{"schemaVersion":1,"ticker":"FEBM","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/febm/","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, FEBM against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/febm/"},"benchmark":{"ticker":"SPY","name":"State Street® SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"FEBM","b":"SPY","window":{"from":"2025-03-07","to":"2026-10-23","firstReturn":"2025-03-14","weeklyReturns":85,"years":1.63,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03960562,"perWeek":0.0007616466,"days":409,"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":0.11044344,"b":0.34546587,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.06618635,"b":0.19905681,"edge":"SPY","lead":"SPY"},"price":{"a":0.11044344,"b":0.31957564,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.02545174,"b":0.152715,"edge":"FEBM","lead":"FEBM"},"downsideDeviation":{"a":0.01587756,"b":0.10003916,"edge":"FEBM","lead":"FEBM"},"maxDrawdown":{"a":-0.0158505,"b":-0.12001831,"edge":"FEBM","lead":"FEBM","aPeak":"2025-03-07","aTrough":"2025-04-04","bPeak":"2025-03-07","bTrough":"2025-04-04"},"excess":{"a":0.02484167,"b":0.15383572,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.97603029,"b":1.00733862,"edge":"SPY (slight)","lead":"SPY"},"sortino":{"a":1.56457729,"b":1.53775499,"edge":"Tie"},"calmar":{"a":4.17566295,"b":1.65855368,"edge":"FEBM","lead":"FEBM"}},"relative":{"FEBM":{"on":"SPY","beta":0.15828175,"r2":0.90196579,"alpha":0.00049228,"alphaT":0.07774471,"alphaLow":-0.01210193,"alphaHigh":0.0130865,"upsideCapture":0.13969808,"downsideCapture":0.15620516,"treynor":0.1569459,"trackingError":0.12878979,"informationRatio":-1.00158599,"upWeeks":49,"downWeeks":36,"treynorReference":0.15383572,"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":"FEBM","lead":"FEBM"},"treynor":{"edge":"Tie"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"FEBM":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":85,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.11044344}},"SPY":{"kept":"2026-10-26","distributions":7,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":85,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.34546587}}}}