{"schemaVersion":1,"ticker":"TEND","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/tend/","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, TEND against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/tend/"},"benchmark":{"ticker":"IVV","name":"iShares Core S&P 500 ETF","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"TEND","b":"IVV","window":{"from":"2025-10-17","to":"2026-10-23","firstReturn":"2025-10-24","weeklyReturns":53,"years":1.02,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03788157,"perWeek":0.0007284917,"days":255,"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":0.12333456,"b":0.15660553,"edge":"IVV","lead":"IVV"},"annualised":{"a":0.12087225,"b":0.15343491,"edge":"IVV","lead":"IVV"},"price":{"a":0.12177132,"b":0.14312031,"edge":"IVV","lead":"IVV"},"volatility":{"a":0.06998262,"b":0.12141998,"edge":"TEND","lead":"TEND"},"downsideDeviation":{"a":0.03943072,"b":0.07078038,"edge":"TEND","lead":"TEND"},"maxDrawdown":{"a":-0.05580033,"b":-0.08377715,"edge":"TEND","lead":"TEND","aPeak":"2026-01-09","aTrough":"2026-03-27","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":0.07873956,"b":0.11223705,"edge":"IVV","lead":"IVV"},"sharpe":{"a":1.12513021,"b":0.92437052,"edge":"TEND","lead":"TEND"},"sortino":{"a":1.9969091,"b":1.58570849,"edge":"TEND","lead":"TEND"},"calmar":{"a":2.1661564,"b":1.83146485,"edge":"TEND","lead":"TEND"}},"relative":{"TEND":{"on":"IVV","beta":0.55688346,"r2":0.9335305,"alpha":0.01623661,"alphaT":0.89229179,"alphaLow":-0.02029443,"alphaHigh":0.05276765,"upsideCapture":0.52023146,"downsideCapture":0.58601952,"treynor":0.14139325,"trackingError":0.05674789,"informationRatio":-0.59028598,"upWeeks":30,"downWeeks":23,"treynorReference":0.11223705,"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":"TEND","lead":"TEND"},"treynor":{"edge":"TEND","lead":"TEND"},"informationRatio":{"edge":null,"lead":"IVV","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"TEND":{"kept":"2026-10-26","distributions":1,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":53,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.12333456}},"IVV":{"kept":"2026-10-26","distributions":4,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":53,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.15660553}}}}