# FCXG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, FCXG missed two times FCX's daily return by 83.0 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.

## FCXG daily tracking

Over the 90 days to Nov 4, 2026, FCXG missed two times FCX's daily return by 83.0 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) | 199.5 | +87.9 | 60.88% | −123.2 (9 days) | +234.1 (13 days) | −357.3 | Not enough days |
| 90 days to Nov 4, 2026: 10 of 63 days, from Sep 11, 2026 | NAV | 5.5 | −5.3 | 0.68% | −6.4 (3 days) | −4.8 (7 days) | −1.6 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 83.0 | +29.0 | 36.24% | −36.0 (29 days) | +84.5 (34 days) | −120.5 | Significant (t −2.3) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 60.7 | +11.5 | 26.67% | −21.7 (60 days) | +42.6 (64 days) | −64.3 | Significant (t −2.2) |

### FCXG's largest daily misses

The 5 days FCXG 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 | FCX moved | Target | FCXG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 22, 2026 | closing price | −6.26% | −12.51% | 0.00% | +12.51 pts |
| 2 | Oct 30, 2026 | closing price | −5.55% | −11.10% | 0.00% | +11.10 pts |
| 3 | Nov 3, 2026 | closing price | −1.91% | −3.81% | 0.00% | +3.81 pts |
| 4 | Nov 4, 2026 | closing price | +1.34% | +2.69% | 0.00% | −2.69 pts |
| 5 | Oct 20, 2026 | closing price | −1.26% | −2.52% | 0.00% | +2.52 pts |

### Method

The daily miss is FCXG's return each day less two times FCX'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 10 of the 63 sessions. FCXG ranks 488 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether FCX 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 FCXG 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, FCXG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/fcxg/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/fcxg/tracking/