As of Nov 4, 2026. Rebuilt every trading night.
FDRX daily tracking
Over the 90 days to Nov 4, 2026, FDRX missed two times Founder-Led ETF's daily return by 30.5 basis points a day on average, on its closing price.
All 4
4 of 4 · click a column to sort| # | 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) | 13.3 | −8.6 | 2.65% | −9.1 (9 days) | −8.1 (11 days) | −1.0 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 41.9 | −11.6 | 7.50% | −29.4 (11 days) | +6.3 (11 days) | −35.8 | Not significant (t −1.9) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 30.5 | −7.2 | 5.85% | −17.8 (34 days) | +5.3 (29 days) | −23.1 | Significant (t −2.6) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 30.3 | −5.8 | 6.84% | −21.0 (63 days) | +9.9 (59 days) | −30.9 | Significant (t −4.2) |
FDRX's largest daily misses
The 5 days FDRX 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 | Founder-Led ETF moved | Target | FDRX returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jul 14, 2026 | closing price | +2.68% | +5.37% | +3.48% | −1.89 pts |
| 2 | Jul 15, 2026 | closing price | −0.95% | −1.91% | −0.14% | +1.76 pts |
| 3 | Jun 29, 2026 | closing price | +3.71% | +7.41% | +5.94% | −1.47 pts |
| 4 | Jun 26, 2026 | closing price | +0.14% | +0.27% | +1.49% | +1.21 pts |
| 5 | Nov 4, 2026 | closing price | +0.78% | +1.57% | +0.71% | −0.85 pts |
The daily miss is FDRX's return each day less two times Founder-Led ETF'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. FDRX ranks 286 of 494 2x leveraged ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether Founder-Led ETF 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 FDRX is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
Cite this pageCitation, APA and Markdown
ETFIQ, FDRX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/fdrx/tracking/
ETFIQ. (Nov 4, 2026). FDRX daily tracking, listed by window. Retrieved from https://etfiq.com/funds/fdrx/tracking/
[FDRX daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/fdrx/tracking/)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.