{"schemaVersion":1,"ticker":"ARLU","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/arlu/","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, ARLU against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/arlu/"},"benchmark":{"ticker":"SPY","name":"SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"ARLU","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":0.30985302,"b":0.53149571,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.11218898,"b":0.18283563,"edge":"SPY","lead":"SPY"},"price":{"a":0.30985302,"b":0.48765783,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.11580761,"b":0.14651793,"edge":"ARLU","lead":"ARLU"},"downsideDeviation":{"a":0.0774256,"b":0.09594894,"edge":"ARLU","lead":"ARLU"},"maxDrawdown":{"a":-0.14157123,"b":-0.16877308,"edge":"ARLU","lead":"ARLU","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.07029965,"b":0.13607892,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.60703823,"b":0.92875271,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.90796387,"b":1.4182431,"edge":"SPY","lead":"SPY"},"calmar":{"a":0.79245607,"b":1.08332227,"edge":"SPY","lead":"SPY"}},"relative":{"ARLU":{"on":"SPY","beta":0.77693328,"r2":0.96621715,"alpha":-0.03542459,"alphaT":-2.61963865,"alphaLow":-0.06217764,"alphaHigh":-0.00867154,"upsideCapture":0.721592,"downsideCapture":0.91616452,"treynor":0.09048351,"trackingError":0.03900348,"informationRatio":-1.68649733,"upWeeks":76,"downWeeks":56,"treynorReference":0.13607892,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"SPY","lead":"SPY"},"alphaRange":{"edge":null},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"ARLU (slight)","lead":"ARLU"},"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":{"ARLU":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":10,"agree":10},"vendor":{"weeks":132,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.30985302}},"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}}}}