{"schemaVersion":1,"ticker":"TAPR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/tapr/","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, TAPR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/tapr/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"TAPR","b":"SPY","window":{"from":"2025-04-11","to":"2026-10-23","firstReturn":"2025-04-17","weeklyReturns":80,"years":1.53,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03938516,"perWeek":0.0007574069,"days":384,"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":0.11501059,"b":0.44690061,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.07332524,"b":0.27140863,"edge":"SPY","lead":"SPY"},"price":{"a":0.11501059,"b":0.42332472,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.02238744,"b":0.12781981,"edge":"TAPR","lead":"TAPR"},"downsideDeviation":{"a":0.01147815,"b":0.06842124,"edge":"TAPR","lead":"TAPR"},"maxDrawdown":{"a":-0.01657433,"b":-0.08388653,"edge":"TAPR","lead":"TAPR","aPeak":"2026-02-27","aTrough":"2026-03-27","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.03167126,"b":0.20928699,"edge":"SPY","lead":"SPY"},"sharpe":{"a":1.4146886,"b":1.63735958,"edge":"SPY","lead":"SPY"},"sortino":{"a":2.75926571,"b":3.05880136,"edge":"SPY (slight)","lead":"SPY"},"calmar":{"a":4.42402446,"b":3.23542583,"edge":"TAPR","lead":"TAPR"}},"relative":{"TAPR":{"on":"SPY","beta":0.1589172,"r2":0.82324506,"alpha":-0.00158804,"alphaT":-0.20272044,"alphaLow":-0.01718364,"alphaHigh":0.01400756,"upsideCapture":0.13133788,"downsideCapture":0.11074588,"treynor":0.1992941,"trackingError":0.10791827,"informationRatio":-1.64583555,"upWeeks":47,"downWeeks":33,"treynorReference":0.20928699,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"SPY","lead":"SPY"},"downsideCapture":{"edge":"TAPR","lead":"TAPR"},"treynor":{"edge":"SPY (slight)","lead":"SPY"},"informationRatio":{"edge":null,"lead":"SPY","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"TAPR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":80,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.11501059}},"SPY":{"kept":"2026-10-26","distributions":6,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":80,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.44690061}}}}