# IONC Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, IONC missed two times IONQ's daily return by 52.9 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.

## IONC daily tracking

Over the 90 days to Nov 4, 2026, IONC missed two times IONQ's daily return by 52.9 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) | 7.1 | −2.1 | 1.60% | −11.0 (7 days) | +2.7 (13 days) | −13.8 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 49.2 | −6.9 | 9.98% | +20.1 (8 days) | −22.3 (14 days) | +42.3 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 52.9 | −6.5 | 11.04% | −3.0 (28 days) | −9.4 (35 days) | +6.4 | Not significant (t 0.4) |

### IONC's largest daily misses

The 5 days IONC 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 | IONQ moved | Target | IONC returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 5, 2026 | closing price | −1.83% | −3.66% | −1.36% | +2.30 pts |
| 2 | Oct 2, 2026 | closing price | −0.50% | −1.00% | −3.00% | −2.00 pts |
| 3 | Nov 4, 2026 | closing price | −1.50% | −3.00% | −4.85% | −1.84 pts |
| 4 | Aug 12, 2026 | closing price | +4.05% | +8.10% | +6.88% | −1.23 pts |
| 5 | Sep 9, 2026 | closing price | −5.76% | −11.51% | −10.36% | +1.16 pts |

### Method

The daily miss is IONC's return each day less two times IONQ'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. IONC ranks 443 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether IONQ 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 IONC 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, IONC daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/ionc/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/ionc/tracking/