{"schemaVersion":1,"ticker":"QBER","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/qber/","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, QBER against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/qber/"},"benchmark":{"ticker":null,"name":null,"tier":null,"kind":null,"basisOnPage":null,"basisHere":"total"},"stated":{"index":"S&P 500 Total Return Index","namedIn":"its shareholder report","status":"priced","via":"VOO","r2":0.2437,"oneYear":{"from":"2025-10-30","to":"2026-10-30","fund":-0.29700861,"ref":12.41511385,"gap":-12.71212246}},"absent":"no ETF prices its benchmark (none named)","notMeasured":"no priced benchmark","secondary":{"benchmark":{"ticker":"VOO","name":"S&P 500 Total Return Index","namedIn":"its shareholder report","role":"secondary","basisHere":"total"},"kind":"benchmark","a":"QBER","b":"VOO","window":{"from":"2024-07-12","to":"2026-10-30","firstReturn":"2024-07-19","weeklyReturns":120,"years":2.3,"short":true,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.04158628,"perWeek":0.0007997362,"days":576,"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":0.00202473,"b":0.38755396,"edge":"VOO","lead":"VOO"},"annualised":{"a":0.00087688,"b":0.15250181,"edge":"VOO","lead":"VOO"},"price":{"a":-0.0428459,"b":0.35032553,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.03506319,"b":0.14884888,"edge":"QBER","lead":"QBER"},"downsideDeviation":{"a":0.02572262,"b":0.0974992,"edge":"QBER","lead":"QBER"},"maxDrawdown":{"a":-0.03556533,"b":-0.1668507,"edge":"QBER","lead":"QBER","aPeak":"2025-04-04","aTrough":"2026-07-02","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":-0.04010218,"b":0.1115534,"edge":"VOO","lead":"VOO"},"sharpe":{"a":-1.14371172,"b":0.7494406,"edge":"VOO","lead":"VOO"},"sortino":{"a":-1.55902398,"b":1.14414678,"edge":"VOO","lead":"VOO"},"calmar":{"a":0.02465542,"b":0.9140016,"edge":"VOO","lead":"VOO"}},"relative":{"QBER":{"on":"VOO","beta":-0.17443888,"r2":0.54837149,"alpha":-0.02064293,"alphaT":-1.31805458,"alphaLow":-0.0516573,"alphaHigh":0.01037143,"upsideCapture":-0.06795143,"downsideCapture":-0.24706094,"treynor":0.22989245,"trackingError":0.17639487,"informationRatio":-0.85975051,"upWeeks":66,"downWeeks":54,"treynorReference":0.1115534,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"VOO","lead":"VOO"},"downsideCapture":{"edge":"QBER","lead":"QBER"},"treynor":{"edge":"QBER","lead":"QBER"},"informationRatio":{"edge":null,"lead":"VOO","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"QBER":{"kept":"2026-11-01","distributions":2,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":120,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.00202473}},"VOO":{"kept":"2026-11-01","distributions":9,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":120,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.38755396}}}}}