{"schemaVersion":1,"ticker":"SMMD","asOf":"2026-10-30","desk":"core","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/smmd/","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, SMMD against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/smmd/"},"benchmark":{"ticker":"IWV","name":"Russell 3000 Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"SMMD","b":"IWV","window":{"from":"2017-07-14","to":"2026-10-30","firstReturn":"2017-07-21","weeklyReturns":485,"years":9.3,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.02658047,"perWeek":0.0005111629,"days":2325,"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":1.47856649,"b":2.35832464,"edge":"IWV","lead":"IWV"},"annualised":{"a":0.10221116,"b":0.13869924,"edge":"IWV","lead":"IWV"},"price":{"a":1.14977645,"b":1.94919216,"edge":"IWV","lead":"IWV"},"volatility":{"a":0.2209424,"b":0.17962061,"edge":"IWV","lead":"IWV"},"downsideDeviation":{"a":0.15480194,"b":0.12551299,"edge":"IWV","lead":"IWV"},"maxDrawdown":{"a":-0.39910769,"b":-0.32721016,"edge":"IWV","lead":"IWV","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.09540538,"b":0.11971447,"edge":"IWV","lead":"IWV"},"sharpe":{"a":0.43181108,"b":0.66648513,"edge":"IWV","lead":"IWV"},"sortino":{"a":0.61630611,"b":0.95380142,"edge":"IWV","lead":"IWV"},"calmar":{"a":0.2560992,"b":0.42388426,"edge":"IWV","lead":"IWV"}},"relative":{"SMMD":{"on":"IWV","beta":1.13133341,"r2":0.8459319,"alpha":-0.0400316,"alphaT":-1.40228624,"alphaLow":-0.09612399,"alphaHigh":0.0160608,"upsideCapture":1.03199929,"downsideCapture":1.06295969,"treynor":0.08433003,"trackingError":0.08987444,"informationRatio":-0.27047831,"upWeeks":282,"downWeeks":203,"treynorReference":0.11971447,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SMMD (slight)","lead":"SMMD"},"downsideCapture":{"edge":"IWV (slight)","lead":"IWV"},"treynor":{"edge":"IWV","lead":"IWV"},"informationRatio":{"edge":null,"lead":"IWV","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"SMMD":{"kept":"2026-11-01","distributions":38,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":485,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.47856649}},"IWV":{"kept":"2026-11-01","distributions":37,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":485,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":2.35832464}}}}