025643,"expenseRatio":{"value":0.51,"unit":"percent a year","asOf":"2026-04-29","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1137360/000113736026000433/"},"url":"https://etfiq.com/funds/gdx"},{"ticker":"GRID","seriesId":"S000026919","name":"First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund","sleeve":"Electrification and the grid","weight":2.5641025641025643,"expenseRatio":{"value":0.56,"unit":"percent a year","asOf":"2026-01-28","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1364608/000144554626000657/"},"url":"https://etfiq.com/funds/grid"},{"ticker":"IBB","seriesId":"S000004350","name":"iShares Biotechnology ETF","sleeve":"Biotech","weight":2.5641025641025643,"expenseRatio":{"value":0.44,"unit":"percent a year","asOf":"2026-07-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526318131/"},"url":"https://etfiq.com/funds/ibb"},{"ticker":"ICLN","seriesId":"S000022498","name":"iShares Global Clean Energy ETF","sleeve":"Clean energy","weight":2.5641025641025643,"expenseRatio":{"value":0.38,"unit":"percent a year","asOf":"2026-08-21","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526361232/"},"url":"https://etfiq.com/funds/icln"},{"ticker":"IETC","seriesId":"S000061260","name":"iShares U.S. Tech Independence Focused ETF","sleeve":"Energy security and critical technology","weight":2.5641025641025643,"expenseRatio":{"value":0.18,"unit":"percent a year","asOf":"2025-11-21","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1524513/000119312525291337/"},"url":"https://etfiq.com/funds/ietc"},{"ticker":"IGV","seriesId":"S000004355","name":"iShares Expanded Tech-Software Sector ETF","sleeve":"Cloud and software","weight":2.5641025641025643,"expenseRatio":{"value":0.38,"unit":"percent a year","asOf":"2026-07-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526318131/"},"url":"https://etfiq.com/funds/igv"},{"ticker":"IHI","seriesId":"S000009419","name":"iShares U.S. Medical Devices ETF","sleeve":"Therapeutics and medical devices","weight":2.5641025641025643,"expenseRatio":{"value":0.37,"unit":"percent a year","asOf":"2026-07-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526318131/"},"url":"https://etfiq.com/funds/ihi"},{"ticker":"ITA","seriesId":"S000009423","name":"iShares U.S. Aerospace & Defense ETF","sleeve":"Defense","weight":2.5641025641025643,"expenseRatio":{"value":0.37,"unit":"percent a year","asOf":"2026-07-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526318131/"},"url":"https://etfiq.com/funds/ita"},{"ticker":"JETS","seriesId":"S000048544","name":"U.S. Global Jets ETF","sleeve":"Shipping, aviation and logistics","weight":2.5641025641025643,"expenseRatio":{"value":0.6,"unit":"percent a year","asOf":"2026-04-24","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1540305/000089418926013104/"},"url":"https://etfiq.com/funds/jets"},{"ticker":"LEGR","seriesId":"S000061213","name":"First Trust Indxx Innovative Transaction & Process ETF","sleeve":"Stablecoins and tokenisation","weight":2.5641025641025643,"expenseRatio":{"value":0.65,"unit":"percent a year","asOf":"2026-01-28","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1552740/000144554626000659/"},"url":"https://etfiq.com/funds/legr"},{"ticker":"LIT","seriesId":"S000029441","name":"Global X Lithium & Battery Tech ETF","sleeve":"Lithium and battery metals","weight":2.5641025641025643,"expenseRatio":{"value":0.75,"unit":"percent a year","asOf":"2026-02-26","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1432353/000143235326000085/"},"url":"https://etfiq.com/funds/lit"},{"ticker":"METV","seriesId":"S000072321","name":"Roundhill Ball Metaverse ETF","sleeve":"Metaverse and immersive tech","weight":2.5641025641025643,"expenseRatio":{"value":0.59,"unit":"percent a year","asOf":"2026-04-30","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1683471/000089418926014063/"},"url":"https://etfiq.com/funds/metv"},{"ticker":"MOO","seriesId":"S000018474","name":"VanEck Agribusiness ETF","sleeve":"Agriculture","weight":2.5641025641025643,"expenseRatio":{"value":0.56,"unit":"percent a year","asOf":"2026-04-29","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1137360/000113736026000433/"},"url":"https://etfiq.com/funds/moo"},{"ticker":"MSOS","seriesId":"S000066948","name":"AdvisorShares