{"schemaVersion":1,"ticker":"NOCT","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/noct/","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, NOCT against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/noct/"},"benchmark":{"ticker":"QQQ","name":"QQQ","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"NOCT","b":"QQQ","window":{"from":"2019-10-11","to":"2026-10-23","firstReturn":"2019-10-18","weeklyReturns":367,"years":7.03,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.02897036,"perWeek":0.0005571224,"days":1758,"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":1.02953262,"b":2.84600279,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.10548983,"b":0.21029055,"edge":"QQQ","lead":"QQQ"},"price":{"a":1.00766284,"b":2.68583538,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.09856333,"b":0.22135103,"edge":"NOCT","lead":"NOCT"},"downsideDeviation":{"a":0.06543811,"b":0.14499056,"edge":"NOCT","lead":"NOCT"},"maxDrawdown":{"a":-0.15977791,"b":-0.3505852,"edge":"NOCT","lead":"NOCT","aPeak":"2021-11-19","aTrough":"2022-10-14","bPeak":"2021-11-19","bTrough":"2022-10-14"},"excess":{"a":0.07625883,"b":0.18668029,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":0.77370385,"b":0.84336762,"edge":"QQQ (slight)","lead":"QQQ"},"sortino":{"a":1.16535795,"b":1.28753412,"edge":"QQQ (slight)","lead":"QQQ"},"calmar":{"a":0.66022785,"b":0.59982723,"edge":"NOCT (slight)","lead":"NOCT"}},"relative":{"NOCT":{"on":"QQQ","beta":0.40770571,"r2":0.83835116,"alpha":0.00014821,"alphaT":0.00985465,"alphaLow":-0.029426,"alphaHigh":0.02972241,"upsideCapture":0.26145531,"downsideCapture":0.49795283,"treynor":0.1870438,"trackingError":0.13696307,"informationRatio":-0.80621341,"upWeeks":212,"downWeeks":155,"treynorReference":0.18668029,"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":"NOCT","lead":"NOCT"},"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":{"NOCT":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":367,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.02953262}},"QQQ":{"kept":"2026-10-26","distributions":29,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":367,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":2.84600279}}}}