{"schemaVersion":1,"ticker":"MSTW","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/mstw/","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, MSTW against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/mstw/"},"benchmark":{"ticker":"MSTR","name":"MicroStrategy (MSTR)","tier":1,"kind":"stock","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":100.0,"date":"2026-10-27","url":"https://www.roundhillinvestments.com/assets/data/rh_filings/19a-notice-AAPW-COIW-NVDW-PLTW-TSLW-AMZW-METW-BRKW-HOOW-NFLW-AMDW-GOOW-MSFW-AVGW-MSTW-UBEW-BABW-ARMW-COSW-GLDW-GDXW-TSYW-UNHW-10-19-2026.pdf"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":100.0,"from":"2025-10-28","to":"2026-10-20","notices":46,"distributions":53,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","returnOfCapital":100.0,"fiscalYearEnd":"2025-12-31","filed":"2026-03-09","url":"https://www.sec.gov/Archives/edgar/data/1976517/000113322826003392/rnwar-efp22837_ncsr.htm"}},"kind":"benchmark","a":"MSTW","b":"MSTR","window":{"from":"2025-08-01","to":"2026-10-23","firstReturn":"2025-08-08","weeklyReturns":64,"years":1.23,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03838734,"perWeek":0.000738218,"days":308,"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":-0.72271937,"b":-0.60175108,"edge":"MSTR","lead":"MSTR"},"annualised":{"a":-0.64732707,"b":-0.52671187,"edge":"MSTR","lead":"MSTR"},"price":{"a":-0.89848066,"b":-0.60175108,"edge":"MSTR","lead":"MSTR"},"volatility":{"a":0.87062961,"b":0.73376566,"edge":"MSTR","lead":"MSTR"},"downsideDeviation":{"a":0.62227164,"b":0.51803355,"edge":"MSTR","lead":"MSTR"},"maxDrawdown":{"a":-0.86471128,"b":-0.79168881,"edge":"MSTR (slight)","lead":"MSTR","aPeak":"2025-08-08","aTrough":"2026-06-26","bPeak":"2025-08-08","bTrough":"2026-06-26"},"excess":{"a":-0.69773553,"b":-0.51809787,"edge":"MSTR","lead":"MSTR"},"sharpe":{"a":-0.80141488,"b":-0.70608084,"edge":"MSTR","lead":"MSTR"},"sortino":{"a":-1.12127162,"b":-1.00012416,"edge":"MSTR","lead":"MSTR"},"calmar":{"a":-0.74860487,"b":-0.66530164,"edge":"MSTR","lead":"MSTR"}},"relative":{"MSTW":{"on":"MSTR","beta":1.18614902,"r2":0.99937021,"alpha":-0.08319425,"alphaT":-4.17033928,"alphaLow":-0.12307181,"alphaHigh":-0.0433167,"upsideCapture":1.78555626,"downsideCapture":1.01111138,"treynor":-0.58823598,"trackingError":0.13832621,"informationRatio":-1.29865241,"upWeeks":27,"downWeeks":37,"treynorReference":-0.51809787,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"MSTR","lead":"MSTR"},"alphaRange":{"edge":null},"upsideCapture":{"edge":"MSTW","lead":"MSTW"},"downsideCapture":{"edge":"Tie"},"treynor":{"edge":"MSTR","lead":"MSTR"},"informationRatio":{"edge":null,"lead":"MSTR","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"MSTW":{"kept":"2026-10-26","distributions":64,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2025-08-04","amount":0.856739,"vendor":0.799213},{"ex":"2025-08-25","amount":0.40676,"vendor":0.427578},{"ex":"2025-09-29","amount":0.793874,"vendor":0.747462},{"ex":"2025-10-14","amount":0.836939,"vendor":0.885476},{"ex":"2025-12-15","amount":0.241907,"vendor":0.267711},{"ex":"2026-01-20","amount":0.138645,"vendor":0.152215},{"ex":"2026-02-02","amount":0.102756,"vendor":0.111416},{"ex":"2026-05-18","amount":0.153798,"vendor":0.165891}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":64,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.72271937}},"MSTR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":64,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.60175108}}}}