As of Nov 4, 2026. Rebuilt every trading night.
NOWL daily tracking
Over the 90 days to Nov 4, 2026, NOWL missed two times NOW's daily return by 16.2 basis points a day on average, on its closing price.
All 6
6 of 6 · 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: 11 of 22 days, from Oct 16, 2026 | NAV | 7.8 | −7.8 | 0.50% | −6.8 (6 days) | −9.0 (5 days) | +2.1 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 16.3 | −8.9 | 3.18% | −5.7 (12 days) | −12.8 (10 days) | +7.2 | Not significant (t 0.8) | |
| 90 days to Nov 4, 2026: 12 of 63 days, from Sep 11, 2026 | NAV | 8.4 | −8.4 | 0.56% | −7.9 (7 days) | −9.0 (5 days) | +1.1 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 16.2 | −7.8 | 3.24% | −6.7 (31 days) | −8.8 (32 days) | +2.2 | Not significant (t 0.4) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 16.6 | −7.1 | 3.20% | −6.4 (62 days) | −7.8 (62 days) | +1.4 | Not significant (t 0.4) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 26.7 | −7.2 | 6.15% | −7.4 (127 days) | −6.9 (124 days) | −0.5 | Not significant (t −0.1) |
NOWL's largest daily misses
The 5 days NOWL 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 | NOW moved | Target | NOWL returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Dec 9, 2025 | closing price | +0.16% | +0.33% | −1.89% | −2.21 pts |
| 2 | Dec 5, 2025 | closing price | +1.85% | +3.69% | +5.25% | +1.56 pts |
| 3 | Nov 6, 2025 | closing price | −2.37% | −4.74% | −6.22% | −1.47 pts |
| 4 | Jan 20, 2026 | closing price | −1.50% | −3.00% | −4.38% | −1.38 pts |
| 5 | Nov 25, 2025 | closing price | +1.16% | +2.32% | +1.14% | −1.18 pts |
The daily miss is NOWL's return each day less two times NOW'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 12 of the 63 sessions. NOWL ranks 106 of 494 2x leveraged ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether NOW 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 NOWL is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
Cite this pageCitation, APA and Markdown
ETFIQ, NOWL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nowl/tracking/
ETFIQ. (Nov 4, 2026). NOWL daily tracking, listed by window. Retrieved from https://etfiq.com/funds/nowl/tracking/
[NOWL daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/nowl/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.