# LMTL Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, LMTL missed two times LMT's daily return by 19.6 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.

## LMTL daily tracking

Over the 90 days to Nov 4, 2026, LMTL missed two times LMT's daily return by 19.6 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: 19 of 22 days, from Oct 7, 2026 | NAV (stated) | 3.9 | −3.9 | 0.33% | −4.1 (14 days) | −3.6 (5 days) | −0.5 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 27.0 | −5.6 | 5.78% | −9.0 (15 days) | +1.6 (7 days) | −10.6 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 19.6 | −4.0 | 4.17% | −6.5 (33 days) | −1.3 (30 days) | −5.2 | Not significant (t −0.8) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 24.5 | −4.8 | 5.02% | −9.0 (62 days) | −0.7 (62 days) | −8.2 | Not significant (t −1.5) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 21.8 | −4.4 | 4.58% | −5.8 (125 days) | −3.1 (126 days) | −2.8 | Not significant (t −0.8) |

### LMTL's largest daily misses

The 5 days LMTL 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 | LMT moved | Target | LMTL returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Apr 7, 2026 | closing price | −1.60% | −3.20% | −4.27% | −1.07 pts |
| 2 | May 22, 2026 | closing price | +2.00% | +4.00% | +3.04% | −0.96 pts |
| 3 | May 26, 2026 | closing price | −0.06% | −0.13% | +0.71% | +0.84 pts |
| 4 | Jun 18, 2026 | closing price | −4.01% | −8.03% | −7.19% | +0.84 pts |
| 5 | Apr 8, 2026 | closing price | +0.13% | +0.25% | +1.00% | +0.74 pts |

### Method

The daily miss is LMTL's return each day less two times LMT'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 19 of the 63 sessions. LMTL ranks 164 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether LMT 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. 1 NAV day was held out, where the NAV and the closing price disagreed about the day: Nov 3, 2026. 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 LMTL 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

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, LMTL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/lmtl/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/lmtl/tracking/