{"schemaVersion":1,"ticker":"NIKL","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/nikl/","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, NIKL against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/nikl/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Total Return Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"NIKL","b":"VOO","window":{"from":"2023-03-31","to":"2026-10-23","firstReturn":"2023-04-06","weeklyReturns":186,"years":3.56,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04596962,"perWeek":0.0008840311,"days":892,"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":-0.35819796,"b":0.94471848,"edge":"VOO","lead":"VOO"},"annualised":{"a":-0.11660458,"b":0.20435813,"edge":"VOO","lead":"VOO"},"price":{"a":-0.49649559,"b":0.85757971,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.33285933,"b":0.13718099,"edge":"VOO","lead":"VOO"},"downsideDeviation":{"a":0.24794993,"b":0.08780763,"edge":"VOO","lead":"VOO"},"maxDrawdown":{"a":-0.56179915,"b":-0.1668507,"edge":"VOO","lead":"VOO","aPeak":"2023-07-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":-0.11406033,"b":0.14967565,"edge":"VOO","lead":"VOO"},"sharpe":{"a":-0.34266826,"b":1.0910816,"edge":"VOO","lead":"VOO"},"sortino":{"a":-0.46001355,"b":1.704586,"edge":"VOO","lead":"VOO"},"calmar":{"a":-0.20755563,"b":1.22479636,"edge":"VOO","lead":"VOO"}},"relative":{"NIKL":{"on":"VOO","beta":1.07712553,"r2":0.19706024,"alpha":-0.27527979,"alphaT":-1.72110947,"alphaLow":-0.59083826,"alphaHigh":0.04027867,"upsideCapture":0.44835473,"downsideCapture":1.20530514,"treynor":-0.10589326,"trackingError":0.29845254,"informationRatio":-0.88367811,"upWeeks":110,"downWeeks":76,"treynorReference":0.14967565,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"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":{"NIKL":{"kept":"2026-10-26","distributions":3,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":186,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.35819796}},"VOO":{"kept":"2026-10-26","distributions":14,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":186,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.94471848}}}}