{"url":"https://etfiq.com/funds/indl/tracking/","section":"funds","title":"INDL Tracking Error: Up vs Down Days | ETFIQ","description":"Over the 90 days to Nov 4, 2026, INDL missed two times MSCI India's daily return by 8.5 basis points a day on average, on its closing price.","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"INDL daily tracking","numberOfItems":4,"itemListOrder":"https://schema.org/ItemListUnordered","itemListElement":[{"@type":"ListItem","position":1,"name":"30 days to Nov 4, 2026, 22 daily returns"},{"@type":"ListItem","position":2,"name":"90 days to Nov 4, 2026, 63 daily returns"},{"@type":"ListItem","position":3,"name":"180 days to Nov 4, 2026, 124 daily returns"},{"@type":"ListItem","position":4,"name":"1 year to Nov 4, 2026, 251 daily returns"}]},{"@type":"Dataset","name":"INDL daily tracking","description":"Over the 90 days to Nov 4, 2026, INDL missed two times MSCI India's daily return by 8.5 basis points a day on average, on its closing price.","url":"https://etfiq.com/funds/indl/tracking/","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"INDL","item":"https://etfiq.com/funds/indl"},{"@type":"ListItem","position":3,"name":"Tracking","item":"https://etfiq.com/funds/indl/tracking/"}]},{"@type":"WebPage","name":"INDL Tracking Error: Up vs Down Days","description":"Over the 90 days to Nov 4, 2026, INDL missed two times MSCI India's daily return by 8.5 basis points a day on average, on its closing price.","url":"https://etfiq.com/funds/indl/tracking/","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4016,"truncated":false,"content":"ETFIQ / INDL / Tracking \n \n As of Nov 4, 2026 . Rebuilt every trading night.\n INDL daily tracking\n Over the 90 days to Nov 4, 2026, INDL missed two times MSCI India's daily return by 8.5 basis points a day on average, on its closing price.\n INDL daily tracking, listed by window, as of Nov 4, 2026. Each row names its window, its last day and its count of daily returns. Source: ETFIQ. Window Read on Average daily miss, bp Signed average, bp Tracking error Up days, bp Down days, bp Up less down, bp Confidence \n 30 days to Nov 4, 2026, 22 daily returns closing price (stated) 8.8 \u22122.3 1.86% \u22123.5 (15 days) +0.1 (7 days) \u22123.6 Not enough days \n 90 days to Nov 4, 2026, 63 daily returns closing price (stated) 8.5 \u22122.2 1.83% \u22121.1 (31 days) \u22123.2 (32 days) +2.0 Not significant (t 0.7) \n 180 days to Nov 4, 2026, 124 daily returns closing price (stated) 11.1 \u22122.2 2.31% \u22122.4 (63 days) \u22122.1 (60 days) \u22120.3 Not significant (t \u22120.1) \n 1 year to Nov 4, 2026, 251 daily returns closing price (stated) 11.8 \u22122.3 2.42% \u22120.9 (126 days) \u22123.8 (124 days) +2.9 Not significant (t 1.5) \n \n INDL's largest daily misses\n The 5 days INDL 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.\n INDL's largest daily misses, as of Nov 4, 2026. Source: ETFIQ. # Day Read on MSCI India moved Target INDL returned Miss \n 1 Apr 1, 2026 closing price \u22120.28% \u22120.56% \u22120.10% +0.46 pts \n 2 Jul 31, 2026 closing price +0.20% +0.40% +0.82% +0.42 pts \n 3 Aug 3, 2026 closing price +0.72% +1.45% +1.05% \u22120.40 pts \n 4 Apr 24, 2026 closing price +0.34% +0.69% +0.33% \u22120.36 pts \n 5 Nov 20, 2025 closing price \u22120.20% \u22120.40% \u22120.74% \u22120.34 pts \n \n Method\n The daily miss is INDL's return each day less two times MSCI India'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 its NAV or its target's is not struck at the 4:00 p.m. close. INDL ranks 15 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether MSCI India 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. MSCI India is itself an ETF, so its own fee and tracking are inside the miss. 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 INDL is listed.\n Where to next\n INDL fund page 2x leveraged ETFs ranked by daily tracking Leveraged ETF tracking by issuer How daily tracking is measured The tracking data file Sources\n The multiple each fund states in its own registered name, from the SEC investment company series and class file SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, INDL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/indl/tracking/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, INDL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/indl/tracking/ APA ETFIQ. (Nov 4, 2026). INDL daily tracking, listed by window. Retrieved from https://etfiq.com/funds/indl/tracking/ Markdown [INDL daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/indl/tracking/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, INDL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/indl/tracking/"}