# HOOG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, HOOG missed two times HOOD's daily return by 21.0 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.

## HOOG daily tracking

Over the 90 days to Nov 4, 2026, HOOG missed two times HOOD's daily return by 21.0 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 6.9 | −6.9 | 0.77% | −5.7 (9 days) | −7.8 (11 days) | +2.1 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 25.5 | −7.6 | 4.76% | +3.3 (10 days) | −16.6 (12 days) | +19.9 | Not significant (t 1.6) |
| 90 days to Nov 4, 2026: 22 of 63 days, from Sep 10, 2026 | NAV | 7.0 | −7.0 | 0.76% | −5.7 (9 days) | −7.9 (13 days) | +2.2 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 21.0 | −6.0 | 3.97% | +0.9 (29 days) | −11.9 (34 days) | +12.8 | Significant (t 2.1) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 19.9 | −6.3 | 3.84% | −2.7 (59 days) | −9.6 (65 days) | +6.9 | Not significant (t 1.6) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 20.4 | −6.8 | 4.00% | −5.9 (120 days) | −7.6 (131 days) | +1.7 | Not significant (t 0.6) |

### HOOG's largest daily misses

The 5 days HOOG 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 | HOOD moved | Target | HOOG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jul 29, 2026 | closing price | −3.15% | −6.30% | −7.10% | −0.81 pts |
| 2 | Jan 16, 2026 | closing price | −1.46% | −2.92% | −3.63% | −0.72 pts |
| 3 | Apr 9, 2026 | closing price | −2.38% | −4.76% | −5.43% | −0.67 pts |
| 4 | Jan 21, 2026 | closing price | +0.13% | +0.26% | +0.91% | +0.64 pts |
| 5 | Jan 28, 2026 | closing price | −1.75% | −3.50% | −2.87% | +0.63 pts |

### Method

The daily miss is HOOG's return each day less two times HOOD'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 22 of the 63 sessions. HOOG ranks 185 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether HOOD 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 HOOG 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, HOOG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/hoog/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/hoog/tracking/