{"url":"https://etfiq.com/funds/nbiz/tracking/","section":"funds","title":"NBIZ Tracking Error: Up vs Down Days | ETFIQ","description":"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.","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"NBIZ daily tracking","numberOfItems":3,"itemListOrder":"https://schema.org/ItemListUnordered","itemListElement":[{"@type":"ListItem","position":1,"name":"30 days to Nov 4, 2026, 22 daily returns"},{"@type":"ListItem","position":2,"name":"90 days to Nov 4, 2026, 63 daily returns"},{"@type":"ListItem","position":3,"name":"180 days to Nov 4, 2026, 124 daily returns"}]},{"@type":"Dataset","name":"NBIZ daily tracking","description":"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.","url":"https://etfiq.com/funds/nbiz/tracking/","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"NBIZ","item":"https://etfiq.com/funds/nbiz"},{"@type":"ListItem","position":3,"name":"Tracking","item":"https://etfiq.com/funds/nbiz/tracking/"}]},{"@type":"WebPage","name":"NBIZ Tracking Error: Up vs Down Days","description":"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.","url":"https://etfiq.com/funds/nbiz/tracking/","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3789,"truncated":false,"content":"ETFIQ / NBIZ / Tracking \n \n As of Nov 4, 2026 . Rebuilt every trading night.\n NBIZ daily tracking\n 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.\n NBIZ daily tracking, listed by window, as of Nov 4, 2026. Each row names its window, its last day and its count of daily returns. Source: ETFIQ. Window Read on Average daily miss, bp Signed average, bp Tracking error Up days, bp Down days, bp Up less down, bp Confidence \n 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 \n 90 days to Nov 4, 2026, 63 daily returns closing price (stated) 24.6 \u22120.2 5.77% +8.2 (26 days) \u22126.2 (37 days) +14.4 Not significant (t 1.6) \n 180 days to Nov 4, 2026, 124 daily returns closing price (stated) 29.5 +1.3 7.82% \u22122.9 (57 days) +4.8 (67 days) \u22127.7 Not significant (t \u22120.9) \n \n NBIZ's largest daily misses\n 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.\n NBIZ's largest daily misses, as of Nov 4, 2026. Source: ETFIQ. # Day Read on NBIS moved Target NBIZ returned Miss \n 1 Jun 2, 2026 closing price \u22121.49% +2.97% +5.86% +2.89 pts \n 2 Jun 1, 2026 closing price +14.46% \u221228.92% \u221231.47% \u22122.55 pts \n 3 Aug 13, 2026 closing price \u22121.60% +3.21% +1.32% \u22121.89 pts \n 4 Jul 17, 2026 closing price +3.46% \u22126.92% \u22127.77% \u22120.85 pts \n 5 Jul 1, 2026 closing price \u221217.01% +34.03% +34.87% +0.84 pts \n \n Method\n 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. 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.\n Where to next\n NBIZ fund page 2x inverse ETFs ranked by daily tracking Leveraged ETF tracking by issuer How daily tracking is measured The tracking data file Sources\n The multiple each fund states in its own registered name, from the SEC investment company series and class file SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, NBIZ daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nbiz/tracking/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, NBIZ daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nbiz/tracking/ APA ETFIQ. (Nov 4, 2026). NBIZ daily tracking, listed by window. Retrieved from https://etfiq.com/funds/nbiz/tracking/ Markdown [NBIZ daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/nbiz/tracking/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, NBIZ daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nbiz/tracking/"}