{"schemaVersion":1,"ticker":"PQJL","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/pqjl/","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, PQJL against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/pqjl/"},"benchmark":{"ticker":"QQQ","name":"Invesco QQQ Trust, Series 1","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"PQJL","b":"QQQ","window":{"from":"2025-01-10","to":"2026-10-23","firstReturn":"2025-01-17","weeklyReturns":93,"years":1.78,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03990582,"perWeek":0.0007674195,"days":447,"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":0.23294948,"b":0.40049114,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.12421953,"b":0.20723321,"edge":"QQQ","lead":"QQQ"},"price":{"a":0.23287704,"b":0.38882864,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.10656684,"b":0.2056173,"edge":"PQJL","lead":"PQJL"},"downsideDeviation":{"a":0.07088662,"b":0.13364248,"edge":"PQJL","lead":"PQJL"},"maxDrawdown":{"a":-0.10877678,"b":-0.21344135,"edge":"PQJL","lead":"PQJL","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.08294385,"b":0.16969198,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":0.778327,"b":0.82528064,"edge":"QQQ (slight)","lead":"QQQ"},"sortino":{"a":1.17009185,"b":1.2697458,"edge":"QQQ (slight)","lead":"QQQ"},"calmar":{"a":1.14196737,"b":0.97091404,"edge":"PQJL","lead":"PQJL"}},"relative":{"PQJL":{"on":"QQQ","beta":0.47590264,"r2":0.84316256,"alpha":0.00218699,"alphaT":0.06847168,"alphaLow":-0.06125814,"alphaHigh":0.06563213,"upsideCapture":0.34512717,"downsideCapture":0.56652654,"treynor":0.17428744,"trackingError":0.11573285,"informationRatio":-0.74955491,"upWeeks":52,"downWeeks":41,"treynorReference":0.16969198,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"QQQ","lead":"QQQ"},"downsideCapture":{"edge":"PQJL","lead":"PQJL"},"treynor":{"edge":"PQJL (slight)","lead":"PQJL"},"informationRatio":{"edge":null,"lead":"QQQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"PQJL":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":6},"vendor":{"weeks":93,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.23294948}},"QQQ":{"kept":"2026-10-26","distributions":7,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":93,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.40049114}}}}