{"schemaVersion":1,"ticker":"FEBW","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/febw/","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, FEBW against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/febw/"},"benchmark":{"ticker":"SPY","name":"SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"FEBW","b":"SPY","window":{"from":"2023-02-10","to":"2026-10-23","firstReturn":"2023-02-17","weeklyReturns":193,"years":3.7,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04605346,"perWeek":0.0008856434,"days":926,"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":0.4539251,"b":0.95281612,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10609826,"b":0.19760308,"edge":"SPY","lead":"SPY"},"price":{"a":0.4516793,"b":0.86248897,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.05840043,"b":0.13998087,"edge":"FEBW","lead":"FEBW"},"downsideDeviation":{"a":0.03908709,"b":0.09123532,"edge":"FEBW","lead":"FEBW"},"maxDrawdown":{"a":-0.0762496,"b":-0.16877308,"edge":"FEBW","lead":"FEBW","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.05658102,"b":0.14434545,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.96884582,"b":1.03117985,"edge":"SPY (slight)","lead":"SPY"},"sortino":{"a":1.4475628,"b":1.58212248,"edge":"SPY (slight)","lead":"SPY"},"calmar":{"a":1.39145984,"b":1.17082108,"edge":"FEBW","lead":"FEBW"}},"relative":{"FEBW":{"on":"SPY","beta":0.39202974,"r2":0.88296454,"alpha":-6.69e-06,"alphaT":-0.00063728,"alphaLow":-0.02072521,"alphaHigh":0.02071182,"upsideCapture":0.31380617,"downsideCapture":0.39801166,"treynor":0.14432838,"trackingError":0.0874179,"informationRatio":-1.00396419,"upWeeks":113,"downWeeks":80,"treynorReference":0.14434545,"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":"FEBW","lead":"FEBW"},"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":{"FEBW":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":10,"agree":10},"vendor":{"weeks":193,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.4539251}},"SPY":{"kept":"2026-10-26","distributions":15,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":193,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.95281612}}}}