{"schemaVersion":1,"ticker":"GIAX","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/giax/","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, GIAX against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/giax/"},"benchmark":{"ticker":"SPY","name":"S&P 500 (SPY)","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":0.0,"date":"2026-10-05","url":"https://nicholasx.com/wp-content/uploads/GIAX%20Documents/GIAX%2019a-1%20Notice%20%28Payable%20Date%2010.5.26%29%20Final.pdf"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":70.2,"from":"2025-10-31","to":"2026-10-05","notices":45,"distributions":49,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","returnOfCapital":99.55,"fiscalYearEnd":"2025-10-31","filed":"2026-01-09","url":"https://www.sec.gov/Archives/edgar/data/1924868/000199937126000582/xfunds_ncsr-103125.htm"}},"kind":"benchmark","a":"GIAX","b":"SPY","window":{"from":"2024-08-09","to":"2026-10-23","firstReturn":"2024-08-16","weeklyReturns":115,"years":2.2,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04117822,"perWeek":0.0007918889,"days":551,"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":0.29868797,"b":0.46315187,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.12544407,"b":0.18778971,"edge":"SPY","lead":"SPY"},"price":{"a":-0.24267013,"b":0.42586165,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.20466845,"b":0.15110785,"edge":"SPY","lead":"SPY"},"downsideDeviation":{"a":0.13687604,"b":0.09817761,"edge":"SPY","lead":"SPY"},"maxDrawdown":{"a":-0.18349213,"b":-0.16877308,"edge":"SPY (slight)","lead":"SPY","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.09789669,"b":0.14255342,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.47831843,"b":0.94338858,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.71522153,"b":1.45199515,"edge":"SPY","lead":"SPY"},"calmar":{"a":0.68364824,"b":1.11267573,"edge":"SPY","lead":"SPY"}},"relative":{"GIAX":{"on":"SPY","beta":1.14440758,"r2":0.71389394,"alpha":-0.06524252,"alphaT":-0.87484933,"alphaLow":-0.21299048,"alphaHigh":0.08250544,"upsideCapture":1.15674514,"downsideCapture":1.18975909,"treynor":0.08554355,"trackingError":0.11162844,"informationRatio":-0.40004795,"upWeeks":66,"downWeeks":49,"treynorReference":0.14255342,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"GIAX","lead":"GIAX"},"downsideCapture":{"edge":"SPY","lead":"SPY"},"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":{"GIAX":{"kept":"2026-10-26","distributions":63,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":115,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.29868797}},"SPY":{"kept":"2026-10-26","distributions":9,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":115,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.46315187}}}}