Pure US Cannabis ETF","sleeve":"Cannabis","weight":2.5641025641025643,"expenseRatio":{"value":0.78,"unit":"percent a year","asOf":"2025-10-28","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1408970/000182912625008483/"},"url":"https://etfiq.com/funds/msos"},{"ticker":"PAVE","seriesId":"S000056509","name":"Global X U.S. Infrastructure Development ETF","sleeve":"Infrastructure","weight":2.5641025641025643,"expenseRatio":{"value":0.47,"unit":"percent a year","asOf":"2026-03-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1432353/000143235326000311/"},"url":"https://etfiq.com/funds/pave"},{"ticker":"PEJ","seriesId":"S000003028","name":"Invesco Leisure and Entertainment ETF","sleeve":"Travel and leisure","weight":2.5641025641025643,"expenseRatio":{"value":0.58,"unit":"percent a year","asOf":"2026-08-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1209466/000110465926102475/"},"url":"https://etfiq.com/funds/pej"},{"ticker":"PHO","seriesId":"S000003048","name":"Invesco Water Resources ETF","sleeve":"Water","weight":2.5641025641025643,"expenseRatio":{"value":0.59,"unit":"percent a year","asOf":"2026-08-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1209466/000110465926102475/"},"url":"https://etfiq.com/funds/pho"},{"ticker":"QTUM","seriesId":"S000062478","name":"Defiance Quantum ETF","sleeve":"Quantum computing","weight":2.5641025641025643,"expenseRatio":{"value":0.4,"unit":"percent a year","asOf":"2026-06-30","source":"497 XBRL","url":"https://www.sec.gov/Archives/edgar/data/1540305/000089418926020770/"},"url":"https://etfiq.com/funds/qtum"},{"ticker":"REMX","seriesId":"S000030045","name":"VanEck Rare Earth and Strategic Metals ETF","sleeve":"Rare earth and critical materials","weight":2.5641025641025643,"expenseRatio":{"value":0.53,"unit":"percent a year","asOf":"2026-04-29","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1137360/000113736026000433/"},"url":"https://etfiq.com/funds/remx"},{"ticker":"SIL","seriesId":"S000028730","name":"Global X Silver Miners ETF","sleeve":"Silver miners","weight":2.5641025641025643,"expenseRatio":{"value":0.65,"unit":"percent a year","asOf":"2026-02-26","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1432353/000143235326000085/"},"url":"https://etfiq.com/funds/sil"},{"ticker":"SMH","seriesId":"S000034411","name":"VanEck Semiconductor ETF","sleeve":"Semiconductors","weight":2.5641025641025643,"expenseRatio":{"value":0.35,"unit":"percent a year","asOf":"2026-01-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1137360/000113736026000029/"},"url":"https://etfiq.com/funds/smh"},{"ticker":"URA","seriesId":"S000029442","name":"Global X Uranium ETF","sleeve":"Nuclear and uranium","weight":2.5641025641025643,"expenseRatio":{"value":0.69,"unit":"percent a year","asOf":"2026-02-26","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1432353/000143235326000085/"},"url":"https://etfiq.com/funds/ura"},{"ticker":"USNZ","seriesId":"S000076557","name":"Xtrackers Net Zero Pathway Paris Aligned US Equity ETF","sleeve":"Energy transition and decarbonisation","weight":2.5641025641025643,"expenseRatio":{"value":0.1,"unit":"percent a year","asOf":"2025-12-18","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1503123/000008805325001098/"},"url":"https://etfiq.com/funds/usnz"},{"ticker":"WOOD","seriesId":"S000022500","name":"iShares Global Timber & Forestry ETF","sleeve":"Timber and forestry","weight":2.5641025641025643,"expenseRatio":{"value":0.39,"unit":"percent a year","asOf":"2026-07-27","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1100663/000119312526318131/"},"url":"https://etfiq.com/funds/wood"},{"ticker":"XME","seriesId":"S000012333","name":"State Street SPDR S&P Metals & Mining ETF","sleeve":"Miners and metals","weight":2.5641025641025643,"expenseRatio":{"value":0.35,"unit":"percent a year","asOf":"2025-10-24","source":"485BPOS XBRL","url":"https://www.sec.gov/Archives/edgar/data/1064642/000119312525250041/"},"url":"https://etfiq.com/funds/xme"}]},"period":{"start":"2011-01-03","end":"2026-10-20"},"basisNote":"Launched on Oct 3, 2026, when ETFIQ froze its