# BMNU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, BMNU missed two times BMNR's daily return by 34.5 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.

## BMNU daily tracking

Over the 90 days to Nov 4, 2026, BMNU missed two times BMNR's daily return by 34.5 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: 13 of 22 days, from Oct 16, 2026 | NAV | 11.0 | −11.0 | 0.93% | −8.2 (5 days) | −12.7 (8 days) | +4.6 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 31.1 | −12.9 | 5.52% | −17.5 (7 days) | −10.7 (15 days) | −6.8 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 34.5 | −11.0 | 6.26% | −14.9 (28 days) | −7.8 (35 days) | −7.2 | Not significant (t −0.7) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 45.5 | −13.3 | 8.69% | −35.6 (57 days) | +5.7 (67 days) | −41.3 | Significant (t −4.5) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 46.7 | −16.5 | 9.07% | −32.6 (115 days) | −2.9 (136 days) | −29.7 | Significant (t −4.2) |

### BMNU's largest daily misses

The 5 days BMNU 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 | BMNR moved | Target | BMNU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jan 2, 2026 | closing price | +14.88% | +29.76% | +27.82% | −1.94 pts |
| 2 | Nov 21, 2025 | closing price | −0.08% | −0.15% | −2.05% | −1.89 pts |
| 3 | Jun 11, 2026 | closing price | +5.63% | +11.25% | +9.53% | −1.72 pts |
| 4 | Feb 6, 2026 | closing price | +17.64% | +35.29% | +33.73% | −1.55 pts |
| 5 | Jun 26, 2026 | closing price | +1.80% | +3.60% | +2.16% | −1.44 pts |

### Method

The daily miss is BMNU's return each day less two times BMNR'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 13 of the 63 sessions. BMNU ranks 327 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether BMNR 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 BMNU 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

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