{"schemaVersion":1,"ticker":"JAJL","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/jajl/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","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, JAJL against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/jajl/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"JAJL","b":"SPY","window":{"from":"2024-07-12","to":"2026-10-23","firstReturn":"2024-07-19","weeklyReturns":119,"years":2.28,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04158984,"perWeek":0.0007998047,"days":571,"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":0.15296804,"b":0.39260579,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.06417386,"b":0.15571113,"edge":"SPY","lead":"SPY"},"price":{"a":0.15296804,"b":0.35711352,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.0261124,"b":0.15039147,"edge":"JAJL","lead":"JAJL"},"downsideDeviation":{"a":0.01482177,"b":0.09874361,"edge":"JAJL","lead":"JAJL"},"maxDrawdown":{"a":-0.01994922,"b":-0.16877308,"edge":"JAJL","lead":"JAJL","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.02098292,"b":0.11457238,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.8035613,"b":0.76182761,"edge":"JAJL (slight)","lead":"JAJL"},"sortino":{"a":1.41568232,"b":1.16030164,"edge":"JAJL","lead":"JAJL"},"calmar":{"a":3.21686066,"b":0.92260644,"edge":"JAJL","lead":"JAJL"}},"relative":{"JAJL":{"on":"SPY","beta":0.14407229,"r2":0.68851546,"alpha":0.00447621,"alphaT":0.46008569,"alphaLow":-0.01479172,"alphaHigh":0.02374415,"upsideCapture":0.1371865,"downsideCapture":0.13602728,"treynor":0.14564158,"trackingError":0.12954657,"informationRatio":-0.72243871,"upWeeks":67,"downWeeks":52,"treynorReference":0.11457238,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"JAJL","lead":"JAJL"},"treynor":{"edge":"JAJL","lead":"JAJL"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"JAJL":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":119,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.15296804}},"SPY":{"kept":"2026-10-26","distributions":9,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":119,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.39260579}}}}