# AKAL Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, AKAL missed two times AKAM's daily return by 36.4 basis points a day on average, on its closing price.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## AKAL daily tracking

Over the 90 days to Nov 4, 2026, AKAL missed two times AKAM's daily return by 36.4 basis points a day on average, on its closing price.

| Window | Read on | Average daily miss, bp | Signed average, bp | Tracking error | Up days, bp | Down days, bp | Up less down, bp | Confidence |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 30 days to Nov 4, 2026: 11 of 22 days, from Oct 19, 2026 | NAV | 10.2 | +0.8 | 3.11% | −4.9 (6 days) | +7.6 (5 days) | −12.4 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 50.0 | −4.7 | 11.15% | −11.0 (10 days) | +0.6 (12 days) | −11.6 | Not significant (t −0.4) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 36.4 | −5.8 | 7.90% | −10.4 (28 days) | −2.2 (35 days) | −8.3 | Not significant (t −0.7) |

### AKAL's largest daily misses

The 5 days AKAL strayed furthest from its daily target in the 90 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | AKAM moved | Target | AKAL returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 9, 2026 | closing price | +6.00% | +11.99% | +10.96% | −1.03 pts |
| 2 | Sep 29, 2026 | closing price | −0.50% | −0.99% | −1.77% | −0.78 pts |
| 3 | Sep 21, 2026 | closing price | +12.33% | +24.67% | +23.90% | −0.76 pts |
| 4 | Sep 30, 2026 | closing price | −1.94% | −3.87% | −3.16% | +0.71 pts |
| 5 | Sep 1, 2026 | closing price | −1.99% | −3.98% | −4.58% | −0.60 pts |

### Method

The daily miss is AKAL's return each day less two times AKAM's return that day. A basis point is a hundredth of a percentage point. Each window is read twice where ETFIQ holds both NAVs: on NAVs, and on closing prices. It is stated on the closing price because NAVs for 11 of the 63 sessions. AKAL ranks 338 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether AKAM rose or fell; Significant means the gap is at least two standard errors from zero. The average miss carries its sign: a negative one is what the fund kept below its target each day, its fees and financing among it. 1 NAV day was held out, where the NAV and the closing price disagreed about the day: Oct 29, 2026. Not every fund here has traded for a year, and a number over eight months does not order against one over twelve. This page lists each fund with its window and dates instead of ranking them. It becomes a ranking on the night four of them share a full year. Every window ETFIQ can measure for AKAL is listed.

### Where to next

### Sources

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A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, AKAL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/akal/tracking/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/akal/tracking/