# GMEU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, GMEU missed two times GME's daily return by 32.7 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.

## GMEU daily tracking

Over the 90 days to Nov 4, 2026, GMEU missed two times GME's daily return by 32.7 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: 13 of 22 days, from Oct 16, 2026 | NAV | 11.6 | −11.6 | 1.17% | −5.4 (4 days) | −14.3 (9 days) | +8.9 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 34.7 | −11.2 | 6.74% | −8.7 (9 days) | −12.9 (13 days) | +4.2 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 32.7 | −12.8 | 6.28% | −7.5 (35 days) | −19.5 (28 days) | +12.0 | Not significant (t 1.2) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 33.2 | −12.6 | 6.25% | −7.9 (61 days) | −17.2 (62 days) | +9.3 | Not significant (t 1.3) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 33.7 | −13.0 | 6.57% | −11.8 (124 days) | −14.0 (123 days) | +2.2 | Not significant (t 0.4) |

### GMEU's largest daily misses

The 5 days GMEU 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 | GME moved | Target | GMEU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Apr 30, 2026 | closing price | +1.75% | +3.51% | +1.94% | −1.57 pts |
| 2 | Apr 2, 2026 | closing price | +2.64% | +5.27% | +3.93% | −1.35 pts |
| 3 | Apr 1, 2026 | closing price | −1.22% | −2.43% | −1.28% | +1.15 pts |
| 4 | Apr 17, 2026 | closing price | −2.50% | −5.00% | −6.04% | −1.03 pts |
| 5 | Sep 18, 2026 | closing price | −0.57% | −1.14% | −2.14% | −1.00 pts |

### Method

The daily miss is GMEU's return each day less two times GME'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 13 of the 63 sessions. GMEU ranks 313 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether GME 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 GMEU 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, GMEU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/gmeu/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/gmeu/tracking/