{"schemaVersion":1,"ticker":"MMAX","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/mmax/","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, MMAX against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/mmax/"},"benchmark":{"ticker":"IVV","name":"iShares Core S&P 500 ETF","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"MMAX","b":"IVV","window":{"from":"2025-04-11","to":"2026-10-23","firstReturn":"2025-04-17","weeklyReturns":80,"years":1.53,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03938516,"perWeek":0.0007574069,"days":384,"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":0.11958699,"b":0.44694136,"edge":"IVV","lead":"IVV"},"annualised":{"a":0.07618665,"b":0.2714319,"edge":"IVV","lead":"IVV"},"price":{"a":0.10505213,"b":0.4213751,"edge":"IVV","lead":"IVV"},"volatility":{"a":0.01596102,"b":0.12883488,"edge":"MMAX","lead":"MMAX"},"downsideDeviation":{"a":0.00743737,"b":0.06924383,"edge":"MMAX","lead":"MMAX"},"maxDrawdown":{"a":-0.00380112,"b":-0.08377715,"edge":"MMAX","lead":"MMAX","aPeak":"2025-04-11","aTrough":"2025-04-17","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.03421602,"b":0.20943368,"edge":"IVV","lead":"IVV"},"sharpe":{"a":2.1437235,"b":1.62559764,"edge":"MMAX","lead":"MMAX"},"sortino":{"a":4.60055142,"b":3.02458261,"edge":"MMAX","lead":"MMAX"},"calmar":{"a":20.04319553,"b":3.23992762,"edge":"MMAX","lead":"MMAX"}},"relative":{"MMAX":{"on":"IVV","beta":0.10494106,"r2":0.71752389,"alpha":0.01223783,"alphaT":1.73393603,"alphaLow":-0.00181323,"alphaHigh":0.02628889,"upsideCapture":0.10774773,"downsideCapture":0.01875928,"treynor":0.32604988,"trackingError":0.11562641,"informationRatio":-1.51537741,"upWeeks":47,"downWeeks":33,"treynorReference":0.20943368,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"IVV","lead":"IVV"},"downsideCapture":{"edge":"MMAX","lead":"MMAX"},"treynor":{"edge":"MMAX","lead":"MMAX"},"informationRatio":{"edge":null,"lead":"IVV","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"MMAX":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":80,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.11958699}},"IVV":{"kept":"2026-10-26","distributions":6,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":80,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.44694136}}}}