{"schemaVersion":1,"ticker":"QLDY","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/qldy/","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, QLDY against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/qldy/"},"benchmark":{"ticker":"QQQ","name":"Nasdaq-100 (QQQ)","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":100.0,"date":"2026-10-19","url":"https://www.defianceetfs.com/wp-content/uploads/funddocs/19a1/QLDY/Defiance%2019a-1%20Notice%20-%2010.19.26%20Payable.pdf"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":70.2,"from":"2025-10-27","to":"2026-10-19","notices":80,"distributions":104,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","status":"none-yet"}},"kind":"benchmark","a":"QLDY","b":"QQQ","window":{"from":"2025-09-26","to":"2026-10-23","firstReturn":"2025-10-03","weeklyReturns":56,"years":1.07,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.0379658,"perWeek":0.0007301115,"days":269,"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":0.14837419,"b":0.18743774,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.13708191,"b":0.17295541,"edge":"QQQ","lead":"QQQ"},"price":{"a":-0.25415471,"b":0.18193869,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.21567715,"b":0.18775861,"edge":"QQQ","lead":"QQQ"},"downsideDeviation":{"a":0.14309311,"b":0.12138765,"edge":"QQQ","lead":"QQQ"},"maxDrawdown":{"a":-0.13113297,"b":-0.10343285,"edge":"QQQ","lead":"QQQ","aPeak":"2025-10-31","aTrough":"2026-03-27","bPeak":"2025-10-31","bTrough":"2026-03-27"},"excess":{"a":0.1134445,"b":0.1390672,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":0.5259922,"b":0.74067016,"edge":"QQQ","lead":"QQQ"},"sortino":{"a":0.79280199,"b":1.14564534,"edge":"QQQ","lead":"QQQ"},"calmar":{"a":1.04536568,"b":1.67215158,"edge":"QQQ","lead":"QQQ"}},"relative":{"QLDY":{"on":"QQQ","beta":1.13883293,"r2":0.98290481,"alpha":-0.0449298,"alphaT":-1.62960095,"alphaLow":-0.10020643,"alphaHigh":0.01034682,"upsideCapture":1.16727341,"downsideCapture":1.10030407,"treynor":0.0996147,"trackingError":0.03840186,"informationRatio":-0.66722537,"upWeeks":32,"downWeeks":24,"treynorReference":0.1390672,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"QLDY","lead":"QLDY"},"downsideCapture":{"edge":"QQQ (slight)","lead":"QQQ"},"treynor":{"edge":"QQQ","lead":"QQQ"},"informationRatio":{"edge":null,"lead":"QQQ","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"QLDY":{"kept":"2026-10-26","distributions":112,"addedFromRecord":[],"notInVendorSeries":[{"ex":"2025-10-10","amount":0.1968},{"ex":"2025-10-17","amount":0.1925},{"ex":"2025-12-01","amount":0.1869},{"ex":"2025-12-12","amount":0.1897},{"ex":"2026-01-07","amount":0.1809},{"ex":"2026-01-21","amount":0.1792},{"ex":"2026-01-23","amount":0.1763},{"ex":"2026-02-20","amount":0.1671},{"ex":"2026-03-06","amount":0.1661},{"ex":"2026-03-13","amount":0.1645},{"ex":"2026-05-15","amount":0.182},{"ex":"2026-05-29","amount":0.1838},{"ex":"2026-06-03","amount":0.1869},{"ex":"2026-06-12","amount":0.1753},{"ex":"2026-08-14","amount":0.163},{"ex":"2026-08-28","amount":0.1562},{"ex":"2026-09-11","amount":0.1556},{"ex":"2026-09-25","amount":0.1593},{"ex":"2026-10-02","amount":0.1579},{"ex":"2026-10-09","amount":0.1606},{"ex":"2026-10-23","amount":0.1501}],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":56,"beyond":20,"tolerance":0.0005,"worst":0.007699,"vendorTotal":0.05883194}},"QQQ":{"kept":"2026-10-26","distributions":4,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":56,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.18743774}}}}