# DRIP Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, DRIP missed its daily target by 10.9 basis points a day on average. No fund is recommended.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## DRIP daily tracking

Over the 90 days to Nov 4, 2026, DRIP missed minus two times S&P Oil & Gas Exp. & Prod.'s daily return by 10.9 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: 19 of 22 days, from Oct 7, 2026 | NAV (stated) | 4.3 | +4.3 | 0.55% | +4.9 (9 days) | +3.7 (10 days) | +1.2 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 10.3 | +3.3 | 2.08% | +4.6 (10 days) | +2.3 (12 days) | +2.3 | Not significant (t 0.4) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 10.9 | +4.1 | 2.17% | +5.1 (38 days) | +2.6 (25 days) | +2.5 | Not significant (t 0.7) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 13.0 | +3.9 | 2.65% | +3.3 (69 days) | +4.6 (55 days) | −1.3 | Not significant (t −0.4) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 13.8 | +4.2 | 2.72% | +3.7 (145 days) | +5.0 (105 days) | −1.3 | Not significant (t −0.6) |

### DRIP's largest daily misses

The 5 days DRIP 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 | S&P Oil & Gas Exp. & Prod. moved | Target | DRIP returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | May 21, 2026 | closing price | −2.34% | +4.67% | +4.18% | −0.49 pts |
| 2 | Jun 17, 2026 | closing price | −0.90% | +1.81% | +2.30% | +0.49 pts |
| 3 | Mar 10, 2026 | closing price | −1.74% | +3.49% | +3.94% | +0.45 pts |
| 4 | Apr 29, 2026 | closing price | +3.54% | −7.07% | −6.62% | +0.45 pts |
| 5 | Sep 9, 2026 | closing price | +0.57% | −1.13% | −0.70% | +0.43 pts |

### Method

The daily miss is DRIP's return each day less minus two times S&P Oil & Gas Exp. & Prod.'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 19 of the 63 sessions. DRIP ranks 11 of 75 2x inverse ETFs on its 90-day average daily miss. Up days and down days split the miss by whether S&P Oil & Gas Exp. & Prod. 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. S&P Oil & Gas Exp. & Prod. 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 DRIP 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, DRIP daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/drip/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/drip/tracking/