{"schemaVersion":1,"ticker":"TAN","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/tan/","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, TAN against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/tan/"},"benchmark":{"ticker":"ACWI","name":"MSCI ACWI Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"TAN","b":"ACWI","window":{"from":"2008-04-25","to":"2026-10-23","firstReturn":"2008-05-02","weeklyReturns":965,"years":18.49,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.01444714,"perWeek":0.0002778295,"days":4627,"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":-0.78922669,"b":3.22791401,"edge":"ACWI","lead":"ACWI"},"annualised":{"a":-0.08047589,"b":0.08078533,"edge":"ACWI","lead":"ACWI"},"price":{"a":-0.84449072,"b":1.97420334,"edge":"ACWI","lead":"ACWI"},"volatility":{"a":0.44607677,"b":0.18504531,"edge":"ACWI","lead":"ACWI"},"downsideDeviation":{"a":0.31307794,"b":0.13258372,"edge":"ACWI","lead":"ACWI"},"maxDrawdown":{"a":-0.95286062,"b":-0.55314745,"edge":"ACWI","lead":"ACWI","aPeak":"2008-05-16","aTrough":"2012-11-16","bPeak":"2008-05-16","bTrough":"2009-03-06"},"excess":{"a":0.00179893,"b":0.08060832,"edge":"ACWI","lead":"ACWI"},"sharpe":{"a":0.00403278,"b":0.43561395,"edge":"ACWI","lead":"ACWI"},"sortino":{"a":0.00574595,"b":0.60798052,"edge":"ACWI","lead":"ACWI"},"calmar":{"a":-0.08445715,"b":0.14604664,"edge":"ACWI","lead":"ACWI"}},"relative":{"TAN":{"on":"ACWI","beta":1.62530299,"r2":0.4545751,"alpha":-0.12921401,"alphaT":-1.68568859,"alphaLow":-0.27964127,"alphaHigh":0.02121325,"upsideCapture":1.60417047,"downsideCapture":1.31617333,"treynor":0.00110683,"trackingError":0.34917009,"informationRatio":-0.22570487,"upWeeks":551,"downWeeks":411,"treynorReference":0.08060832,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"TAN","lead":"TAN"},"downsideCapture":{"edge":"ACWI","lead":"ACWI"},"treynor":{"edge":"ACWI","lead":"ACWI"},"informationRatio":{"edge":null,"lead":"ACWI","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"TAN":{"kept":"2026-10-26","distributions":14,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":6,"agree":6},"vendor":{"weeks":965,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.78922669}},"ACWI":{"kept":"2026-10-26","distributions":38,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":965,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":3.22791401}}}}