{"schemaVersion":1,"ticker":"NJUL","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/njul/","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, NJUL against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/njul/"},"benchmark":{"ticker":"QQQ","name":"QQQ","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"NJUL","b":"QQQ","window":{"from":"2020-07-10","to":"2026-10-23","firstReturn":"2020-07-17","weeklyReturns":328,"years":6.29,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03133516,"perWeek":0.0006025991,"days":1573,"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":0.82526466,"b":1.76778212,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.10009378,"b":0.1751521,"edge":"QQQ","lead":"QQQ"},"price":{"a":0.82526466,"b":1.66848506,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.10302766,"b":0.21007398,"edge":"NJUL","lead":"NJUL"},"downsideDeviation":{"a":0.0656201,"b":0.13633114,"edge":"NJUL","lead":"NJUL"},"maxDrawdown":{"a":-0.1415783,"b":-0.3505852,"edge":"NJUL","lead":"NJUL","aPeak":"2021-11-19","aTrough":"2022-10-14","bPeak":"2021-11-19","bTrough":"2022-10-14"},"excess":{"a":0.06941584,"b":0.1522388,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":0.67375923,"b":0.72469136,"edge":"QQQ (slight)","lead":"QQQ"},"sortino":{"a":1.05784411,"b":1.11668394,"edge":"QQQ (slight)","lead":"QQQ"},"calmar":{"a":0.70698527,"b":0.49959924,"edge":"NJUL","lead":"NJUL"}},"relative":{"NJUL":{"on":"QQQ","beta":0.45555695,"r2":0.86282404,"alpha":6.239e-05,"alphaT":0.00407961,"alphaLow":-0.03002433,"alphaHigh":0.03014911,"upsideCapture":0.31343696,"downsideCapture":0.55828328,"treynor":0.15237576,"trackingError":0.12057088,"informationRatio":-0.68692343,"upWeeks":187,"downWeeks":141,"treynorReference":0.1522388,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"QQQ","lead":"QQQ"},"downsideCapture":{"edge":"NJUL","lead":"NJUL"},"treynor":{"edge":"Tie"},"informationRatio":{"edge":null,"lead":"QQQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"NJUL":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":328,"beyond":0,"tolerance":0.0005,"worst":7.1e-05,"vendorTotal":0.82539524}},"QQQ":{"kept":"2026-10-26","distributions":26,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":328,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.76778212}}}}