# METD Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, METD missed minus one times META's daily return by 8.3 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.

## METD daily tracking

Over the 90 days to Nov 4, 2026, METD missed minus one times META's daily return by 8.3 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: 17 of 22 days, from Oct 7, 2026 | NAV (stated) | 3.6 | +2.8 | 0.62% | +3.2 (3 days) | +2.7 (14 days) | +0.5 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 9.1 | +3.2 | 1.98% | −5.8 (6 days) | +6.6 (16 days) | −12.4 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 8.3 | +2.5 | 1.74% | +0.4 (33 days) | +4.7 (30 days) | −4.3 | Not significant (t −1.6) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 8.1 | +2.5 | 1.66% | +0.9 (61 days) | +4.1 (63 days) | −3.2 | Not significant (t −1.7) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 7.4 | +2.7 | 1.51% | +1.1 (125 days) | +4.3 (126 days) | −3.2 | Significant (t −2.7) |

### METD's largest daily misses

The 5 days METD 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 | META moved | Target | METD returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 21, 2026 | closing price | +0.47% | −0.47% | −0.82% | −0.35 pts |
| 2 | Sep 16, 2026 | closing price | +0.46% | −0.46% | −0.77% | −0.31 pts |
| 3 | Nov 17, 2025 | closing price | −1.22% | +1.22% | +1.51% | +0.28 pts |
| 4 | Jun 26, 2026 | closing price | +1.36% | −1.36% | −1.08% | +0.28 pts |
| 5 | Sep 15, 2026 | closing price | +0.70% | −0.70% | −0.42% | +0.28 pts |

### Method

The daily miss is METD's return each day less minus one times META'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 17 of the 63 sessions. METD ranks 18 of 34 1x inverse ETFs on its 90-day average daily miss. Up days and down days split the miss by whether META 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 METD 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, METD daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/metd/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/metd/tracking/