As of Nov 4, 2026. Rebuilt every trading night.
IREZ daily tracking
Over the 90 days to Nov 4, 2026, IREZ missed minus two times IREN's daily return by 22.4 basis points a day on average, on its closing price.
All 3
3 of 3 · click a column to sort| # | 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, 22 daily returns | closing price (stated) | 22.7 | −0.4 | 4.62% | −7.7 (7 days) | +0.5 (14 days) | −8.2 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 22.4 | +1.2 | 4.44% | +0.8 (27 days) | +0.5 (35 days) | +0.3 | Not significant (t 0.1) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 21.7 | +0.4 | 4.39% | +1.8 (47 days) | −0.9 (76 days) | +2.7 | Not significant (t 0.5) |
IREZ's largest daily misses
The 5 days IREZ strayed furthest from its daily target in the 180 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.
| # | Day | Read on | IREN moved | Target | IREZ returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Aug 5, 2026 | closing price | −4.80% | +9.60% | +8.71% | −0.89 pts |
| 2 | Jul 31, 2026 | closing price | −3.82% | +7.63% | +6.91% | −0.72 pts |
| 3 | Aug 13, 2026 | closing price | +2.50% | −4.99% | −4.30% | +0.69 pts |
| 4 | Oct 27, 2026 | closing price | +7.90% | −15.81% | −15.17% | +0.64 pts |
| 5 | Jul 20, 2026 | closing price | +19.57% | −39.14% | −39.71% | −0.56 pts |
The daily miss is IREZ's return each day less minus two times IREN'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. IREZ ranks 46 of 75 2x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether IREN 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 IREZ is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, IREZ daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/irez/tracking/
ETFIQ. (Nov 4, 2026). IREZ daily tracking, listed by window. Retrieved from https://etfiq.com/funds/irez/tracking/
[IREZ daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/irez/tracking/)
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