# APPX Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, APPX missed two times APP's daily return by 15.7 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.

## APPX daily tracking

Over the 90 days to Nov 4, 2026, APPX missed two times APP's daily return by 15.7 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, 22 daily returns | closing price (stated) | 16.8 | −5.4 | 3.39% | −14.8 (10 days) | +2.4 (12 days) | −17.2 | Not significant (t −1.9) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 15.7 | −6.1 | 3.15% | −15.9 (24 days) | −0.1 (39 days) | −15.8 | Significant (t −3.1) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 17.9 | −5.2 | 3.66% | −13.6 (52 days) | +0.9 (72 days) | −14.5 | Significant (t −3.6) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 18.4 | −4.4 | 3.81% | −8.5 (117 days) | −0.9 (134 days) | −7.5 | Significant (t −2.5) |

### APPX's largest daily misses

The 5 days APPX strayed furthest from its daily target in the 1 year to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | APP moved | Target | APPX returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | May 7, 2026 | closing price | +6.41% | +12.81% | +11.97% | −0.84 pts |
| 2 | Jun 26, 2026 | closing price | +6.99% | +13.97% | +13.24% | −0.73 pts |
| 3 | Nov 6, 2025 | closing price | +0.70% | +1.40% | +0.73% | −0.67 pts |
| 4 | May 6, 2026 | closing price | −1.94% | −3.88% | −3.22% | +0.66 pts |
| 5 | Aug 4, 2026 | closing price | +3.33% | +6.67% | +6.02% | −0.64 pts |

### Method

The daily miss is APPX's return each day less two times APP'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 its NAV or its target's is not struck at the 4:00 p.m. close. APPX ranks 94 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether APP 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 APPX is listed.

### Where to next

### Sources

Links are sources, not endorsements.

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

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, APPX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/appx/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/appx/tracking/