{"schemaVersion":1,"ticker":"TMAR","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/tmar/","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, TMAR against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/tmar/"},"benchmark":{"ticker":"EEM","name":"iShares MSCI Emerging Markets ETF","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"TMAR","b":"EEM","window":{"from":"2025-04-04","to":"2026-10-23","firstReturn":"2025-04-11","weeklyReturns":81,"years":1.55,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03943162,"perWeek":0.0007583004,"days":389,"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":0.37071303,"b":0.57279978,"edge":"EEM","lead":"EEM"},"annualised":{"a":0.2243802,"b":0.33739437,"edge":"EEM","lead":"EEM"},"price":{"a":0.37071303,"b":0.52809266,"edge":"EEM","lead":"EEM"},"volatility":{"a":0.10557709,"b":0.20024688,"edge":"TMAR","lead":"TMAR"},"downsideDeviation":{"a":0.06618175,"b":0.13533128,"edge":"TMAR","lead":"TMAR"},"maxDrawdown":{"a":-0.05556211,"b":-0.12402882,"edge":"TMAR","lead":"TMAR","aPeak":"2026-09-04","aTrough":"2026-10-23","bPeak":"2026-06-18","bTrough":"2026-10-23"},"excess":{"a":0.16889626,"b":0.27205207,"edge":"EEM","lead":"EEM"},"sharpe":{"a":1.59974341,"b":1.35858334,"edge":"TMAR","lead":"TMAR"},"sortino":{"a":2.55200646,"b":2.0102674,"edge":"TMAR","lead":"TMAR"},"calmar":{"a":4.03836743,"b":2.72029017,"edge":"TMAR","lead":"TMAR"}},"relative":{"TMAR":{"on":"EEM","beta":0.47446771,"r2":0.80985156,"alpha":0.03981634,"alphaT":1.05387122,"alphaLow":-0.03538492,"alphaHigh":0.11501759,"upsideCapture":0.39479998,"downsideCapture":0.56410117,"treynor":0.35596997,"trackingError":0.1148658,"informationRatio":-0.89805505,"upWeeks":54,"downWeeks":27,"treynorReference":0.27205207,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"EEM","lead":"EEM"},"downsideCapture":{"edge":"TMAR","lead":"TMAR"},"treynor":{"edge":"TMAR","lead":"TMAR"},"informationRatio":{"edge":null,"lead":"EEM","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"TMAR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":81,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.37071303}},"EEM":{"kept":"2026-10-26","distributions":3,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":81,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.57279978}}}}