{"schemaVersion":1,"ticker":"PBAU","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/pbau/","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, PBAU against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/pbau/"},"benchmark":{"ticker":"SPY","name":"SPDR S&P 500 ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"PBAU","b":"SPY","window":{"from":"2024-05-17","to":"2026-10-23","firstReturn":"2024-05-24","weeklyReturns":127,"years":2.43,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04233553,"perWeek":0.0008141447,"days":608,"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":0.2760061,"b":0.47769304,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10494659,"b":0.17337292,"edge":"SPY","lead":"SPY"},"price":{"a":0.2760061,"b":0.43539522,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.06182526,"b":0.1464545,"edge":"PBAU","lead":"PBAU"},"downsideDeviation":{"a":0.04059318,"b":0.09568511,"edge":"PBAU","lead":"PBAU"},"maxDrawdown":{"a":-0.07769297,"b":-0.16877308,"edge":"PBAU","lead":"PBAU","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.05945735,"b":0.12846371,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.96169995,"b":0.87715778,"edge":"PBAU (slight)","lead":"PBAU"},"sortino":{"a":1.4647128,"b":1.34256741,"edge":"PBAU (slight)","lead":"PBAU"},"calmar":{"a":1.35078607,"b":1.02725462,"edge":"PBAU","lead":"PBAU"}},"relative":{"PBAU":{"on":"SPY","beta":0.40406393,"r2":0.916165,"alpha":0.0075498,"alphaT":0.65164673,"alphaLow":-0.01537979,"alphaHigh":0.03047939,"upsideCapture":0.31901579,"downsideCapture":0.39331336,"treynor":0.14714838,"trackingError":0.08909441,"informationRatio":-0.77453073,"upWeeks":72,"downWeeks":55,"treynorReference":0.12846371,"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":"PBAU","lead":"PBAU"},"treynor":{"edge":"PBAU","lead":"PBAU"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"PBAU":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":127,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.2760061}},"SPY":{"kept":"2026-10-26","distributions":10,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":127,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.47769304}}}}