{"schemaVersion":1,"ticker":"NBOS","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/nbos/","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, NBOS against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/nbos/"},"benchmark":{"ticker":"SPY","name":"S&P 500 (SPY)","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate","status":"not-read"},"final":{"label":"annual report (Form N-CSR), final tax character","returnOfCapital":20.77,"fiscalYearEnd":"2025-08-31","filed":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/1506001/000089843225000853/nbetft_ncsr-100combined.htm"}},"kind":"benchmark","a":"NBOS","b":"SPY","window":{"from":"2024-02-09","to":"2026-10-23","firstReturn":"2024-02-16","weeklyReturns":141,"years":2.7,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04349438,"perWeek":0.0008364304,"days":676,"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":0.37913542,"b":0.56586614,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.12586479,"b":0.1798435,"edge":"SPY","lead":"SPY"},"price":{"a":0.11122347,"b":0.51630088,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.08298369,"b":0.14322259,"edge":"NBOS","lead":"NBOS"},"downsideDeviation":{"a":0.06178757,"b":0.09359729,"edge":"NBOS","lead":"NBOS"},"maxDrawdown":{"a":-0.11167646,"b":-0.16877308,"edge":"NBOS","lead":"NBOS","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.07865721,"b":0.13236354,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.94786346,"b":0.9241806,"edge":"NBOS (slight)","lead":"NBOS"},"sortino":{"a":1.27302645,"b":1.41418135,"edge":"SPY (slight)","lead":"SPY"},"calmar":{"a":1.12704855,"b":1.06559352,"edge":"NBOS (slight)","lead":"NBOS"}},"relative":{"NBOS":{"on":"SPY","beta":0.5303626,"r2":0.83788303,"alpha":0.00845653,"alphaT":0.41188294,"alphaLow":-0.03213769,"alphaHigh":0.04905075,"upsideCapture":0.42936949,"downsideCapture":0.52036413,"treynor":0.14830836,"trackingError":0.07510429,"informationRatio":-0.71509019,"upWeeks":80,"downWeeks":61,"treynorReference":0.13236354,"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":"NBOS","lead":"NBOS"},"treynor":{"edge":"NBOS","lead":"NBOS"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"NBOS":{"kept":"2026-10-26","distributions":31,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":141,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.37913542}},"SPY":{"kept":"2026-10-26","distributions":11,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":141,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.56586614}}}}