rule. Figures before Oct 5, 2026 are hypothetical: we apply today’s rule and funds to earlier prices. From Oct 5, 2026 the record is tracked. A window that starts earlier is hypothetical as a whole.","verdict":"Over 10 years to Sep 30, 2026, ETFIQ Thematic, 100% stocks, had a total return of +15.33% a year, hypothetical.","statistics":{"ITD":{"cumulative":{"value":451.52,"unit":"percent","basis":"hypothetical","from":"2011-01-03","to":"2026-10-20","derivedFrom":["tiingo"]},"annualised":{"value":11.83,"unit":"percent a year","basis":"hypothetical","from":"2011-01-31","to":"2026-09-30","monthCount":188,"derivedFrom":["tiingo"]},"volatility":{"value":18.85,"unit":"percent a year","basis":"hypothetical","from":"2011-01-31","to":"2026-09-30","monthCount":188,"derivedFrom":["tiingo"]},"maxDrawdown":{"value":-36.8,"unit":"percent","basis":"hypothetical","from":"2011-01-03","to":"2026-10-20","peak":"2020-02-19","trough":"2020-03-23","recovery":"2020-07-08","derivedFrom":["tiingo"]},"sharpe":{"value":0.6,"unit":"ratio","basis":"hypothetical","from":"2011-01-31","to":"2026-09-30","monthCount":188,"derivedFrom":["tiingo","treasury"]},"beta":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"correlation":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"trackingError":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"upCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"downCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"factorLoadings":{"value":{"Mkt-RF":{"coefficient":1.06,"t":25.61},"SMB":{"coefficient":0.19,"t":2.69},"HML":{"coefficient":-0.17,"t":-2.5},"RMW":{"coefficient":-0.28,"t":-3.67},"CMA":{"coefficient":0.16,"t":1.55},"Mom":{"coefficient":-0.2,"t":-4.18}},"rSquared":0.85,"unit":"coefficients","basis":"hypothetical","from":"2011-01-31","to":"2026-08-31","monthCount":187,"derivedFrom":["tiingo","kenFrench"]},"turnover":{"value":21.79,"unit":"percent a year","basis":"hypothetical","from":"2011-01-31","to":"2026-09-30","monthCount":78,"derivedFrom":["tiingo"]},"worstMonth":{"value":-16.39,"unit":"percent","basis":"hypothetical","from":"2011-01-31","to":"2026-09-30","monthCount":188,"month":"2020-03","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"expenseRatio":{"value":0.55,"unit":"percent a year","basis":"tracked","from":"2026-10-20","to":"2026-10-20","derivedFrom":["sec"]},"level":{"value":551.52,"unit":"points, 100 on the first day","basis":"hypothetical","from":"2011-01-03","to":"2026-10-20","derivedFrom":["tiingo"]}},"1Y":{"cumulative":{"value":15.56,"unit":"percent","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","derivedFrom":["tiingo"]},"annualised":{"value":15.56,"unit":"percent a year","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","monthCount":12,"derivedFrom":["tiingo"]},"volatility":{"absent":"12 monthly returns; volatility needs 36"},"maxDrawdown":{"value":-14.53,"unit":"percent","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","peak":"2026-01-28","trough":"2026-03-30","recovery":"2026-04-22","derivedFrom":["tiingo"]},"sharpe":{"absent":"12 monthly returns; a Sharpe ratio needs 36"},"beta":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"correlation":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"trackingError":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"upCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"downCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"factorLoadings":{"absent":"12 monthly returns inside Ken French's coverage (to 2026-08); factor loadings need 36"},"turnover":{"value":21.9,"unit":"percent a year","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","monthCount":5,"derivedFrom":["tiingo"]},"worstMonth":{"value":-8.27,"unit":"percent","basis":"hypothetical","from":"2025-09-30","to":"2026-09-30","monthCount":12,"month":"2026-03","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"3Y":{"cumulative":{"value":100.78,"unit":"percent","basis":"hypothetical","from":"2023-09-29","to":"2026-09-30","derivedFrom":["tiingo"]},"annualised":{"value":26.16,"unit":"percent a year","basis":"hypothetical","from":"2023-09-29","to":"2026-09-30","monthCount":36,"derivedFrom":["tiingo"]},"volatility":{"value":18.36,"unit":"percent