{"schemaVersion":1,"ticker":"DMAX","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/dmax/","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, DMAX against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/dmax/"},"benchmark":{"ticker":"IVV","name":"iShares Core S&P 500 ETF","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"DMAX","b":"IVV","window":{"from":"2025-01-10","to":"2026-10-23","firstReturn":"2025-01-17","weeklyReturns":93,"years":1.78,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03990582,"perWeek":0.0007674195,"days":447,"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":0.12805025,"b":0.33615353,"edge":"IVV","lead":"IVV"},"annualised":{"a":0.06969241,"b":0.17590246,"edge":"IVV","lead":"IVV"},"price":{"a":0.114876,"b":0.30843605,"edge":"IVV","lead":"IVV"},"volatility":{"a":0.02813029,"b":0.15239161,"edge":"DMAX","lead":"DMAX"},"downsideDeviation":{"a":0.01799056,"b":0.10038857,"edge":"DMAX","lead":"DMAX"},"maxDrawdown":{"a":-0.03079353,"b":-0.16889078,"edge":"DMAX","lead":"DMAX","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.0279001,"b":0.13392504,"edge":"IVV","lead":"IVV"},"sharpe":{"a":0.99181693,"b":0.8788216,"edge":"DMAX","lead":"DMAX"},"sortino":{"a":1.55081871,"b":1.33406661,"edge":"DMAX","lead":"DMAX"},"calmar":{"a":2.2632165,"b":1.0415161,"edge":"DMAX","lead":"DMAX"}},"relative":{"DMAX":{"on":"IVV","beta":0.17223203,"r2":0.87056543,"alpha":0.00483392,"alphaT":0.63056617,"alphaLow":-0.01039365,"alphaHigh":0.02006149,"upsideCapture":0.15066024,"downsideCapture":0.16346248,"treynor":0.16199137,"trackingError":0.12655022,"informationRatio":-0.83780921,"upWeeks":52,"downWeeks":41,"treynorReference":0.13392504,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"IVV","lead":"IVV"},"downsideCapture":{"edge":"DMAX","lead":"DMAX"},"treynor":{"edge":"DMAX","lead":"DMAX"},"informationRatio":{"edge":null,"lead":"IVV","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"DMAX":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":93,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.12805025}},"IVV":{"kept":"2026-10-26","distributions":7,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":93,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.33615353}}}}