# ETHU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, ETHU missed two times Ether's daily return by 14.6 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.

## ETHU daily tracking

Over the 90 days to Nov 4, 2026, ETHU missed two times Ether's daily return by 14.6 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, 22 daily returns | closing price (stated) | 15.6 | −2.3 | 2.94% | −1.4 (11 days) | −3.2 (11 days) | +1.9 | Not significant (t 0.2) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 14.6 | −4.8 | 2.82% | −2.5 (34 days) | −7.5 (29 days) | +5.0 | Not significant (t 1.1) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 13.6 | −4.8 | 2.78% | −4.5 (61 days) | −5.0 (63 days) | +0.6 | Not significant (t 0.2) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 14.9 | −5.0 | 3.47% | −2.4 (121 days) | −7.4 (130 days) | +5.1 | Not significant (t 1.8) |

### ETHU's largest daily misses

The 5 days ETHU 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 | Ether moved | Target | ETHU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Nov 28, 2025 | closing price | +1.08% | +2.15% | +0.52% | −1.64 pts |
| 2 | Dec 1, 2025 | closing price | −9.79% | −19.59% | −18.60% | +0.98 pts |
| 3 | Feb 6, 2026 | closing price | +10.06% | +20.12% | +20.97% | +0.85 pts |
| 4 | Jun 8, 2026 | closing price | +7.05% | +14.11% | +13.36% | −0.74 pts |
| 5 | Jan 2, 2026 | closing price | +4.89% | +9.78% | +10.35% | +0.56 pts |

### Method

The daily miss is ETHU's return each day less two times Ether'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 its NAV or its target's is not struck at the 4:00 p.m. close. ETHU ranks 80 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether Ether 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 ETHU 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, ETHU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/ethu/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/ethu/tracking/