# HPEL Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, HPEL missed two times HPE's daily return by 31.1 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.

## HPEL daily tracking

Over the 90 days to Nov 4, 2026, HPEL missed two times HPE's daily return by 31.1 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) | 6.5 | −6.5 | 0.71% | −7.6 (9 days) | −5.5 (11 days) | −2.1 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 34.0 | −8.5 | 7.17% | −9.2 (10 days) | −7.9 (12 days) | −1.2 | Not significant (t −0.1) |
| 90 days to Nov 4, 2026: 22 of 63 days, from Sep 10, 2026 | NAV | 6.2 | −6.3 | 0.69% | −7.5 (10 days) | −5.2 (12 days) | −2.4 | Not significant (t −1.3) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 31.1 | −6.4 | 6.17% | −2.2 (31 days) | −10.6 (32 days) | +8.4 | Not significant (t 0.9) |

### HPEL's largest daily misses

The 5 days HPEL 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 | HPE moved | Target | HPEL returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Sep 16, 2026 | closing price | +1.43% | +2.86% | +3.77% | +0.90 pts |
| 2 | Aug 18, 2026 | closing price | −3.33% | −6.67% | −7.41% | −0.75 pts |
| 3 | Sep 8, 2026 | closing price | +7.75% | +15.50% | +14.76% | −0.74 pts |
| 4 | Nov 4, 2026 | closing price | −5.67% | −11.34% | −12.03% | −0.69 pts |
| 5 | Oct 1, 2026 | closing price | +1.08% | +2.16% | +2.72% | +0.56 pts |

### Method

The daily miss is HPEL's return each day less two times HPE'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. HPEL ranks 292 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether HPE 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 HPEL 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, HPEL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/hpel/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/hpel/tracking/