# MCHU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, MCHU missed two times MCHP's daily return by 38.6 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.

## MCHU daily tracking

Over the 90 days to Nov 4, 2026, MCHU missed two times MCHP's daily return by 38.6 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, 22 daily returns | closing price (stated) | 40.9 | −5.1 | 10.28% | −17.4 (10 days) | +5.2 (12 days) | −22.6 | Not significant (t −0.8) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 38.6 | −6.3 | 8.79% | −19.8 (31 days) | +6.7 (32 days) | −26.5 | Not significant (t −1.9) |

### MCHU's largest daily misses

The 5 days MCHU 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 | MCHP moved | Target | MCHU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Nov 3, 2026 | closing price | +2.35% | +4.70% | +2.74% | −1.96 pts |
| 2 | Nov 2, 2026 | closing price | −1.59% | −3.18% | −1.45% | +1.73 pts |
| 3 | Aug 7, 2026 | closing price | +13.89% | +27.78% | +26.20% | −1.59 pts |
| 4 | Aug 14, 2026 | closing price | +1.91% | +3.81% | +2.67% | −1.14 pts |
| 5 | Aug 13, 2026 | closing price | −2.20% | −4.41% | −3.46% | +0.95 pts |

### Method

The daily miss is MCHU's return each day less two times MCHP'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. MCHU ranks 358 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether MCHP 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 MCHU 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, MCHU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/mchu/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/mchu/tracking/