a year","basis":"hypothetical","from":"2023-09-29","to":"2026-09-30","monthCount":36,"derivedFrom":["tiingo"]},"maxDrawdown":{"value":-22.49,"unit":"percent","basis":"hypothetical","from":"2023-09-29","to":"2026-09-30","peak":"2025-02-18","trough":"2025-04-08","recovery":"2025-06-04","derivedFrom":["tiingo"]},"sharpe":{"value":1.12,"unit":"ratio","basis":"hypothetical","from":"2023-09-29","to":"2026-09-30","monthCount":36,"derivedFrom":["tiingo","treasury"]},"beta":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"correlation":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"trackingError":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"upCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"downCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"factorLoadings":{"value":{"Mkt-RF":{"coefficient":1.11,"t":8.56},"SMB":{"coefficient":0.2,"t":1.07},"HML":{"coefficient":-0.07,"t":-0.34},"RMW":{"coefficient":-0.39,"t":-2.59},"CMA":{"coefficient":0.18,"t":0.77},"Mom":{"coefficient":-0.14,"t":-1.21}},"rSquared":0.84,"unit":"coefficients","basis":"hypothetical","from":"2023-08-31","to":"2026-08-31","monthCount":36,"derivedFrom":["tiingo","kenFrench"]},"turnover":{"value":21.5,"unit":"percent a 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CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"trackingError":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"upCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"downCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"factorLoadings":{"value":{"Mkt-RF":{"coefficient":1.12,"t":18.46},"SMB":{"coefficient":0.21,"t":1.95},"HML":{"coefficient":-0.15,"t":-1.29},"RMW":{"coefficient":-0.37,"t":-3.94},"CMA":{"coefficient":0.2,"t":1.41},"Mom":{"coefficient":-0.17,"t":-2.47}},"rSquared":0.9,"unit":"coefficients","basis":"hypothetical","from":"2021-08-31","to":"2026-08-31","monthCount":60,"derivedFrom":["tiingo","kenFrench"]},"turnover":{"value":23.66,"unit":"percent a year","basis":"hypothetical","from":"2021-09-30","to":"2026-09-30","monthCount":25,"derivedFrom":["tiingo"]},"worstMonth":{"value":-12.15,"unit":"percent","basis":"hypothetical","from":"2021-09-30","to":"2026-09-30","monthCount":60,"month":"2022-04","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"10Y":{"cumulative":{"value":316.18,"unit":"percent","basis":"hypothetical","from":"2016-09-30","to":"2026-09-30","derivedFrom":["tiingo"]},"annualised":{"value":15.33,"unit":"percent a year","basis":"hypothetical","from":"2016-09-30","to":"2026-09-30","monthCount":120,"derivedFrom":["tiingo"]},"volatility":{"value":20.11,"unit":"percent a 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CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"trackingError":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"upCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"downCapture":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"},"factorLoadings":{"value":{"Mkt-RF":{"coefficient":1.1,"t":24.68},"SMB":{"coefficient":0.18,"t":2.22},"HML":{"coefficient":-0.11,"t":-1.57},"RMW":{"coefficient":-0.32,"t":-3.96},"CMA":{"coefficient":0.09,"t":0.93},"Mom":{"coefficient":-0.13,"t":-2.39}},"rSquared":0.89,"unit":"coefficients","basis":"hypothetical","from":"2016-08-31","to":"2026-08-31","monthCount":120,"derivedFrom":["tiingo","kenFrench"]},"turnover":{"value":21.59,"unit":"percent a year","basis":"hypothetical","from":"2016-09-30","to":"2026-09-30","monthCount":50,"derivedFrom":["tiingo"]},"worstMonth":{"value":-16.39,"unit":"percent","basis":"hypothetical","from":"2016-09-30","to":"2026-09-30","monthCount":120,"month":"2020-03","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2011":{"cumulative":{"absent":"the history starts 2011-01-03, after the last close of December 2010"},"maxDrawdown":{"absent":"the history starts 2011-01-03, after the last close of December 2010"},"difference":{"absent":"the history starts 2011-01-03, after the last close of December 