As of Nov 4, 2026. Rebuilt every trading night.
BZQ daily tracking
Over the 90 days to Nov 4, 2026, BZQ missed minus two times MSCI Brazil Capped's daily return by 24.7 basis points a day on average, on its closing price.
All 4
4 of 4 · click a column to sort| # | 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) | 26.1 | +5.5 | 4.82% | +15.2 (9 days) | +0.5 (12 days) | +14.7 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 24.7 | +2.2 | 5.41% | +2.6 (30 days) | +2.6 (32 days) | 0.0 | Not significant (t −0.0) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 28.7 | +3.4 | 6.07% | +0.8 (56 days) | +5.7 (66 days) | −4.9 | Not significant (t −0.7) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 22.0 | +3.3 | 4.83% | +3.5 (125 days) | +2.8 (123 days) | +0.7 | Not significant (t 0.2) |
BZQ's largest daily misses
The 5 days BZQ 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 | MSCI Brazil Capped moved | Target | BZQ returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Aug 14, 2026 | closing price | +0.47% | −0.95% | +0.35% | +1.30 pts |
| 2 | Jul 9, 2026 | closing price | +1.60% | −3.20% | −4.27% | −1.08 pts |
| 3 | Aug 17, 2026 | closing price | +0.12% | −0.24% | −1.29% | −1.05 pts |
| 4 | Aug 6, 2026 | closing price | −0.83% | +1.66% | +2.65% | +0.99 pts |
| 5 | Jun 5, 2026 | closing price | −2.21% | +4.43% | +5.41% | +0.98 pts |
The daily miss is BZQ's return each day less minus two times MSCI Brazil Capped'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. BZQ ranks 53 of 75 2x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether MSCI Brazil Capped 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. MSCI Brazil Capped is itself an ETF, so its own fee and tracking are inside the miss. 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 BZQ is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, BZQ daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/bzq/tracking/
ETFIQ. (Nov 4, 2026). BZQ daily tracking, listed by window. Retrieved from https://etfiq.com/funds/bzq/tracking/
[BZQ daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/bzq/tracking/)
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