{"schemaVersion":1,"ticker":"HEQQ","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/heqq/","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, HEQQ against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/heqq/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"HEQQ","b":"VOO","window":{"from":"2025-04-04","to":"2026-10-30","firstReturn":"2025-04-11","weeklyReturns":82,"years":1.57,"short":true,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.03945381,"perWeek":0.0007587271,"days":394,"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":0.28544285,"b":0.51880418,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.17261492,"b":0.30346295,"edge":"VOO","lead":"VOO"},"price":{"a":0.28184353,"b":0.49254597,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.09174994,"b":0.13231081,"edge":"HEQQ","lead":"HEQQ"},"downsideDeviation":{"a":0.05098322,"b":0.06754348,"edge":"HEQQ","lead":"HEQQ"},"maxDrawdown":{"a":-0.06326002,"b":-0.08377998,"edge":"HEQQ","lead":"HEQQ","aPeak":"2026-01-30","aTrough":"2026-03-27","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.12415698,"b":0.23479603,"edge":"VOO","lead":"VOO"},"sharpe":{"a":1.35321052,"b":1.77457933,"edge":"VOO","lead":"VOO"},"sortino":{"a":2.43525175,"b":3.47622033,"edge":"VOO","lead":"VOO"},"calmar":{"a":2.7286575,"b":3.62214155,"edge":"VOO","lead":"VOO"}},"relative":{"HEQQ":{"on":"VOO","beta":0.62882868,"r2":0.82232555,"alpha":-0.0234895,"alphaT":-0.73577067,"alphaLow":-0.08702232,"alphaHigh":0.04004333,"upsideCapture":0.54116351,"downsideCapture":0.74965909,"treynor":0.19744166,"trackingError":0.0625097,"informationRatio":-1.76995008,"upWeeks":48,"downWeeks":34,"treynorReference":0.23479603,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"HEQQ","lead":"HEQQ"},"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":{"HEQQ":{"kept":"2026-11-01","distributions":6,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":10,"agree":10},"vendor":{"weeks":82,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.28544285}},"VOO":{"kept":"2026-11-01","distributions":6,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":82,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.51880418}}}}