{"schemaVersion":1,"ticker":"FMAR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/fmar/","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, FMAR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/fmar/"},"benchmark":{"ticker":"SPY","name":"State Street® SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"FMAR","b":"SPY","window":{"from":"2021-04-01","to":"2026-10-23","firstReturn":"2021-04-09","weeklyReturns":290,"years":5.56,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03529986,"perWeek":0.0006788434,"days":1392,"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":0.77438843,"b":1.04189908,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10829917,"b":0.13655996,"edge":"SPY","lead":"SPY"},"price":{"a":0.77438843,"b":0.89703203,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.09633214,"b":0.15679393,"edge":"FMAR","lead":"FMAR"},"downsideDeviation":{"a":0.06333406,"b":0.10440276,"edge":"FMAR","lead":"FMAR"},"maxDrawdown":{"a":-0.13474506,"b":-0.23927987,"edge":"FMAR","lead":"FMAR","aPeak":"2022-03-25","aTrough":"2022-10-14","bPeak":"2021-12-31","bTrough":"2022-09-30"},"excess":{"a":0.07224507,"b":0.10511219,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.74995813,"b":0.67038434,"edge":"FMAR","lead":"FMAR"},"sortino":{"a":1.14069858,"b":1.00679516,"edge":"FMAR","lead":"FMAR"},"calmar":{"a":0.80373386,"b":0.57071229,"edge":"FMAR","lead":"FMAR"}},"relative":{"FMAR":{"on":"SPY","beta":0.58768491,"r2":0.91496644,"alpha":0.01047222,"alphaT":0.87506829,"alphaLow":-0.01308228,"alphaHigh":0.03402672,"upsideCapture":0.46067146,"downsideCapture":0.59294599,"treynor":0.12293164,"trackingError":0.0704878,"informationRatio":-0.46628101,"upWeeks":162,"downWeeks":128,"treynorReference":0.10511219,"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":"FMAR","lead":"FMAR"},"treynor":{"edge":"FMAR","lead":"FMAR"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"FMAR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":290,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.77438843}},"SPY":{"kept":"2026-10-26","distributions":22,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":290,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.04189908}}}}