{"schemaVersion":1,"ticker":"SMAX","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/smax/","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, SMAX against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/smax/"},"benchmark":{"ticker":"IVV","name":"iShares Core S&P 500 ETF","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"SMAX","b":"IVV","window":{"from":"2024-10-11","to":"2026-10-23","firstReturn":"2024-10-18","weeklyReturns":106,"years":2.03,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04047929,"perWeek":0.0007784479,"days":507,"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":0.15285454,"b":0.34312299,"edge":"IVV","lead":"IVV"},"annualised":{"a":0.0722708,"b":0.15571101,"edge":"IVV","lead":"IVV"},"price":{"a":0.13870563,"b":0.31063793,"edge":"IVV","lead":"IVV"},"volatility":{"a":0.03111558,"b":0.15025055,"edge":"SMAX","lead":"SMAX"},"downsideDeviation":{"a":0.01960598,"b":0.09831025,"edge":"SMAX","lead":"SMAX"},"maxDrawdown":{"a":-0.03346481,"b":-0.16889078,"edge":"SMAX","lead":"SMAX","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.029825,"b":0.11565348,"edge":"IVV","lead":"IVV"},"sharpe":{"a":0.958523,"b":0.76973746,"edge":"SMAX","lead":"SMAX"},"sortino":{"a":1.52121906,"b":1.17641319,"edge":"SMAX","lead":"SMAX"},"calmar":{"a":2.15960562,"b":0.92196279,"edge":"SMAX","lead":"SMAX"}},"relative":{"SMAX":{"on":"IVV","beta":0.19150946,"r2":0.85517882,"alpha":0.00767626,"alphaT":0.91589469,"alphaLow":-0.00894389,"alphaHigh":0.02429641,"upsideCapture":0.1698873,"downsideCapture":0.18752902,"treynor":0.15573641,"trackingError":0.12205191,"informationRatio":-0.70321297,"upWeeks":58,"downWeeks":48,"treynorReference":0.11565348,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"IVV","lead":"IVV"},"downsideCapture":{"edge":"SMAX","lead":"SMAX"},"treynor":{"edge":"SMAX","lead":"SMAX"},"informationRatio":{"edge":null,"lead":"IVV","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"SMAX":{"kept":"2026-10-26","distributions":2,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":106,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.15285454}},"IVV":{"kept":"2026-10-26","distributions":8,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":106,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.34312299}}}}