{"schemaVersion":1,"ticker":"ZJAN","asOf":"2026-10-26","desk":"buffer","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/zjan/","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, ZJAN against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/zjan/"},"benchmark":{"ticker":"SPY","name":"SPY","tier":1,"kind":"reference asset","basisOnPage":"price","basisHere":"total"},"kind":"benchmark","a":"ZJAN","b":"SPY","window":{"from":"2025-01-10","to":"2026-10-23","firstReturn":"2025-01-17","weeklyReturns":93,"years":1.78,"short":true,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.03990582,"perWeek":0.0007674195,"days":447,"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":0.11288281,"b":0.33487347,"edge":"SPY","lead":"SPY"},"annualised":{"a":0.06162644,"b":0.17527244,"edge":"SPY","lead":"SPY"},"price":{"a":0.11288281,"b":0.30918707,"edge":"SPY","lead":"SPY"},"volatility":{"a":0.02664228,"b":0.15149846,"edge":"ZJAN","lead":"ZJAN"},"downsideDeviation":{"a":0.017289,"b":0.09996174,"edge":"ZJAN","lead":"ZJAN"},"maxDrawdown":{"a":-0.02994213,"b":-0.16877308,"edge":"ZJAN","lead":"ZJAN","aPeak":"2025-02-14","aTrough":"2025-04-04","bPeak":"2025-02-14","bTrough":"2025-04-04"},"excess":{"a":0.02028149,"b":0.13325602,"edge":"SPY","lead":"SPY"},"sharpe":{"a":0.76125199,"b":0.87958664,"edge":"SPY","lead":"SPY"},"sortino":{"a":1.17308631,"b":1.33307027,"edge":"SPY","lead":"SPY"},"calmar":{"a":2.05818501,"b":1.03850948,"edge":"ZJAN","lead":"ZJAN"}},"relative":{"ZJAN":{"on":"SPY","beta":0.16712094,"r2":0.90309907,"alpha":-0.00198838,"alphaT":-0.31651156,"alphaLow":-0.01446716,"alphaHigh":0.0104904,"upsideCapture":0.13944531,"downsideCapture":0.16228928,"treynor":0.12135816,"trackingError":0.12645216,"informationRatio":-0.89341722,"upWeeks":52,"downWeeks":41,"treynorReference":0.13325602,"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":"ZJAN","lead":"ZJAN"},"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":{"ZJAN":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":93,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.11288281}},"SPY":{"kept":"2026-10-26","distributions":7,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":93,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.33487347}}}}