{"schemaVersion":1,"ticker":"HECA","asOf":"2026-10-30","desk":"core","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/heca/","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, HECA against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/heca/"},"benchmark":{"ticker":null,"name":"its own holdings","tier":2,"kind":"holdings","basisOnPage":null,"basisHere":"total"},"stated":{"index":"S&P 500 Index","namedIn":"its shareholder report","status":"priced","via":"VOO","r2":0.1498,"oneYear":{"from":"2025-10-30","to":"2026-10-30","fund":-4.35929215,"ref":12.41511385,"gap":-16.774406}},"absent":"its benchmark is its own holdings, which has no weekly price series","notMeasured":"own holdings","secondary":{"benchmark":{"ticker":"VOO","name":"S&P 500 Index","namedIn":"its shareholder report","role":"secondary","basisHere":"total"},"kind":"benchmark","a":"HECA","b":"VOO","window":{"from":"2025-07-11","to":"2026-10-30","firstReturn":"2025-07-18","weeklyReturns":68,"years":1.3,"short":true,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.03866463,"perWeek":0.0007435507,"days":328,"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":0.08115152,"b":0.22966526,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.06148351,"b":0.17127959,"edge":"VOO","lead":"VOO"},"price":{"a":0.05982824,"b":0.21211751,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.09710657,"b":0.11556253,"edge":"HECA","lead":"HECA"},"downsideDeviation":{"a":0.06503236,"b":0.06902755,"edge":"HECA (slight)","lead":"HECA"},"maxDrawdown":{"a":-0.12999345,"b":-0.08377998,"edge":"VOO","lead":"VOO","aPeak":"2026-02-13","aTrough":"2026-10-30","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.02567185,"b":0.1262134,"edge":"VOO","lead":"VOO"},"sharpe":{"a":0.2643678,"b":1.09216535,"edge":"VOO","lead":"VOO"},"sortino":{"a":0.394755,"b":1.82844972,"edge":"VOO","lead":"VOO"},"calmar":{"a":0.47297392,"b":2.04439752,"edge":"VOO","lead":"VOO"}},"relative":{"HECA":{"on":"VOO","beta":0.17329939,"r2":0.04253349,"alpha":0.00379914,"alphaT":0.04486062,"alphaLow":-0.16528539,"alphaHigh":0.17288368,"upsideCapture":0.19452655,"downsideCapture":0.2300454,"treynor":0.14813583,"trackingError":0.13474295,"informationRatio":-0.74617298,"upWeeks":40,"downWeeks":28,"treynorReference":0.1262134,"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":"HECA","lead":"HECA"},"treynor":{"edge":"HECA","lead":"HECA"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"HECA":{"kept":"2026-11-01","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":68,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.08115152}},"VOO":{"kept":"2026-11-01","distributions":5,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":68,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.22966526}}}}}