As of Nov 4, 2026. Rebuilt every trading night.
NBIZ daily tracking
Over the 90 days to Nov 4, 2026, NBIZ missed minus two times NBIS's daily return by 24.6 basis points a day on average, on its closing price.
All 3
3 of 3 · click a column to sort| # | 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) | 26.5 | +2.6 | 5.45% | +4.8 (9 days) | +1.1 (13 days) | +3.6 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 24.6 | −0.2 | 5.77% | +8.2 (26 days) | −6.2 (37 days) | +14.4 | Not significant (t 1.6) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 29.5 | +1.3 | 7.82% | −2.9 (57 days) | +4.8 (67 days) | −7.7 | Not significant (t −0.9) |
NBIZ's largest daily misses
The 5 days NBIZ strayed furthest from its daily target in the 180 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.
| # | Day | Read on | NBIS moved | Target | NBIZ returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jun 2, 2026 | closing price | −1.49% | +2.97% | +5.86% | +2.89 pts |
| 2 | Jun 1, 2026 | closing price | +14.46% | −28.92% | −31.47% | −2.55 pts |
| 3 | Aug 13, 2026 | closing price | −1.60% | +3.21% | +1.32% | −1.89 pts |
| 4 | Jul 17, 2026 | closing price | +3.46% | −6.92% | −7.77% | −0.85 pts |
| 5 | Jul 1, 2026 | closing price | −17.01% | +34.03% | +34.87% | +0.84 pts |
The daily miss is NBIZ's return each day less minus two times NBIS'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. NBIZ ranks 52 of 75 2x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether NBIS 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 NBIZ is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, NBIZ daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nbiz/tracking/
ETFIQ. (Nov 4, 2026). NBIZ daily tracking, listed by window. Retrieved from https://etfiq.com/funds/nbiz/tracking/
[NBIZ daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/nbiz/tracking/)
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