{"schemaVersion":1,"ticker":"COPA","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/copa/","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, COPA against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/copa/"},"benchmark":{"ticker":"ACWI","name":"MSCI ACWI Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"COPA","b":"ACWI","window":{"from":"2024-10-04","to":"2026-10-23","firstReturn":"2024-10-11","weeklyReturns":107,"years":2.05,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04053867,"perWeek":0.0007795898,"days":512,"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":0.6881151,"b":0.35444717,"edge":"COPA","lead":"COPA"},"annualised":{"a":0.28977261,"b":0.15886782,"edge":"COPA","lead":"COPA"},"price":{"a":0.59308215,"b":0.31235353,"edge":"COPA","lead":"COPA"},"volatility":{"a":0.36414607,"b":0.14086723,"edge":"ACWI","lead":"ACWI"},"downsideDeviation":{"a":0.24831203,"b":0.09522656,"edge":"ACWI","lead":"ACWI"},"maxDrawdown":{"a":-0.30807702,"b":-0.14253357,"edge":"ACWI","lead":"ACWI","aPeak":"2024-10-04","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.28134533,"b":0.11700916,"edge":"COPA","lead":"COPA"},"sharpe":{"a":0.77261668,"b":0.83063434,"edge":"ACWI (slight)","lead":"ACWI"},"sortino":{"a":1.13303139,"b":1.22874501,"edge":"ACWI (slight)","lead":"ACWI"},"calmar":{"a":0.94058495,"b":1.1145993,"edge":"ACWI","lead":"ACWI"}},"relative":{"COPA":{"on":"ACWI","beta":1.76532795,"r2":0.46635805,"alpha":0.07478579,"alphaT":0.3987139,"alphaLow":-0.29712603,"alphaHigh":0.44669762,"upsideCapture":2.16671495,"downsideCapture":1.31711481,"treynor":0.15937284,"trackingError":0.28702804,"informationRatio":0.57254396,"upWeeks":62,"downWeeks":45,"treynorReference":0.11700916,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"COPA","lead":"COPA"},"downsideCapture":{"edge":"ACWI","lead":"ACWI"},"treynor":{"edge":"COPA","lead":"COPA"},"informationRatio":{"edge":null,"lead":"COPA","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"COPA":{"kept":"2026-10-26","distributions":2,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":2,"agree":2},"vendor":{"weeks":107,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.6881151}},"ACWI":{"kept":"2026-10-26","distributions":4,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":107,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.35444717}}}}