# APMI Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, APMI missed two times AMAT's daily return by 29.6 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.

## APMI daily tracking

Over the 90 days to Nov 4, 2026, APMI missed two times AMAT's daily return by 29.6 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) | 6.7 | −3.8 | 1.85% | −7.1 (8 days) | −1.6 (12 days) | −5.5 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 28.7 | −5.6 | 5.60% | −7.4 (8 days) | −4.6 (14 days) | −2.7 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 29.6 | −6.3 | 5.91% | −13.9 (28 days) | −0.2 (35 days) | −13.7 | Not significant (t −1.4) |

### APMI's largest daily misses

The 5 days APMI 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 | AMAT moved | Target | APMI returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 7, 2026 | closing price | +2.21% | +4.42% | +3.29% | −1.13 pts |
| 2 | Oct 2, 2026 | closing price | +2.03% | +4.06% | +3.05% | −1.01 pts |
| 3 | Aug 13, 2026 | closing price | −2.48% | −4.97% | −4.22% | +0.74 pts |
| 4 | Sep 17, 2026 | closing price | +0.49% | +0.97% | +1.58% | +0.61 pts |
| 5 | Aug 14, 2026 | closing price | −5.12% | −10.24% | −10.82% | −0.58 pts |

### Method

The daily miss is APMI's return each day less two times AMAT'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. APMI ranks 279 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether AMAT 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 APMI 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, APMI daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/apmi/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/apmi/tracking/