{"schemaVersion":1,"ticker":"PAPR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/papr/","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, PAPR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/papr/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"PAPR","b":"SPY","window":{"from":"2019-04-12","to":"2026-10-23","firstReturn":"2019-04-18","weeklyReturns":393,"years":7.53,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.02846608,"perWeek":0.0005474247,"days":1884,"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":0.75359366,"b":1.9239467,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.07714852,"b":0.1525373,"edge":"SPY","lead":"SPY"},"price":{"a":0.70080195,"b":1.61914116,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.08122691,"b":0.18189485,"edge":"PAPR","lead":"PAPR"},"downsideDeviation":{"a":0.05691073,"b":0.12488756,"edge":"PAPR","lead":"PAPR"},"maxDrawdown":{"a":-0.14085574,"b":-0.3181115,"edge":"PAPR","lead":"PAPR","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.04920412,"b":0.13032525,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.60576139,"b":0.71648674,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.86458432,"b":1.04354066,"edge":"SPY","lead":"SPY"},"calmar":{"a":0.547713,"b":0.47950893,"edge":"PAPR","lead":"PAPR"}},"relative":{"PAPR":{"on":"SPY","beta":0.42034431,"r2":0.88603589,"alpha":-0.00557735,"alphaT":-0.55570645,"alphaLow":-0.02530963,"alphaHigh":0.01415492,"upsideCapture":0.29628886,"downsideCapture":0.47247125,"treynor":0.11705671,"trackingError":0.10894377,"informationRatio":-0.74461462,"upWeeks":222,"downWeeks":171,"treynorReference":0.13032525,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"PAPR","lead":"PAPR"},"treynor":{"edge":"SPY","lead":"SPY"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"PAPR":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":393,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.75359366}},"SPY":{"kept":"2026-10-26","distributions":30,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-20","amount":1.405559,"vendor":1.468475}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":393,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.9239467}}}}