{"schemaVersion":1,"ticker":"NMAR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/nmar/","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, NMAR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/nmar/"},"benchmark":{"ticker":"QQQ","name":"QQQ","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"NMAR","b":"QQQ","window":{"from":"2025-03-14","to":"2026-10-23","firstReturn":"2025-03-21","weeklyReturns":84,"years":1.61,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03956361,"perWeek":0.0007608387,"days":404,"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":0.28207134,"b":0.48087208,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.16627988,"b":0.2751418,"edge":"QQQ","lead":"QQQ"},"price":{"a":0.28207134,"b":0.46854022,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.09183046,"b":0.20750583,"edge":"NMAR","lead":"NMAR"},"downsideDeviation":{"a":0.05865889,"b":0.13220319,"edge":"NMAR","lead":"NMAR"},"maxDrawdown":{"a":-0.06876763,"b":-0.11969359,"edge":"NMAR","lead":"NMAR","aPeak":"2025-03-21","aTrough":"2025-04-04","bPeak":"2025-03-21","bTrough":"2025-04-04"},"excess":{"a":0.11866094,"b":0.22535564,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":1.29217406,"b":1.08602073,"edge":"NMAR","lead":"NMAR"},"sortino":{"a":2.02289788,"b":1.70461575,"edge":"NMAR","lead":"NMAR"},"calmar":{"a":2.41799648,"b":2.29871792,"edge":"NMAR (slight)","lead":"NMAR"}},"relative":{"NMAR":{"on":"QQQ","beta":0.41417494,"r2":0.87590041,"alpha":0.02532428,"alphaT":0.97778378,"alphaLow":-0.02619842,"alphaHigh":0.07684699,"upsideCapture":0.29030047,"downsideCapture":0.43477274,"treynor":0.28649956,"trackingError":0.12579292,"informationRatio":-0.84817727,"upWeeks":48,"downWeeks":36,"treynorReference":0.22535564,"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":"NMAR","lead":"NMAR"},"treynor":{"edge":"NMAR","lead":"NMAR"},"informationRatio":{"edge":null,"lead":"QQQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"NMAR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":84,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.28207134}},"QQQ":{"kept":"2026-10-26","distributions":7,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":84,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.48087208}}}}