{"schemaVersion":1,"ticker":"FNOV","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/fnov/","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, FNOV against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/fnov/"},"benchmark":{"ticker":"SPY","name":"State Street® SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"FNOV","b":"SPY","window":{"from":"2019-11-29","to":"2026-10-23","firstReturn":"2019-12-06","weeklyReturns":360,"years":6.9,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.02920997,"perWeek":0.0005617301,"days":1726,"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":0.95954516,"b":1.67380195,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10204723,"b":0.15264732,"edge":"SPY","lead":"SPY"},"price":{"a":0.95954516,"b":1.41789953,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.1247994,"b":0.1870749,"edge":"FNOV","lead":"FNOV"},"downsideDeviation":{"a":0.08679883,"b":0.12885621,"edge":"FNOV","lead":"FNOV"},"maxDrawdown":{"a":-0.22603697,"b":-0.3181115,"edge":"FNOV","lead":"FNOV","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.07585444,"b":0.13064054,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.60781094,"b":0.69833281,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.87391084,"b":1.01384746,"edge":"SPY","lead":"SPY"},"calmar":{"a":0.45146255,"b":0.47985478,"edge":"SPY (slight)","lead":"SPY"}},"relative":{"FNOV":{"on":"SPY","beta":0.64649024,"r2":0.93913927,"alpha":-0.00860339,"alphaT":-0.73080255,"alphaLow":-0.0317554,"alphaHigh":0.01454861,"upsideCapture":0.50617378,"downsideCapture":0.71005236,"treynor":0.11733269,"trackingError":0.07294825,"informationRatio":-0.75102697,"upWeeks":204,"downWeeks":156,"treynorReference":0.13064054,"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":"FNOV","lead":"FNOV"},"treynor":{"edge":"SPY","lead":"SPY"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"FNOV":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":360,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.95954516}},"SPY":{"kept":"2026-10-26","distributions":28,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-20","amount":1.405559,"vendor":1.468475}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":360,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.67380195}}}}