{"schemaVersion":1,"ticker":"FTLS","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/ftls/","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, FTLS against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/ftls/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"FTLS","b":"VOO","window":{"from":"2014-09-19","to":"2026-10-30","firstReturn":"2014-09-26","weeklyReturns":632,"years":12.11,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.0210556,"perWeek":0.0004049153,"days":3029,"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":1.82423779,"b":3.63087767,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.08917953,"b":0.13440927,"edge":"VOO","lead":"VOO"},"price":{"a":1.54648451,"b":2.75857406,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.10196594,"b":0.16476303,"edge":"FTLS","lead":"FTLS"},"downsideDeviation":{"a":0.07331187,"b":0.11469336,"edge":"FTLS","lead":"FTLS"},"maxDrawdown":{"a":-0.19065971,"b":-0.31777419,"edge":"FTLS","lead":"FTLS","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.06966541,"b":0.1188765,"edge":"VOO","lead":"VOO"},"sharpe":{"a":0.68322239,"b":0.72149982,"edge":"VOO (slight)","lead":"VOO"},"sortino":{"a":0.95026103,"b":1.03647241,"edge":"VOO (slight)","lead":"VOO"},"calmar":{"a":0.46774186,"b":0.422971,"edge":"FTLS (slight)","lead":"FTLS"}},"relative":{"FTLS":{"on":"VOO","beta":0.55325236,"r2":0.79920079,"alpha":0.00389671,"alphaT":0.29560211,"alphaLow":-0.02198979,"alphaHigh":0.0297832,"upsideCapture":0.49317406,"downsideCapture":0.66954585,"treynor":0.12591977,"trackingError":0.08663592,"informationRatio":-0.56802175,"upWeeks":368,"downWeeks":263,"treynorReference":0.1188765,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"FTLS","lead":"FTLS"},"treynor":{"edge":"FTLS (slight)","lead":"FTLS"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"FTLS":{"kept":"2026-11-01","distributions":43,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":10,"agree":10},"vendor":{"weeks":632,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.82423779}},"VOO":{"kept":"2026-11-01","distributions":49,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-10","amount":1.178,"vendor":1.120751}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":632,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":3.63087767}}}}