2010"}},"2012":{"cumulative":{"value":13.04,"unit":"percent","basis":"hypothetical","from":"2011-12-30","to":"2012-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-12.99,"unit":"percent","basis":"hypothetical","from":"2011-12-30","to":"2012-12-31","peak":"2012-03-26","trough":"2012-06-01","recovery":"2012-09-14","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2013":{"cumulative":{"value":24.81,"unit":"percent","basis":"hypothetical","from":"2012-12-31","to":"2013-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-8.22,"unit":"percent","basis":"hypothetical","from":"2012-12-31","to":"2013-12-31","peak":"2013-05-21","trough":"2013-06-24","recovery":"2013-07-16","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2014":{"cumulative":{"value":-3.44,"unit":"percent","basis":"hypothetical","from":"2013-12-31","to":"2014-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-15.89,"unit":"percent","basis":"hypothetical","from":"2013-12-31","to":"2014-12-31","peak":"2014-03-06","trough":"2014-12-16","recovery":null,"derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2015":{"cumulative":{"value":-13.02,"unit":"percent","basis":"hypothetical","from":"2014-12-31","to":"2015-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-25.18,"unit":"percent","basis":"hypothetical","from":"2014-12-31","to":"2015-12-31","peak":"2015-05-14","trough":"2015-09-29","recovery":null,"derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2016":{"cumulative":{"value":24.91,"unit":"percent","basis":"hypothetical","from":"2015-12-31","to":"2016-12-30","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-13.47,"unit":"percent","basis":"hypothetical","from":"2015-12-31","to":"2016-12-30","peak":"2015-12-31","trough":"2016-01-20","recovery":"2016-03-02","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2017":{"cumulative":{"value":30.76,"unit":"percent","basis":"hypothetical","from":"2016-12-30","to":"2017-12-29","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-5.53,"unit":"percent","basis":"hypothetical","from":"2016-12-30","to":"2017-12-29","peak":"2017-02-14","trough":"2017-03-09","recovery":"2017-07-12","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2018":{"cumulative":{"value":-12.38,"unit":"percent","basis":"hypothetical","from":"2017-12-29","to":"2018-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-21.77,"unit":"percent","basis":"hypothetical","from":"2017-12-29","to":"2018-12-31","peak":"2018-01-26","trough":"2018-12-24","recovery":null,"derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2019":{"cumulative":{"value":26.94,"unit":"percent","basis":"hypothetical","from":"2018-12-31","to":"2019-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-9.19,"unit":"percent","basis":"hypothetical","from":"2018-12-31","to":"2019-12-31","peak":"2019-04-08","trough":"2019-05-31","recovery":"2019-07-02","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2020":{"cumulative":{"value":46.33,"unit":"percent","basis":"hypothetical","from":"2019-12-31","to":"2020-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-36.8,"unit":"percent","basis":"hypothetical","from":"2019-12-31","to":"2020-12-31","peak":"2020-02-19","trough":"2020-03-23","recovery":"2020-07-08","derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2021":{"cumulative":{"value":15.7,"unit":"percent","basis":"hypothetical","from":"2020-12-31","to":"2021-12-31","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-10.73,"unit":"percent","basis":"hypothetical","from":"2020-12-31","to":"2021-12-31","peak":"2021-11-08","trough":"2021-12-20","recovery":null,"derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, XME)"}},"2022":{"cumulative":{"value":-24.53,"unit":"percent","basis":"hypothetical","from":"2021-12-31","to":"2022-12-30","derivedFrom":["tiingo"]},"maxDrawdown":{"value":-31.16,"unit":"percent","basis":"hypothetical","from":"2021-12-31","to":"2022-12-30","peak":"2022-01-03","trough":"2022-10-14","recovery":null,"derivedFrom":["tiingo"]},"difference":{"absent":"the US share of its stocks cannot be measured: 39 of the 39 held funds publish no equityPct in categories.json (AIQ, AIRR, ARKF, ARKG, ARKK, ARKX, BLOK, BOTZ, CIBR, COPX, DRIV, DTCR, ESPO, FDN, GDX, GRID, IBB, ICLN, IETC, IGV, IHI, ITA, JETS, LEGR, LIT, METV, MOO, MSOS, PAVE, PEJ, PHO, QTUM, REMX, SIL, SMH, URA, USNZ, WOOD, 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