{"schemaVersion":1,"ticker":"CPSM","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/cpsm/","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, CPSM against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/cpsm/"},"benchmark":{"ticker":"SPY","name":"S&P 500 (SPY)","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"CPSM","b":"SPY","window":{"from":"2024-05-10","to":"2026-10-23","firstReturn":"2024-05-17","weeklyReturns":128,"years":2.45,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04242985,"perWeek":0.0008159587,"days":613,"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":0.17248927,"b":0.50212077,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.06678151,"b":0.17974011,"edge":"SPY","lead":"SPY"},"price":{"a":0.17248927,"b":0.45912372,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.04066244,"b":0.14612089,"edge":"CPSM","lead":"CPSM"},"downsideDeviation":{"a":0.02746266,"b":0.09531683,"edge":"CPSM","lead":"CPSM"},"maxDrawdown":{"a":-0.04499924,"b":-0.16877308,"edge":"CPSM","lead":"CPSM","aPeak":"2025-02-28","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.02307767,"b":0.13375073,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.56754263,"b":0.91534292,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.84032914,"b":1.40322257,"edge":"SPY","lead":"SPY"},"calmar":{"a":1.48405865,"b":1.06498094,"edge":"CPSM","lead":"CPSM"}},"relative":{"CPSM":{"on":"SPY","beta":0.21427309,"r2":0.59288845,"alpha":-0.00558151,"alphaT":-0.3334958,"alphaLow":-0.03870231,"alphaHigh":0.02753929,"upsideCapture":0.14752108,"downsideCapture":0.15678423,"treynor":0.10770214,"trackingError":0.1177061,"informationRatio":-0.94024914,"upWeeks":73,"downWeeks":55,"treynorReference":0.13375073,"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":"CPSM","lead":"CPSM"},"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":{"CPSM":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":128,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.17248927}},"SPY":{"kept":"2026-10-26","distributions":10,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":128,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.50212077}}}}