# MSFC Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, MSFC missed two times MSFT's daily return by 13.6 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.

## MSFC daily tracking

Over the 90 days to Nov 4, 2026, MSFC missed two times MSFT's daily return by 13.6 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 7.7 | −4.0 | 2.06% | −5.3 (10 days) | −2.8 (10 days) | −2.5 | Not significant (t −0.4) |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 15.8 | −2.8 | 3.10% | +1.9 (12 days) | −8.3 (10 days) | +10.2 | Not significant (t 1.2) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 13.6 | −4.3 | 2.58% | −1.5 (34 days) | −7.6 (29 days) | +6.1 | Not significant (t 1.5) |

### MSFC's largest daily misses

The 5 days MSFC 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 | MSFT moved | Target | MSFC returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 28, 2026 | NAV | −0.06% | −0.12% | −0.54% | −0.42 pts |
| 2 | Oct 29, 2026 | NAV | −0.16% | −0.33% | +0.04% | +0.36 pts |
| 3 | Aug 10, 2026 | closing price | +1.21% | +2.43% | +2.10% | −0.33 pts |
| 4 | Sep 15, 2026 | closing price | −1.64% | −3.28% | −3.56% | −0.28 pts |
| 5 | Aug 13, 2026 | closing price | +0.90% | +1.81% | +1.53% | −0.27 pts |

### Method

The daily miss is MSFC's return each day less two times MSFT'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. MSFC ranks 65 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether MSFT 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 MSFC is listed.

### Where to next

### Sources

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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, MSFC daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/msfc/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/msfc/tracking/