{"schemaVersion":1,"ticker":"METL","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/metl/","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, METL against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/metl/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Total Return Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"METL","b":"VOO","window":{"from":"2025-09-19","to":"2026-10-23","firstReturn":"2025-09-26","weeklyReturns":57,"years":1.09,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03799635,"perWeek":0.000730699,"days":274,"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":0.05809163,"b":0.15841201,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.05286361,"b":0.14356546,"edge":"VOO","lead":"VOO"},"price":{"a":0.04719541,"b":0.14188107,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.40415388,"b":0.11976789,"edge":"VOO","lead":"VOO"},"downsideDeviation":{"a":0.27184627,"b":0.07125481,"edge":"VOO","lead":"VOO"},"maxDrawdown":{"a":-0.32185025,"b":-0.08377998,"edge":"VOO","lead":"VOO","aPeak":"2026-01-23","aTrough":"2026-10-23","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.09350832,"b":0.10332567,"edge":"VOO (slight)","lead":"VOO"},"sharpe":{"a":0.23136811,"b":0.86271592,"edge":"VOO","lead":"VOO"},"sortino":{"a":0.343975,"b":1.45008704,"edge":"VOO","lead":"VOO"},"calmar":{"a":0.16424908,"b":1.71360101,"edge":"VOO","lead":"VOO"}},"relative":{"METL":{"on":"VOO","beta":1.9234812,"r2":0.3249101,"alpha":-0.10523666,"alphaT":-0.32645392,"alphaLow":-0.75126655,"alphaHigh":0.54079322,"upsideCapture":1.20403107,"downsideCapture":1.31256705,"treynor":0.04861411,"trackingError":0.35000363,"informationRatio":-0.02804928,"upWeeks":32,"downWeeks":25,"treynorReference":0.10332567,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"METL","lead":"METL"},"downsideCapture":{"edge":"VOO","lead":"VOO"},"treynor":{"edge":"VOO","lead":"VOO"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"METL":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":57,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.05809163}},"VOO":{"kept":"2026-10-26","distributions":5,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":57,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.15841201}}}}