{"schemaVersion":1,"ticker":"PBMR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/pbmr/","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, PBMR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/pbmr/"},"benchmark":{"ticker":"SPY","name":"SPDR S&P 500 ETF Trust","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"PBMR","b":"SPY","window":{"from":"2024-03-08","to":"2026-10-23","firstReturn":"2024-03-15","weeklyReturns":137,"years":2.63,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.043193,"perWeek":0.0008306346,"days":657,"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":0.30815936,"b":0.53367488,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10733737,"b":0.17624371,"edge":"SPY","lead":"SPY"},"price":{"a":0.30815936,"b":0.48512859,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.05734048,"b":0.14492325,"edge":"PBMR","lead":"PBMR"},"downsideDeviation":{"a":0.03885021,"b":0.09487993,"edge":"PBMR","lead":"PBMR"},"maxDrawdown":{"a":-0.06540227,"b":-0.16877308,"edge":"PBMR","lead":"PBMR","aPeak":"2025-02-28","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.06050309,"b":0.12984137,"edge":"SPY","lead":"SPY"},"sharpe":{"a":1.05515509,"b":0.89593195,"edge":"PBMR","lead":"PBMR"},"sortino":{"a":1.55734262,"b":1.36848089,"edge":"PBMR","lead":"PBMR"},"calmar":{"a":1.64118732,"b":1.04426433,"edge":"PBMR","lead":"PBMR"}},"relative":{"PBMR":{"on":"SPY","beta":0.38166049,"r2":0.93048195,"alpha":0.01094777,"alphaT":1.16204013,"alphaLow":-0.00768439,"alphaHigh":0.02957994,"upsideCapture":0.30480391,"downsideCapture":0.36062976,"treynor":0.15852596,"trackingError":0.09087816,"informationRatio":-0.76298063,"upWeeks":78,"downWeeks":59,"treynorReference":0.12984137,"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":"PBMR","lead":"PBMR"},"treynor":{"edge":"PBMR","lead":"PBMR"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"PBMR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":137,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.30815936}},"SPY":{"kept":"2026-10-26","distributions":11,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":137,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.53367488}}}}