As of Nov 4, 2026. Rebuilt every trading night.
GGLS daily tracking
Over the 90 days to Nov 4, 2026, GGLS missed minus one times GOOGL's daily return by 6.2 basis points a day on average, on its closing price.
All 5
5 of 5 · 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) | 2.4 | +2.3 | 0.22% | +2.3 (9 days) | +2.3 (11 days) | 0.0 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 7.4 | +1.6 | 1.54% | +1.3 (11 days) | +2.0 (11 days) | −0.8 | Not significant (t −0.2) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 6.2 | +2.1 | 1.31% | +2.1 (31 days) | +2.1 (32 days) | 0.0 | Not significant (t 0.0) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 8.7 | +2.2 | 1.83% | +2.5 (58 days) | +1.9 (66 days) | +0.6 | Not significant (t 0.3) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 8.4 | +2.1 | 1.75% | +1.8 (124 days) | +2.5 (127 days) | −0.7 | Not significant (t −0.5) |
GGLS's largest daily misses
The 5 days GGLS 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 | GOOGL moved | Target | GGLS returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jun 26, 2026 | closing price | −1.84% | +1.84% | +2.18% | +0.34 pts |
| 2 | May 21, 2026 | closing price | −0.32% | +0.32% | +0.63% | +0.31 pts |
| 3 | Jun 23, 2026 | closing price | −1.02% | +1.02% | +0.73% | −0.29 pts |
| 4 | Aug 10, 2026 | closing price | +0.91% | −0.91% | −0.62% | +0.29 pts |
| 5 | Jun 5, 2026 | closing price | −0.98% | +0.98% | +1.26% | +0.28 pts |
The daily miss is GGLS's return each day less minus one times GOOGL'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. GGLS ranks 8 of 34 1x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether GOOGL 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 GGLS is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, GGLS daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/ggls/tracking/
ETFIQ. (Nov 4, 2026). GGLS daily tracking, listed by window. Retrieved from https://etfiq.com/funds/ggls/tracking/
[GGLS daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/ggls/tracking/)
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