{"schemaVersion":1,"ticker":"FDEC","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/fdec/","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, FDEC against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/fdec/"},"benchmark":{"ticker":"SPY","name":"State Street® SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"FDEC","b":"SPY","window":{"from":"2020-12-31","to":"2026-10-23","firstReturn":"2021-01-08","weeklyReturns":303,"years":5.81,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03381671,"perWeek":0.0006503214,"days":1454,"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":0.82737804,"b":1.19505955,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.1090069,"b":0.14445322,"edge":"SPY","lead":"SPY"},"price":{"a":0.82737804,"b":1.03265754,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.1013954,"b":0.15680133,"edge":"FDEC","lead":"FDEC"},"downsideDeviation":{"a":0.06680955,"b":0.10385213,"edge":"FDEC","lead":"FDEC"},"maxDrawdown":{"a":-0.15330087,"b":-0.23927987,"edge":"FDEC","lead":"FDEC","aPeak":"2021-12-31","aTrough":"2022-10-14","bPeak":"2021-12-31","bTrough":"2022-09-30"},"excess":{"a":0.07486872,"b":0.11353469,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.73838376,"b":0.72406713,"edge":"Tie"},"sortino":{"a":1.12062895,"b":1.09323409,"edge":"FDEC (slight)","lead":"FDEC"},"calmar":{"a":0.7110651,"b":0.60369985,"edge":"FDEC","lead":"FDEC"}},"relative":{"FDEC":{"on":"SPY","beta":0.62169185,"r2":0.92430077,"alpha":0.00428513,"alphaT":0.36831005,"alphaLow":-0.01861026,"alphaHigh":0.02718051,"upsideCapture":0.50884371,"downsideCapture":0.66229408,"treynor":0.12042737,"trackingError":0.06555178,"informationRatio":-0.58985388,"upWeeks":170,"downWeeks":133,"treynorReference":0.11353469,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"FDEC","lead":"FDEC"},"treynor":{"edge":"FDEC (slight)","lead":"FDEC"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"FDEC":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":303,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.82737804}},"SPY":{"kept":"2026-10-26","distributions":23,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":303,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.19505955}}}}