{"schemaVersion":1,"ticker":"AJAN","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/ajan/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, AJAN against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/ajan/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"AJAN","b":"SPY","window":{"from":"2024-01-12","to":"2026-10-23","firstReturn":"2024-01-19","weeklyReturns":145,"years":2.78,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04377583,"perWeek":0.0008418428,"days":695,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":0.17403437,"b":0.64641291,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.05922685,"b":0.195791,"edge":"SPY","lead":"SPY"},"price":{"a":0.17403437,"b":0.59429806,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.03073945,"b":0.14165559,"edge":"AJAN","lead":"AJAN"},"downsideDeviation":{"a":0.02208991,"b":0.0923156,"edge":"AJAN","lead":"AJAN"},"maxDrawdown":{"a":-0.03464932,"b":-0.16877308,"edge":"AJAN","lead":"AJAN","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.01426559,"b":0.14533417,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.46408088,"b":1.02596853,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.64579649,"b":1.57431874,"edge":"SPY","lead":"SPY"},"calmar":{"a":1.70932205,"b":1.16008432,"edge":"AJAN","lead":"AJAN"}},"relative":{"AJAN":{"on":"SPY","beta":0.19509488,"r2":0.80828973,"alpha":-0.01408836,"alphaT":-1.72436534,"alphaLow":-0.03023828,"alphaHigh":0.00206155,"upsideCapture":0.14710417,"downsideCapture":0.18826863,"treynor":0.07312129,"trackingError":0.11481094,"informationRatio":-1.14160362,"upWeeks":84,"downWeeks":61,"treynorReference":0.14533417,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"AJAN","lead":"AJAN"},"treynor":{"edge":"SPY","lead":"SPY"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"AJAN":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":145,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.17403437}},"SPY":{"kept":"2026-10-26","distributions":11,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":145,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.64641291}}}}