# CCUP Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, CCUP missed two times CRCL's daily return by 39.0 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.

## CCUP daily tracking

Over the 90 days to Nov 4, 2026, CCUP missed two times CRCL's daily return by 39.0 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 | 4.9 | −4.9 | 0.62% | −2.1 (5 days) | −6.7 (8 days) | +4.6 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 36.5 | −4.0 | 7.12% | −5.2 (10 days) | −5.1 (11 days) | −0.1 | Not significant (t −0.0) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 39.0 | −2.1 | 8.23% | +3.0 (32 days) | −8.3 (30 days) | +11.3 | Not significant (t 0.8) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 41.6 | −3.7 | 8.68% | −6.6 (57 days) | −1.5 (65 days) | −5.1 | Not significant (t −0.5) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 37.2 | −5.3 | 7.87% | −9.6 (121 days) | −0.9 (127 days) | −8.7 | Not significant (t −1.4) |

### CCUP's largest daily misses

The 5 days CCUP 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 | CRCL moved | Target | CCUP returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 5, 2026 | closing price | +2.52% | +5.05% | +6.84% | +1.80 pts |
| 2 | Jun 4, 2026 | closing price | +0.45% | +0.91% | −0.87% | −1.78 pts |
| 3 | Nov 12, 2025 | closing price | −12.21% | −24.42% | −26.08% | −1.66 pts |
| 4 | Feb 6, 2026 | closing price | +13.56% | +27.12% | +25.45% | −1.66 pts |
| 5 | May 8, 2026 | closing price | +0.37% | +0.74% | −0.69% | −1.43 pts |

### Method

The daily miss is CCUP's return each day less two times CRCL'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. CCUP ranks 364 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether CRCL 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 CCUP 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, CCUP daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/ccup/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/ccup/tracking/