{"schemaVersion":1,"ticker":"NTRL","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/ntrl/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-30","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, NTRL against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/ntrl/"},"benchmark":{"ticker":null,"name":null,"tier":null,"kind":null,"basisOnPage":null,"basisHere":"total"},"stated":{"index":"S&P 500 Index","namedIn":"its shareholder report","status":"priced","via":"VOO","r2":0.0455},"absent":"no ETF prices its benchmark (none named)","notMeasured":"no priced benchmark","secondary":{"benchmark":{"ticker":"VOO","name":"S&P 500 Index","namedIn":"its shareholder report","role":"secondary","basisHere":"total"},"kind":"benchmark","a":"NTRL","b":"VOO","window":{"from":"2026-07-02","to":"2026-10-30","firstReturn":"2026-07-10","weeklyReturns":17,"years":0.33,"short":true,"weekEnding":"2026-11-01","cumulativeOnly":"17 weekly returns, 2026-07-02 to 2026-10-30: cumulative numbers only, nothing annualised"},"riskFree":{"rate":0.03955952,"perWeek":0.0007607601,"days":84,"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":0.0665645,"b":0.01718621,"edge":"NTRL","lead":"NTRL"},"annualised":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"},"price":{"a":0.00827613,"b":0.01455814,"edge":"VOO","lead":"VOO"},"volatility":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"},"downsideDeviation":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"},"maxDrawdown":{"a":-0.01842215,"b":-0.02903897,"edge":"NTRL","lead":"NTRL","aPeak":"2026-07-31","aTrough":"2026-08-14","bPeak":"2026-10-09","bTrough":"2026-10-30"},"excess":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"},"sharpe":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"},"sortino":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"},"calmar":{"a":null,"b":null,"absent":"17 weekly returns, under the 52 an annualised number needs"}},"relative":{"NTRL":{"on":"VOO","beta":-0.12530112,"r2":0.01957095,"alpha":null,"alphaT":null,"alphaLow":null,"alphaHigh":null,"upsideCapture":null,"downsideCapture":null,"treynor":null,"trackingError":null,"informationRatio":null,"upWeeks":8,"downWeeks":9,"absent":"17 weekly returns: alpha, Treynor, the captures, tracking error and the information ratio need 52","edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true}}}},"sources":{"NTRL":{"kept":"2026-11-01","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":10,"agree":10},"vendor":{"weeks":17,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.0665645}},"VOO":{"kept":"2026-11-01","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":17,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.01718621}}}}}