{"schemaVersion":1,"ticker":"HFEQ","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/hfeq/","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, HFEQ against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/hfeq/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Total Return Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"HFEQ","b":"VOO","window":{"from":"2025-07-25","to":"2026-10-30","firstReturn":"2025-08-01","weeklyReturns":66,"years":1.26,"short":true,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.03851164,"perWeek":0.0007406084,"days":318,"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":0.22193275,"b":0.20371038,"edge":"HFEQ (slight)","lead":"HFEQ"},"annualised":{"a":0.17106965,"b":0.15728834,"edge":"HFEQ (slight)","lead":"HFEQ"},"price":{"a":0.10721495,"b":0.18653301,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.18620923,"b":0.11679925,"edge":"VOO","lead":"VOO"},"downsideDeviation":{"a":0.12155493,"b":0.07005408,"edge":"VOO","lead":"VOO"},"maxDrawdown":{"a":-0.11552465,"b":-0.08377998,"edge":"VOO","lead":"VOO","aPeak":"2026-02-20","aTrough":"2026-03-27","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.13670426,"b":0.11445048,"edge":"HFEQ","lead":"HFEQ"},"sharpe":{"a":0.7341433,"b":0.97989055,"edge":"VOO","lead":"VOO"},"sortino":{"a":1.12462951,"b":1.63374462,"edge":"VOO","lead":"VOO"},"calmar":{"a":1.48080643,"b":1.8773977,"edge":"VOO","lead":"VOO"}},"relative":{"HFEQ":{"on":"VOO","beta":1.3205174,"r2":0.68606602,"alpha":-0.01442959,"alphaT":-0.1531805,"alphaLow":-0.20261551,"alphaHigh":0.17375633,"upsideCapture":1.44215521,"downsideCapture":1.25753472,"treynor":0.10352326,"trackingError":0.11084574,"informationRatio":0.20076354,"upWeeks":38,"downWeeks":28,"treynorReference":0.11445048,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"HFEQ","lead":"HFEQ"},"downsideCapture":{"edge":"VOO","lead":"VOO"},"treynor":{"edge":"VOO (slight)","lead":"VOO"},"informationRatio":{"edge":null,"lead":"HFEQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"HFEQ":{"kept":"2026-11-01","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":66,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.22193275}},"VOO":{"kept":"2026-11-01","distributions":5,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":66,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.20371038}}}}