{"schemaVersion":1,"ticker":"BDEC","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/bdec/","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, BDEC against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/bdec/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"BDEC","b":"SPY","window":{"from":"2019-12-13","to":"2026-10-23","firstReturn":"2019-12-20","weeklyReturns":358,"years":6.86,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.02928922,"perWeek":0.0005632542,"days":1716,"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":1.04735952,"b":1.64843908,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10968925,"b":0.1519666,"edge":"SPY","lead":"SPY"},"price":{"a":1.04735952,"b":1.39496407,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.13222841,"b":0.18758892,"edge":"BDEC","lead":"BDEC"},"downsideDeviation":{"a":0.09196616,"b":0.12922056,"edge":"BDEC","lead":"BDEC"},"maxDrawdown":{"a":-0.23839769,"b":-0.3181115,"edge":"BDEC","lead":"BDEC","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.08366489,"b":0.13006531,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.63273004,"b":0.69335285,"edge":"SPY (slight)","lead":"SPY"},"sortino":{"a":0.90973556,"b":1.00653728,"edge":"SPY (slight)","lead":"SPY"},"calmar":{"a":0.46011038,"b":0.47771489,"edge":"SPY (slight)","lead":"SPY"}},"relative":{"BDEC":{"on":"SPY","beta":0.68836832,"r2":0.9536886,"alpha":-0.00586796,"alphaT":-0.53782992,"alphaLow":-0.02732495,"alphaHigh":0.01558904,"upsideCapture":0.55831178,"downsideCapture":0.74991101,"treynor":0.12154087,"trackingError":0.06501645,"informationRatio":-0.71367213,"upWeeks":202,"downWeeks":156,"treynorReference":0.13006531,"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":"BDEC","lead":"BDEC"},"treynor":{"edge":"SPY (slight)","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":{"BDEC":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":358,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.04735952}},"SPY":{"kept":"2026-10-26","distributions":28,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-20","amount":1.405559,"vendor":1.468475}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":358,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.64843908}}}}