{"schemaVersion":1,"ticker":"APRP","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/aprp/","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, APRP against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/aprp/"},"benchmark":{"ticker":"SPY","name":"SPDR S&P 500 ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"APRP","b":"SPY","window":{"from":"2024-04-12","to":"2026-10-23","firstReturn":"2024-04-19","weeklyReturns":132,"years":2.53,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04279226,"perWeek":0.0008229281,"days":633,"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":0.35646204,"b":0.53149571,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.12761433,"b":0.18283563,"edge":"SPY","lead":"SPY"},"price":{"a":0.35646204,"b":0.48765783,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.09639422,"b":0.14651793,"edge":"APRP","lead":"APRP"},"downsideDeviation":{"a":0.06527159,"b":0.09594894,"edge":"APRP","lead":"APRP"},"maxDrawdown":{"a":-0.12055979,"b":-0.16877308,"edge":"APRP","lead":"APRP","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.08207206,"b":0.13607892,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.85142101,"b":0.92875271,"edge":"SPY (slight)","lead":"SPY"},"sortino":{"a":1.25739326,"b":1.4182431,"edge":"SPY","lead":"SPY"},"calmar":{"a":1.05851488,"b":1.08332227,"edge":"SPY (slight)","lead":"SPY"}},"relative":{"APRP":{"on":"SPY","beta":0.56009069,"r2":0.72476346,"alpha":0.00585552,"alphaT":0.18225667,"alphaLow":-0.05770567,"alphaHigh":0.06941672,"upsideCapture":0.4578466,"downsideCapture":0.57211186,"treynor":0.14653352,"trackingError":0.08192588,"informationRatio":-0.65921609,"upWeeks":76,"downWeeks":56,"treynorReference":0.13607892,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"APRP","lead":"APRP"},"treynor":{"edge":"APRP (slight)","lead":"APRP"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"APRP":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":132,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.35646204}},"SPY":{"kept":"2026-10-26","distributions":10,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":132,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.53149571}}}}