# CONX Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, CONX missed two times COIN's daily return by 18.6 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.

## CONX daily tracking

Over the 90 days to Nov 4, 2026, CONX missed two times COIN's daily return by 18.6 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: 16 of 22 days, from Oct 7, 2026 | NAV | 6.3 | −3.8 | 1.45% | −6.4 (6 days) | −2.2 (10 days) | −4.2 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 28.4 | −5.1 | 7.80% | −16.9 (10 days) | +4.8 (12 days) | −21.7 | Not significant (t −1.0) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 18.6 | −5.9 | 4.97% | −12.3 (30 days) | −0.1 (33 days) | −12.2 | Not significant (t −1.5) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 18.3 | −6.0 | 4.40% | −11.6 (56 days) | −1.4 (68 days) | −10.3 | Significant (t −2.0) |

### CONX's largest daily misses

The 5 days CONX strayed furthest from its daily target in the 180 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | COIN moved | Target | CONX returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 3, 2026 | closing price | +0.16% | +0.33% | −0.42% | −0.74 pts |
| 2 | Jul 31, 2026 | closing price | −10.59% | −21.18% | −20.53% | +0.64 pts |
| 3 | Jul 21, 2026 | closing price | +9.61% | +19.22% | +18.63% | −0.59 pts |
| 4 | May 14, 2026 | closing price | +5.06% | +10.12% | +9.57% | −0.55 pts |
| 5 | Aug 31, 2026 | closing price | +5.31% | +10.61% | +10.14% | −0.47 pts |

### Method

The daily miss is CONX's return each day less two times COIN'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 16 of the 63 sessions. CONX ranks 146 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether COIN 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. 1 NAV day was held out, where the NAV and the closing price disagreed about the day: Oct 23, 2026. 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 CONX 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, CONX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/conx/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/conx/tracking/