{"schemaVersion":1,"ticker":"FHEQ","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/fheq/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-30","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, FHEQ against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/fheq/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"FHEQ","b":"VOO","window":{"from":"2024-04-19","to":"2026-10-30","firstReturn":"2024-04-26","weeklyReturns":132,"years":2.53,"short":true,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.04269179,"perWeek":0.0008209959,"days":633,"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":0.38891245,"b":0.5744055,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.13816507,"b":0.19578195,"edge":"VOO","lead":"VOO"},"price":{"a":0.36577708,"b":0.5267194,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.10774358,"b":0.14410017,"edge":"FHEQ","lead":"FHEQ"},"downsideDeviation":{"a":0.06728396,"b":0.09309207,"edge":"FHEQ","lead":"FHEQ"},"maxDrawdown":{"a":-0.10503453,"b":-0.1668507,"edge":"FHEQ","lead":"FHEQ","aPeak":"2024-12-06","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.09262352,"b":0.14674559,"edge":"VOO","lead":"VOO"},"sharpe":{"a":0.85966632,"b":1.01835824,"edge":"VOO","lead":"VOO"},"sortino":{"a":1.37660623,"b":1.57634898,"edge":"VOO","lead":"VOO"},"calmar":{"a":1.31542516,"b":1.17339604,"edge":"FHEQ","lead":"FHEQ"}},"relative":{"FHEQ":{"on":"VOO","beta":0.71219471,"r2":0.9072849,"alpha":-0.01188791,"alphaT":-0.56942934,"alphaLow":-0.05319033,"alphaHigh":0.02941451,"upsideCapture":0.70354412,"downsideCapture":0.86329728,"treynor":0.13005365,"trackingError":0.05287998,"informationRatio":-1.02348888,"upWeeks":77,"downWeeks":55,"treynorReference":0.14674559,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"FHEQ","lead":"FHEQ"},"treynor":{"edge":"VOO","lead":"VOO"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"FHEQ":{"kept":"2026-11-01","distributions":10,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":132,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.38891245}},"VOO":{"kept":"2026-11-01","distributions":10,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":132,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.5744055}}}}