{"schemaVersion":1,"ticker":"NNOV","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/nnov/","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, NNOV against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/nnov/"},"benchmark":{"ticker":"QQQ","name":"QQQ","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"NNOV","b":"QQQ","window":{"from":"2024-11-08","to":"2026-10-23","firstReturn":"2024-11-15","weeklyReturns":102,"years":1.95,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04026475,"perWeek":0.0007743222,"days":488,"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":0.2390563,"b":0.38376509,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.11547072,"b":0.18008733,"edge":"QQQ","lead":"QQQ"},"price":{"a":0.2390563,"b":0.37005485,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.09710999,"b":0.2014749,"edge":"NNOV","lead":"NNOV"},"downsideDeviation":{"a":0.06380599,"b":0.13223374,"edge":"NNOV","lead":"NNOV"},"maxDrawdown":{"a":-0.11316718,"b":-0.21344135,"edge":"NNOV","lead":"NNOV","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.07380076,"b":0.14569514,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":0.7599708,"b":0.7231429,"edge":"NNOV (slight)","lead":"NNOV"},"sortino":{"a":1.15664306,"b":1.10180008,"edge":"NNOV (slight)","lead":"NNOV"},"calmar":{"a":1.02035522,"b":0.84373216,"edge":"NNOV","lead":"NNOV"}},"relative":{"NNOV":{"on":"QQQ","beta":0.4672943,"r2":0.93992896,"alpha":0.00571825,"alphaT":0.3331271,"alphaLow":-0.02833734,"alphaHigh":0.03977384,"upsideCapture":0.33596718,"downsideCapture":0.54049616,"treynor":0.15793207,"trackingError":0.10993425,"informationRatio":-0.65397624,"upWeeks":57,"downWeeks":45,"treynorReference":0.14569514,"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":"NNOV","lead":"NNOV"},"treynor":{"edge":"NNOV (slight)","lead":"NNOV"},"informationRatio":{"edge":null,"lead":"QQQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"NNOV":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":102,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.2390563}},"QQQ":{"kept":"2026-10-26","distributions":8,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":102,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.38376509}}}}