{"schemaVersion":1,"ticker":"UDEC","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/udec/","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, UDEC against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/udec/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"UDEC","b":"SPY","window":{"from":"2019-12-13","to":"2026-10-23","firstReturn":"2019-12-20","weeklyReturns":358,"years":6.86,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.02928922,"perWeek":0.0005632542,"days":1716,"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":0.61788005,"b":1.64843908,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.07238257,"b":0.1519666,"edge":"SPY","lead":"SPY"},"price":{"a":0.61788005,"b":1.39496407,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.07836771,"b":0.18758892,"edge":"UDEC","lead":"UDEC"},"downsideDeviation":{"a":0.05402992,"b":0.12922056,"edge":"UDEC","lead":"UDEC"},"maxDrawdown":{"a":-0.13239645,"b":-0.3181115,"edge":"UDEC","lead":"UDEC","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.04370611,"b":0.13006531,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.5577056,"b":0.69335285,"edge":"SPY","lead":"SPY"},"sortino":{"a":0.80892429,"b":1.00653728,"edge":"SPY","lead":"SPY"},"calmar":{"a":0.54671077,"b":0.47771489,"edge":"UDEC","lead":"UDEC"}},"relative":{"UDEC":{"on":"SPY","beta":0.38177412,"r2":0.83512793,"alpha":-0.00594946,"alphaT":-0.48763359,"alphaLow":-0.02994392,"alphaHigh":0.018045,"upsideCapture":0.28835457,"downsideCapture":0.48115995,"treynor":0.1144816,"trackingError":0.12025865,"informationRatio":-0.7181122,"upWeeks":202,"downWeeks":156,"treynorReference":0.13006531,"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":"UDEC","lead":"UDEC"},"treynor":{"edge":"SPY","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":{"UDEC":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":358,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.61788005}},"SPY":{"kept":"2026-10-26","distributions":28,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-20","amount":1.405559,"vendor":1.468475}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":358,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.64843908}}}}