# ALA Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, ALA missed two times ALAB's daily return by 65.5 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.

## ALA daily tracking

Over the 90 days to Nov 4, 2026, ALA missed two times ALAB's daily return by 65.5 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 6.1 | −2.0 | 1.12% | −6.5 (8 days) | +1.1 (12 days) | −7.6 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 72.0 | −14.4 | 15.80% | −29.6 (9 days) | −3.8 (13 days) | −25.9 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 65.5 | −10.7 | 14.99% | −20.2 (31 days) | −1.4 (32 days) | −18.8 | Not significant (t −0.8) |

### ALA's largest daily misses

The 5 days ALA 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 | ALAB moved | Target | ALA returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 12, 2026 | closing price | +2.18% | +4.37% | +7.41% | +3.05 pts |
| 2 | Nov 4, 2026 | closing price | −4.43% | −8.86% | −11.87% | −3.01 pts |
| 3 | Aug 13, 2026 | closing price | +1.25% | +2.50% | +0.01% | −2.48 pts |
| 4 | Aug 7, 2026 | closing price | +0.81% | +1.61% | −0.78% | −2.39 pts |
| 5 | Aug 10, 2026 | closing price | −5.07% | −10.14% | −8.46% | +1.68 pts |

### Method

The daily miss is ALA's return each day less two times ALAB'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 20 of the 63 sessions. ALA ranks 468 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether ALAB 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. 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 ALA 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, ALA daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/ala/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/ala/tracking/