{"schemaVersion":1,"ticker":"HDG","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/hdg/","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, HDG against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/hdg/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"HDG","b":"VOO","window":{"from":"2011-07-22","to":"2026-10-30","firstReturn":"2011-07-29","weeklyReturns":797,"years":15.27,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.01681346,"perWeek":0.0003233357,"days":3820,"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":0.51927025,"b":6.40544838,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.02766299,"b":0.13955053,"edge":"VOO","lead":"VOO"},"price":{"a":0.32790623,"b":4.64427295,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.06283912,"b":0.16093741,"edge":"HDG","lead":"HDG"},"downsideDeviation":{"a":0.04513728,"b":0.11130652,"edge":"HDG","lead":"HDG"},"maxDrawdown":{"a":-0.15006049,"b":-0.31777419,"edge":"HDG","lead":"HDG","aPeak":"2021-11-05","aTrough":"2022-09-30","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.01245736,"b":0.12701511,"edge":"VOO","lead":"VOO"},"sharpe":{"a":0.19824207,"b":0.78922056,"edge":"VOO","lead":"VOO"},"sortino":{"a":0.27598818,"b":1.14112912,"edge":"VOO","lead":"VOO"},"calmar":{"a":0.18434561,"b":0.43915,"edge":"VOO","lead":"VOO"}},"relative":{"HDG":{"on":"VOO","beta":0.33509937,"r2":0.73654803,"alpha":-0.03010533,"alphaT":-3.63018068,"alphaLow":-0.04638422,"alphaHigh":-0.01382643,"upsideCapture":0.22973444,"downsideCapture":0.45054522,"treynor":0.03717511,"trackingError":0.11176264,"informationRatio":-1.02500939,"upWeeks":469,"downWeeks":327,"treynorReference":0.12701511,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"VOO","lead":"VOO"},"alphaRange":{"edge":null},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"HDG","lead":"HDG"},"treynor":{"edge":"VOO","lead":"VOO"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"HDG":{"kept":"2026-11-01","distributions":27,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":797,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.51927025}},"VOO":{"kept":"2026-11-01","distributions":61,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-10","amount":1.178,"vendor":1.120751}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":797,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":6.40544838}}}}