{"schemaVersion":1,"ticker":"DRES","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/dres/","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, DRES against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/dres/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"DRES","b":"VOO","window":{"from":"2025-10-10","to":"2026-10-23","firstReturn":"2025-10-17","weeklyReturns":54,"years":1.03,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03790656,"perWeek":0.0007289724,"days":259,"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":0.20814991,"b":0.17679632,"edge":"DRES","lead":"DRES"},"annualised":{"a":0.19971838,"b":0.16972221,"edge":"DRES","lead":"DRES"},"price":{"a":0.19946675,"b":0.16331119,"edge":"DRES","lead":"DRES"},"volatility":{"a":0.15180637,"b":0.11976394,"edge":"VOO","lead":"VOO"},"downsideDeviation":{"a":0.08837252,"b":0.06896843,"edge":"VOO","lead":"VOO"},"maxDrawdown":{"a":-0.10319574,"b":-0.08377998,"edge":"VOO","lead":"VOO","aPeak":"2026-02-20","aTrough":"2026-03-20","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.15569859,"b":0.12608203,"edge":"DRES","lead":"DRES"},"sharpe":{"a":1.02563942,"b":1.0527545,"edge":"VOO (slight)","lead":"VOO"},"sortino":{"a":1.76184409,"b":1.82811225,"edge":"VOO (slight)","lead":"VOO"},"calmar":{"a":1.93533553,"b":2.02580863,"edge":"VOO (slight)","lead":"VOO"}},"relative":{"DRES":{"on":"VOO","beta":0.43490311,"r2":0.11772189,"alpha":0.10086513,"alphaT":0.7063863,"alphaLow":-0.18566462,"alphaHigh":0.38739487,"upsideCapture":0.33973453,"downsideCapture":-0.01416955,"treynor":0.35800754,"trackingError":0.15783724,"informationRatio":0.18763991,"upWeeks":31,"downWeeks":23,"treynorReference":0.12608203,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"DRES","lead":"DRES"},"treynor":{"edge":"DRES","lead":"DRES"},"informationRatio":{"edge":null,"lead":"DRES","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"DRES":{"kept":"2026-10-26","distributions":4,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":54,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.20814991}},"VOO":{"kept":"2026-10-26","distributions":4,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":54,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.17679632}}}}