# CRD Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, CRD missed two times CRDO's daily return by 58.2 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.

## CRD daily tracking

Over the 90 days to Nov 4, 2026, CRD missed two times CRDO's daily return by 58.2 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) | 6.6 | −4.4 | 1.18% | −11.3 (7 days) | −0.7 (13 days) | −10.6 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 49.4 | −9.0 | 9.73% | −14.0 (8 days) | −6.1 (14 days) | −7.9 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 58.2 | −9.3 | 12.04% | −33.6 (29 days) | +11.3 (34 days) | −45.0 | Significant (t −2.4) |

### CRD's largest daily misses

The 5 days CRD 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 | CRDO moved | Target | CRD returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 7, 2026 | closing price | +8.45% | +16.89% | +14.52% | −2.37 pts |
| 2 | Sep 4, 2026 | closing price | +3.90% | +7.80% | +5.52% | −2.28 pts |
| 3 | Sep 1, 2026 | closing price | −8.65% | −17.30% | −15.65% | +1.65 pts |
| 4 | Sep 22, 2026 | closing price | +2.82% | +5.65% | +4.39% | −1.26 pts |
| 5 | Sep 11, 2026 | closing price | +1.65% | +3.29% | +2.09% | −1.20 pts |

### Method

The daily miss is CRD's return each day less two times CRDO'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. CRD ranks 456 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether CRDO 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 CRD 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, CRD daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/crd/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/crd/tracking/