# AXTL Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, AXTL missed two times AXTI's daily return by 45.3 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.

## AXTL daily tracking

Over the 90 days to Nov 4, 2026, AXTL missed two times AXTI's daily return by 45.3 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) | 23.0 | −9.7 | 4.53% | −9.6 (9 days) | −9.8 (11 days) | +0.3 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 45.5 | −6.8 | 8.24% | +17.5 (9 days) | −23.7 (13 days) | +41.2 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 45.3 | −8.3 | 10.63% | −10.9 (31 days) | −5.8 (32 days) | −5.1 | Not significant (t −0.3) |

### AXTL's largest daily misses

The 5 days AXTL 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 | AXTI moved | Target | AXTL returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 31, 2026 | closing price | +3.38% | +6.75% | +3.70% | −3.05 pts |
| 2 | Sep 1, 2026 | closing price | −7.42% | −14.85% | −12.50% | +2.35 pts |
| 3 | Sep 24, 2026 | closing price | +4.00% | +8.00% | +6.62% | −1.38 pts |
| 4 | Sep 25, 2026 | closing price | +4.01% | +8.01% | +8.85% | +0.84 pts |
| 5 | Sep 30, 2026 | closing price | −0.98% | −1.97% | −1.18% | +0.79 pts |

### Method

The daily miss is AXTL's return each day less two times AXTI'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. AXTL ranks 414 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether AXTI 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 AXTL 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, AXTL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/axtl/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/axtl/tracking/