{"schemaVersion":1,"ticker":"JULM","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/julm/","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, JULM against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/julm/"},"benchmark":{"ticker":"SPY","name":"State Street® SPDR® S&P 500® ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"JULM","b":"SPY","window":{"from":"2024-08-02","to":"2026-10-23","firstReturn":"2024-08-09","weeklyReturns":116,"years":2.22,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04127734,"perWeek":0.000793795,"days":556,"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":0.15436573,"b":0.46339898,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.0664661,"b":0.18611863,"edge":"SPY","lead":"SPY"},"price":{"a":0.15436573,"b":0.42610246,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.03541833,"b":0.15046629,"edge":"JULM","lead":"JULM"},"downsideDeviation":{"a":0.02346311,"b":0.09776092,"edge":"JULM","lead":"JULM"},"maxDrawdown":{"a":-0.04246387,"b":-0.16877308,"edge":"JULM","lead":"JULM","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.02373503,"b":0.14094612,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.67013416,"b":0.93672888,"edge":"SPY","lead":"SPY"},"sortino":{"a":1.0115894,"b":1.4417429,"edge":"SPY","lead":"SPY"},"calmar":{"a":1.56523868,"b":1.10277441,"edge":"JULM","lead":"JULM"}},"relative":{"JULM":{"on":"SPY","beta":0.21751727,"r2":0.85390527,"alpha":-0.00692318,"alphaT":-0.75409519,"alphaLow":-0.02511023,"alphaHigh":0.01126387,"upsideCapture":0.16099044,"downsideCapture":0.20460265,"treynor":0.10911793,"trackingError":0.11851301,"informationRatio":-0.98901444,"upWeeks":67,"downWeeks":49,"treynorReference":0.14094612,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"JULM","lead":"JULM"},"treynor":{"edge":"SPY","lead":"SPY"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"JULM":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":116,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.15436573}},"SPY":{"kept":"2026-10-26","distributions":9,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":116,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.46339898}}}}