# FOMG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, FOMG missed two times FORM's daily return by 38.9 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.

## FOMG daily tracking

Over the 90 days to Nov 4, 2026, FOMG missed two times FORM's daily return by 38.9 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 10.0 | −7.9 | 1.60% | −8.5 (8 days) | −7.4 (12 days) | −1.1 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 35.2 | −5.3 | 7.59% | +9.4 (8 days) | −13.7 (14 days) | +23.1 | Not enough days |
| 90 days to Nov 4, 2026: 21 of 63 days, from Sep 11, 2026 | NAV | 10.4 | −8.4 | 1.61% | −9.7 (9 days) | −7.4 (12 days) | −2.3 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 38.9 | −8.3 | 7.99% | −3.0 (33 days) | −14.1 (30 days) | +11.1 | Not significant (t 0.9) |

### FOMG's largest daily misses

The 5 days FOMG 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 | FORM moved | Target | FOMG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Sep 15, 2026 | closing price | −1.21% | −2.43% | −3.99% | −1.56 pts |
| 2 | Sep 17, 2026 | closing price | +6.40% | +12.80% | +14.02% | +1.21 pts |
| 3 | Aug 7, 2026 | closing price | +1.89% | +3.78% | +2.77% | −1.02 pts |
| 4 | Sep 22, 2026 | closing price | +5.62% | +11.23% | +10.34% | −0.89 pts |
| 5 | Oct 1, 2026 | closing price | −0.58% | −1.17% | −2.00% | −0.83 pts |

### Method

The daily miss is FOMG's return each day less two times FORM'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. FOMG ranks 362 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether FORM 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 FOMG 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, FOMG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/fomg/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/fomg/tracking/