# ENTL Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, ENTL missed two times ENTG's daily return by 41.8 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.

## ENTL daily tracking

Over the 90 days to Nov 4, 2026, ENTL missed two times ENTG's daily return by 41.8 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) | 9.2 | −8.9 | 1.38% | −11.3 (10 days) | −6.5 (10 days) | −4.8 | Not significant (t −1.2) |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 47.9 | −12.2 | 8.81% | −23.3 (10 days) | −3.0 (12 days) | −20.3 | Not significant (t −0.8) |
| 90 days to Nov 4, 2026: 21 of 63 days, from Sep 11, 2026 | NAV | 9.1 | −8.8 | 1.34% | −10.8 (11 days) | −6.5 (10 days) | −4.3 | Not significant (t −1.2) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 41.8 | −11.3 | 8.42% | −17.7 (36 days) | −2.7 (27 days) | −15.0 | Not significant (t −1.1) |

### ENTL's largest daily misses

The 5 days ENTL 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 | ENTG moved | Target | ENTL returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 7, 2026 | closing price | +6.61% | +13.22% | +11.47% | −1.75 pts |
| 2 | Nov 4, 2026 | closing price | −6.47% | −12.95% | −14.13% | −1.18 pts |
| 3 | Sep 18, 2026 | closing price | +5.63% | +11.26% | +10.14% | −1.12 pts |
| 4 | Sep 17, 2026 | closing price | +3.43% | +6.87% | +7.95% | +1.08 pts |
| 5 | Sep 9, 2026 | closing price | +1.38% | +2.75% | +1.69% | −1.06 pts |

### Method

The daily miss is ENTL's return each day less two times ENTG'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 21 of the 63 sessions. ENTL ranks 387 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether ENTG 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 ENTL 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, ENTL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/entl/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/entl/tracking/