{"schemaVersion":1,"ticker":"HEQT","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/heqt/","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, HEQT against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/heqt/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"HEQT","b":"VOO","window":{"from":"2021-11-12","to":"2026-10-30","firstReturn":"2021-11-19","weeklyReturns":259,"years":4.96,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.0397108,"perWeek":0.0007636692,"days":1241,"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":0.52354515,"b":0.73472542,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.08820888,"b":0.11694267,"edge":"VOO","lead":"VOO"},"price":{"a":0.35460661,"b":0.61745466,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.07968034,"b":0.16226545,"edge":"HEQT","lead":"HEQT"},"downsideDeviation":{"a":0.05393799,"b":0.1088583,"edge":"HEQT","lead":"HEQT"},"maxDrawdown":{"a":-0.11103941,"b":-0.23914698,"edge":"HEQT","lead":"HEQT","aPeak":"2021-12-31","aTrough":"2022-06-17","bPeak":"2021-12-31","bTrough":"2022-09-30"},"excess":{"a":0.04805281,"b":0.08410987,"edge":"VOO","lead":"VOO"},"sharpe":{"a":0.60306993,"b":0.51834736,"edge":"HEQT","lead":"HEQT"},"sortino":{"a":0.89088992,"b":0.77265461,"edge":"HEQT","lead":"HEQT"},"calmar":{"a":0.79439256,"b":0.48899916,"edge":"HEQT","lead":"HEQT"}},"relative":{"HEQT":{"on":"VOO","beta":0.46150841,"r2":0.88330164,"alpha":0.0092354,"alphaT":0.75379601,"alphaLow":-0.01489142,"alphaHigh":0.03336223,"upsideCapture":0.40540547,"downsideCapture":0.55727126,"treynor":0.10412121,"trackingError":0.0915201,"informationRatio":-0.39397959,"upWeeks":142,"downWeeks":117,"treynorReference":0.08410987,"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":"HEQT","lead":"HEQT"},"treynor":{"edge":"HEQT","lead":"HEQT"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"HEQT":{"kept":"2026-11-01","distributions":18,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":259,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.52354515}},"VOO":{"kept":"2026-11-01","distributions":20,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":259,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.73472542}}}}