{"schemaVersion":1,"ticker":"LUMA","asOf":"2026-11-09","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/luma/","methodology":"https://etfiq.com/methodology/","as_of":"2026-11-09","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, LUMA against its benchmark, data as of 2026-11-09, https://etfiq.com/funds/luma/"},"benchmark":{"ticker":"EEM","name":"MSCI Emerging Markets Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"LUMA","b":"EEM","window":{"from":"2026-07-24","to":"2026-11-06","firstReturn":"2026-07-31","weeklyReturns":15,"years":0.29,"short":true,"weekEnding":"2026-11-08","cumulativeOnly":"15 weekly returns, 2026-07-24 to 2026-11-06: cumulative numbers only, nothing annualised"},"riskFree":{"rate":0.03995541,"perWeek":0.0007683732,"days":74,"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":-0.27663528,"b":-0.06316122,"edge":"EEM","lead":"EEM"},"annualised":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"},"price":{"a":-0.27663528,"b":-0.06316122,"edge":"EEM","lead":"EEM"},"volatility":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"},"downsideDeviation":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"},"maxDrawdown":{"a":-0.40483333,"b":-0.1363901,"edge":"EEM","lead":"EEM","aPeak":"2026-10-02","aTrough":"2026-11-06","bPeak":"2026-09-04","bTrough":"2026-11-06"},"excess":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"},"sharpe":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"},"sortino":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"},"calmar":{"a":null,"b":null,"absent":"15 weekly returns, under the 52 an annualised number needs"}},"relative":{"LUMA":{"on":"EEM","beta":3.01170197,"r2":0.52663545,"alpha":null,"alphaT":null,"alphaLow":null,"alphaHigh":null,"upsideCapture":null,"downsideCapture":null,"treynor":null,"trackingError":null,"informationRatio":null,"upWeeks":7,"downWeeks":8,"absent":"15 weekly returns: alpha, Treynor, the captures, tracking error and the information ratio need 52","edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true}}}},"sources":{"LUMA":{"kept":"2026-11-10","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":1,"agree":1},"vendor":{"weeks":15,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.27663528}},"EEM":{"kept":"2026-11-10","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":15,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.06316122}}}}