{"schemaVersion":1,"ticker":"QRMI","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/qrmi/","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, QRMI against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/qrmi/"},"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":99.87,"date":"2026-09-24","url":"https://assets.ctfassets.net/9gigg57dwmx9/7jbtIH1c9LaerUTLCeUDRz/cdad6d95d1f5f77a8e6020e7bbd74069/QRMI_Form-19a_09242026.docx"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":99.9,"from":"2026-08-27","to":"2026-09-24","notices":2,"distributions":12,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","returnOfCapital":70.16,"fiscalYearEnd":"2025-10-31","filed":"2026-01-09","url":"https://www.sec.gov/Archives/edgar/data/1432353/000093041326000081/c114720_ncsr.htm"}},"kind":"benchmark","a":"QRMI","b":"QQQ","window":{"from":"2021-09-03","to":"2026-10-23","firstReturn":"2021-09-10","weeklyReturns":268,"years":5.14,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03826758,"perWeek":0.0007359149,"days":1283,"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":0.08812069,"b":0.9039529,"edge":"QQQ","lead":"QQQ"},"annualised":{"a":0.01652121,"b":0.13308281,"edge":"QQQ","lead":"QQQ"},"price":{"a":-0.39684552,"b":0.84605708,"edge":"QQQ","lead":"QQQ"},"volatility":{"a":0.07885336,"b":0.21458868,"edge":"QRMI","lead":"QRMI"},"downsideDeviation":{"a":0.05919661,"b":0.1424157,"edge":"QRMI","lead":"QRMI"},"maxDrawdown":{"a":-0.20434311,"b":-0.3505852,"edge":"QRMI","lead":"QRMI","aPeak":"2021-09-10","aTrough":"2022-12-30","bPeak":"2021-11-19","bTrough":"2022-10-14"},"excess":{"a":-0.0187784,"b":0.10970631,"edge":"QQQ","lead":"QQQ"},"sharpe":{"a":-0.23814326,"b":0.51123998,"edge":"QQQ","lead":"QQQ"},"sortino":{"a":-0.31722081,"b":0.77032458,"edge":"QQQ","lead":"QQQ"},"calmar":{"a":0.08085036,"b":0.3796019,"edge":"QQQ","lead":"QQQ"}},"relative":{"QRMI":{"on":"QQQ","beta":0.2975758,"r2":0.65579553,"alpha":-0.05142434,"alphaT":-2.5124557,"alphaLow":-0.09172377,"alphaHigh":-0.01112491,"upsideCapture":0.18079938,"downsideCapture":0.47192862,"treynor":-0.06310458,"trackingError":0.15767192,"informationRatio":-0.81488645,"upWeeks":150,"downWeeks":118,"treynorReference":0.10970631,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"QQQ","lead":"QQQ"},"alphaRange":{"edge":null},"upsideCapture":{"edge":"QQQ","lead":"QQQ"},"downsideCapture":{"edge":"QRMI","lead":"QRMI"},"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":{"QRMI":{"kept":"2026-10-26","distributions":62,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":268,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.08812069}},"QQQ":{"kept":"2026-10-26","distributions":22,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":268,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.9039529}}}}