{"schemaVersion":1,"ticker":"ZALT","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/zalt/","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, ZALT against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/zalt/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"ZALT","b":"SPY","window":{"from":"2023-10-13","to":"2026-10-23","firstReturn":"2023-10-20","weeklyReturns":158,"years":3.03,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.04463646,"perWeek":0.0008583935,"days":757,"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":0.34511002,"b":0.82618641,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.10249337,"b":0.21920893,"edge":"SPY","lead":"SPY"},"price":{"a":0.34511002,"b":0.76122827,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.05490741,"b":0.14296543,"edge":"ZALT","lead":"ZALT"},"downsideDeviation":{"a":0.03850815,"b":0.09132342,"edge":"ZALT","lead":"ZALT"},"maxDrawdown":{"a":-0.07044108,"b":-0.16877308,"edge":"ZALT","lead":"ZALT","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.05453728,"b":0.16411301,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.99325907,"b":1.14792096,"edge":"SPY","lead":"SPY"},"sortino":{"a":1.41625279,"b":1.79705296,"edge":"SPY","lead":"SPY"},"calmar":{"a":1.45502272,"b":1.29883828,"edge":"ZALT","lead":"ZALT"}},"relative":{"ZALT":{"on":"SPY","beta":0.34949397,"r2":0.82809389,"alpha":-0.00281923,"alphaT":-0.21248329,"alphaLow":-0.02902735,"alphaHigh":0.02338889,"upsideCapture":0.26873115,"downsideCapture":0.34505708,"treynor":0.15604641,"trackingError":0.09574572,"informationRatio":-1.14444523,"upWeeks":94,"downWeeks":64,"treynorReference":0.16411301,"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":"ZALT","lead":"ZALT"},"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":{"ZALT":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":158,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.34511002}},"SPY":{"kept":"2026-10-26","distributions":12,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":158,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.82618641}}}}