{"id":142924,"date":"2022-06-10T13:19:00","date_gmt":"2022-06-10T17:19:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=142924"},"modified":"2022-11-21T09:55:21","modified_gmt":"2022-11-21T14:55:21","slug":"visualizing-the-robustness-of-the-us-equity-etf-market","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/","title":{"rendered":"Visualizing the Robustness of the US Equity ETF Market"},"content":{"rendered":"\n

The post “Visualizing the Robustness of the US Equity ETF Market” first appeared on Alpha Architect Blog<\/a>.<\/em><\/p>\n\n\n\n

Market commentators sometimes suggest that the equity ETF market is just a bunch of \u201cindex funds\u201d that all do essentially the same thing: deliver undifferentiated stock market exposure.<\/p>\n\n\n\n

How true is that statement? Fortunately, we can test the hypothesis that the ETF market is roughly a few thousand different ways to capture the same basic risk\/returns. To do so, we leverage our Portfolio Architect tool to quantify the active share of all US equity ETFs against the S&P 500 index (the king of indexes).<\/p>\n\n\n\n

Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based on the weightings of securities in a portfolio compared with those of its benchmark and can be used as a measure of the degree of a portfolio\u2019s active management. An active share of 0, would imply there is a 0% difference between a given ETF and the SP500. An active share of 100 would imply there is a 100% difference in holdings\/weights between a given ETF and the SP500. And then you have everything in between.<\/p>\n\n\n\n

As a general rule of thumb, we consider any strategy with an active share of less than 30% to be a \u2018closet index\u2019, which refers to a strategy that is effectively the same as the underlying index it seeks to track.<\/p>\n\n\n\n

Here is the distribution of active shares across the 1814 US Exchange Traded Equity ETFs we track in our database against SPY (what we use as the SP500 holdings benchmark).<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Source: Portfolio Architect<\/p>\n\n\n\n

Key Points:<\/p>\n\n\n\n

  • A bit over 4% of all funds are S&P 500 closet-trackers. That\u2019s a lot of clones \u2014 no doubt!<\/li>
  • Nearly 60% of all funds have nothing to do with the S&P 500.<\/li>
  • There is a lot of differentiation in the ETF market. And that\u2019s healthy!<\/li><\/ul>\n\n\n\n

    More Charts<\/h2>\n\n\n\n

    Here we look at US Exchange Traded ETFs that only traffic in US stocks.<\/p>\n\n\n\n

    The left axis is the % of the universe and the right access is the sum of the AUM allocated to a given active share bucket.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Source: Alpha Architect and Factset<\/p>\n\n\n\n

    We do the same thing but with expense ratios:<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Source: Alpha Architect and Factset<\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based on the weightings of securities in a portfolio compared with those of its benchmark and can be used as a measure of the degree of a portfolio\u2019s active management. <\/p>\n","protected":false},"author":87,"featured_media":87979,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[339,338,341,352,344],"tags":[7560,297,262],"contributors-categories":[13651],"class_list":{"0":"post-142924","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-data-science","8":"category-ibkr-quant-news","9":"category-quant-development","10":"category-quant-north-america","11":"category-quant-regions","12":"tag-data-visualization","13":"tag-etfs","14":"tag-spy","15":"contributors-categories-alpha-architect"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nVisualizing the Robustness of the US Equity ETF Market<\/title>\n<meta name=\"description\" content=\"Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/142924\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visualizing the Robustness of the US Equity ETF Market | IBKR Quant Blog\" \/>\n<meta property=\"og:description\" content=\"Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based on the weightings of securities in a portfolio compared with those of its benchmark and can be used as a measure of the degree of a portfolio\u2019s active management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-10T17:19:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-21T14:55:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wesley Gray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wesley Gray\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Wesley Gray\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/79af876152fb4c33c997f57aafcbae0d\"\n\t },\n\t \"headline\": \"Visualizing the Robustness of the US Equity ETF Market\",\n\t \"datePublished\": \"2022-06-10T17:19:00+00:00\",\n\t \"dateModified\": \"2022-11-21T14:55:21+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/\"\n\t },\n\t \"wordCount\": 395,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/05\\\/etf-trade-gears.jpg\",\n\t \"keywords\": [\n\t \"Data Visualization\",\n\t \"ETFs\",\n\t \"SPY\"\n\t ],\n\t \"articleSection\": [\n\t \"Data Science\",\n\t \"Quant\",\n\t \"Quant Development\",\n\t \"Quant North America\",\n\t \"Quant Regions\"\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/\",\n\t \"name\": \"Visualizing the Robustness of the US Equity ETF Market | IBKR Quant Blog\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/05\\\/etf-trade-gears.jpg\",\n\t \"datePublished\": \"2022-06-10T17:19:00+00:00\",\n\t \"dateModified\": \"2022-11-21T14:55:21+00:00\",\n\t \"description\": \"Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based on the weightings of securities in a portfolio compared with those of its benchmark and can be used as a measure of the degree of a portfolio\u2019s active management.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/ibkr-quant-news\\\/visualizing-the-robustness-of-the-us-equity-etf-market\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/05\\\/etf-trade-gears.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/05\\\/etf-trade-gears.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"ETF gear\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/79af876152fb4c33c997f57aafcbae0d\",\n\t \"name\": \"Wesley Gray\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/wesley-gray\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Visualizing the Robustness of the US Equity ETF Market","description":"Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/142924\/","og_locale":"en_US","og_type":"article","og_title":"Visualizing the Robustness of the US Equity ETF Market | IBKR Quant Blog","og_description":"Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based on the weightings of securities in a portfolio compared with those of its benchmark and can be used as a measure of the degree of a portfolio\u2019s active management.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/","og_site_name":"IBKR Campus US","article_published_time":"2022-06-10T17:19:00+00:00","article_modified_time":"2022-11-21T14:55:21+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg","type":"image\/jpeg"}],"author":"Wesley Gray","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Wesley Gray","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/"},"author":{"name":"Wesley Gray","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/79af876152fb4c33c997f57aafcbae0d"},"headline":"Visualizing the Robustness of the US Equity ETF Market","datePublished":"2022-06-10T17:19:00+00:00","dateModified":"2022-11-21T14:55:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/"},"wordCount":395,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg","keywords":["Data Visualization","ETFs","SPY"],"articleSection":["Data Science","Quant","Quant Development","Quant North America","Quant Regions"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/","url":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/","name":"Visualizing the Robustness of the US Equity ETF Market | IBKR Quant Blog","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg","datePublished":"2022-06-10T17:19:00+00:00","dateModified":"2022-11-21T14:55:21+00:00","description":"Active share is the percentage of a portfolio\u2019s stock holdings that differ from its benchmark index (in this case, the S&P 500). The measure is based on the weightings of securities in a portfolio compared with those of its benchmark and can be used as a measure of the degree of a portfolio\u2019s active management.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/visualizing-the-robustness-of-the-us-equity-etf-market\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg","width":1000,"height":563,"caption":"ETF gear"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/79af876152fb4c33c997f57aafcbae0d","name":"Wesley Gray","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/wesley-gray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/05\/etf-trade-gears.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/142924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=142924"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/142924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/87979"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=142924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=142924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=142924"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=142924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}