{"schemaVersion":1,"ticker":"PHEQ","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/pheq/","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, PHEQ against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/pheq/"},"benchmark":{"ticker":"VOO","name":"S&P 500 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"PHEQ","b":"VOO","window":{"from":"2023-10-27","to":"2026-10-30","firstReturn":"2023-11-03","weeklyReturns":157,"years":3.01,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.04447713,"perWeek":0.0008553294,"days":752,"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":0.53590366,"b":0.91304262,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.15272483,"b":0.23968137,"edge":"VOO","lead":"VOO"},"price":{"a":0.4647194,"b":0.84143433,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.0775525,"b":0.1408835,"edge":"PHEQ","lead":"PHEQ"},"downsideDeviation":{"a":0.04940132,"b":0.0885779,"edge":"PHEQ","lead":"PHEQ"},"maxDrawdown":{"a":-0.11430905,"b":-0.1668507,"edge":"PHEQ","lead":"PHEQ","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.10083909,"b":0.18069161,"edge":"VOO","lead":"VOO"},"sharpe":{"a":1.30026881,"b":1.28256052,"edge":"Tie"},"sortino":{"a":2.0412227,"b":2.03991755,"edge":"Tie"},"calmar":{"a":1.33606948,"b":1.43650202,"edge":"VOO (slight)","lead":"VOO"}},"relative":{"PHEQ":{"on":"VOO","beta":0.52111689,"r2":0.89618766,"alpha":0.00667764,"alphaT":0.45566872,"alphaLow":-0.02227087,"alphaHigh":0.03562616,"upsideCapture":0.41807512,"downsideCapture":0.49835459,"treynor":0.19350571,"trackingError":0.07194531,"informationRatio":-1.10990584,"upWeeks":95,"downWeeks":62,"treynorReference":0.18069161,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"PHEQ","lead":"PHEQ"},"treynor":{"edge":"PHEQ (slight)","lead":"PHEQ"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"PHEQ":{"kept":"2026-11-01","distributions":12,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":157,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.53590366}},"VOO":{"kept":"2026-11-01","distributions":12,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":157,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.91304262}}}}