{"schemaVersion":1,"ticker":"GAPR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/gapr/","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, GAPR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/gapr/"},"benchmark":{"ticker":"SPY","name":"State Street® SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"GAPR","b":"SPY","window":{"from":"2023-05-05","to":"2026-10-23","firstReturn":"2023-05-12","weeklyReturns":181,"years":3.47,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04582837,"perWeek":0.0008813149,"days":867,"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":0.42938707,"b":0.92366395,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10808592,"b":0.20678049,"edge":"SPY","lead":"SPY"},"price":{"a":0.42938707,"b":0.84177108,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.06378788,"b":0.13947403,"edge":"GAPR","lead":"GAPR"},"downsideDeviation":{"a":0.04488874,"b":0.08954074,"edge":"GAPR","lead":"GAPR"},"maxDrawdown":{"a":-0.08163694,"b":-0.16877308,"edge":"GAPR","lead":"GAPR","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.05894624,"b":0.15215195,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.92409782,"b":1.09089806,"edge":"SPY","lead":"SPY"},"sortino":{"a":1.31316328,"b":1.6992483,"edge":"SPY","lead":"SPY"},"calmar":{"a":1.32398305,"b":1.22519831,"edge":"GAPR (slight)","lead":"GAPR"}},"relative":{"GAPR":{"on":"SPY","beta":0.40447608,"r2":0.78216086,"alpha":-0.00259559,"alphaT":-0.16036757,"alphaLow":-0.03453398,"alphaHigh":0.02934281,"upsideCapture":0.3038841,"downsideCapture":0.38049888,"treynor":0.1457348,"trackingError":0.08823462,"informationRatio":-1.05633947,"upWeeks":107,"downWeeks":74,"treynorReference":0.15215195,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"GAPR","lead":"GAPR"},"treynor":{"edge":"SPY (slight)","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":{"GAPR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":181,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.42938707}},"SPY":{"kept":"2026-10-26","distributions":14,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":181,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.92366395}}}}