{"schemaVersion":1,"ticker":"CPNQ","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/cpnq/","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, CPNQ against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/cpnq/"},"benchmark":{"ticker":"QQQ","name":"Nasdaq-100 (QQQ)","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"CPNQ","b":"QQQ","window":{"from":"2024-12-13","to":"2026-10-23","firstReturn":"2024-12-20","weeklyReturns":97,"years":1.86,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04003828,"perWeek":0.0007699669,"days":465,"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":0.12666025,"b":0.34101556,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.06601988,"b":0.17034805,"edge":"QQQ","lead":"QQQ"},"price":{"a":0.12666025,"b":0.32772887,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.02897106,"b":0.20329457,"edge":"CPNQ","lead":"CPNQ"},"downsideDeviation":{"a":0.01792444,"b":0.13314678,"edge":"CPNQ","lead":"CPNQ"},"maxDrawdown":{"a":-0.03400203,"b":-0.21344135,"edge":"CPNQ","lead":"CPNQ","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.02434761,"b":0.13795785,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":0.84041149,"b":0.67861062,"edge":"CPNQ","lead":"CPNQ"},"sortino":{"a":1.35834725,"b":1.03613359,"edge":"CPNQ","lead":"CPNQ"},"calmar":{"a":1.9416455,"b":0.79810236,"edge":"CPNQ","lead":"CPNQ"}},"relative":{"CPNQ":{"on":"QQQ","beta":0.13114865,"r2":0.84693588,"alpha":0.00625462,"alphaT":0.74640752,"alphaLow":-0.01038106,"alphaHigh":0.0228903,"upsideCapture":0.10122943,"downsideCapture":0.14985502,"treynor":0.18564895,"trackingError":0.17699605,"informationRatio":-0.64188011,"upWeeks":53,"downWeeks":44,"treynorReference":0.13795785,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"QQQ","lead":"QQQ"},"downsideCapture":{"edge":"CPNQ","lead":"CPNQ"},"treynor":{"edge":"CPNQ","lead":"CPNQ"},"informationRatio":{"edge":null,"lead":"QQQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"CPNQ":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":97,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.12666025}},"QQQ":{"kept":"2026-10-26","distributions":8,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":97,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.34101556}}}}