# MSOX Tracking Error: Up vs Down Days

> Over the 90 days to Nov 12, 2026, MSOX missed its daily target by 93.6 basis points a day on average. No fund is recommended.

Data as of Nov 12, 2026. Rebuilt every trading night.

As of Nov 12, 2026 . Rebuilt every trading night.

## MSOX daily tracking

Over the 90 days to Nov 12, 2026, MSOX missed two times AdvisorShares Pure US Cannabis ETF's daily return by 93.6 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 12, 2026, 22 daily returns | closing price (stated) | 125.9 | −6.1 | 25.26% | −70.3 (11 days) | +58.1 (11 days) | −128.5 | Significant (t −2.0) |
| 90 days to Nov 12, 2026, 63 daily returns | closing price (stated) | 93.6 | −3.7 | 20.46% | −54.6 (27 days) | +40.3 (34 days) | −94.9 | Significant (t −3.0) |
| 180 days to Nov 12, 2026, 125 daily returns | closing price (stated) | 87.0 | −5.9 | 18.35% | −40.5 (56 days) | +24.7 (67 days) | −65.3 | Significant (t −3.2) |
| 1 year to Nov 12, 2026, 251 daily returns | closing price (stated) | 100.0 | −9.7 | 21.66% | −48.6 (113 days) | +22.7 (135 days) | −71.3 | Significant (t −4.2) |

### MSOX's largest daily misses

The 5 days MSOX strayed furthest from its daily target in the 1 year to Nov 12, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | AdvisorShares Pure US Cannabis ETF moved | Target | MSOX returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Feb 2, 2026 | closing price | +1.49% | +2.98% | −1.54% | −4.52 pts |
| 2 | Jan 28, 2026 | closing price | −2.29% | −4.58% | −9.02% | −4.44 pts |
| 3 | Dec 22, 2025 | closing price | −6.97% | −13.93% | −18.16% | −4.23 pts |
| 4 | Dec 16, 2025 | closing price | +20.56% | +41.12% | +37.48% | −3.64 pts |
| 5 | Jan 5, 2026 | closing price | −5.43% | −10.86% | −7.41% | +3.45 pts |

### Method

The daily miss is MSOX's return each day less two times AdvisorShares Pure US Cannabis ETF'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 2 days with a NAV for the fund and its target. MSOX ranks 493 of 497 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether AdvisorShares Pure US Cannabis ETF 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. AdvisorShares Pure US Cannabis ETF is itself an ETF, so its own fee and tracking are inside the miss. 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 MSOX 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, MSOX daily tracking, listed by window, data as of Nov 12, 2026. https://etfiq.com/funds/msox/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/msox/tracking/