{"schemaVersion":1,"ticker":"NLR","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/nlr/","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, NLR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/nlr/"},"benchmark":{"ticker":"ACWI","name":"MSCI ACWI Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"NLR","b":"ACWI","window":{"from":"2008-04-04","to":"2026-10-23","firstReturn":"2008-04-11","weeklyReturns":968,"years":18.55,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.01444147,"perWeek":0.0002777206,"days":4642,"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":0.70632306,"b":3.33076138,"edge":"ACWI","lead":"ACWI"},"annualised":{"a":0.02912019,"b":0.08192112,"edge":"ACWI","lead":"ACWI"},"price":{"a":-0.0377941,"b":2.0465532,"edge":"ACWI","lead":"ACWI"},"volatility":{"a":0.24761853,"b":0.18512157,"edge":"ACWI","lead":"ACWI"},"downsideDeviation":{"a":0.17723817,"b":0.13248299,"edge":"ACWI","lead":"ACWI"},"maxDrawdown":{"a":-0.58391511,"b":-0.55314745,"edge":"ACWI (slight)","lead":"ACWI","aPeak":"2008-05-30","aTrough":"2008-10-24","bPeak":"2008-05-16","bTrough":"2009-03-06"},"excess":{"a":0.04535867,"b":0.08167847,"edge":"ACWI","lead":"ACWI"},"sharpe":{"a":0.18317963,"b":0.4412153,"edge":"ACWI","lead":"ACWI"},"sortino":{"a":0.25591932,"b":0.61652044,"edge":"ACWI","lead":"ACWI"},"calmar":{"a":0.0498706,"b":0.14809998,"edge":"ACWI","lead":"ACWI"}},"relative":{"NLR":{"on":"ACWI","beta":0.98553332,"r2":0.54286317,"alpha":-0.03513818,"alphaT":-0.90338344,"alphaLow":-0.11146897,"alphaHigh":0.04119261,"upsideCapture":0.79121612,"downsideCapture":0.96407963,"treynor":0.04602449,"trackingError":0.167441,"informationRatio":-0.21691102,"upWeeks":553,"downWeeks":412,"treynorReference":0.08167847,"edges":{"beta":{"edge":"Tie","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"ACWI","lead":"ACWI"},"downsideCapture":{"edge":"NLR (slight)","lead":"NLR"},"treynor":{"edge":"ACWI","lead":"ACWI"},"informationRatio":{"edge":null,"lead":"ACWI","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"NLR":{"kept":"2026-10-26","distributions":17,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":968,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.70632306}},"ACWI":{"kept":"2026-10-26","distributions":38,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":968,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":3.33076138}}}}