As of Nov 4, 2026. Rebuilt every trading night.
NOWX daily tracking
Over the 90 days to Nov 4, 2026, NOWX missed two times NOW's daily return by 38.0 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 9.1 | −0.3 | 2.97% | −7.0 (11 days) | +7.9 (9 days) | −14.9 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 47.0 | −5.2 | 8.99% | +4.1 (12 days) | −16.4 (10 days) | +20.5 | Not significant (t 0.8) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 38.0 | −4.0 | 7.39% | +3.0 (31 days) | −10.8 (32 days) | +13.9 | Not significant (t 1.2) |
NOWX's largest daily misses
The 5 days NOWX 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 | NOW moved | Target | NOWX returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Sep 3, 2026 | closing price | +6.49% | +12.98% | +13.80% | +0.83 pts |
| 2 | Sep 4, 2026 | closing price | −2.97% | −5.95% | −6.73% | −0.78 pts |
| 3 | Oct 2, 2026 | closing price | −2.45% | −4.91% | −5.68% | −0.77 pts |
| 4 | Oct 29, 2026 | NAV | −26.95% | −53.90% | −53.13% | +0.77 pts |
| 5 | Aug 31, 2026 | closing price | +2.27% | +4.53% | +5.28% | +0.75 pts |
The daily miss is NOWX'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 20 of the 63 sessions. NOWX ranks 352 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 NOWX is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, NOWX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nowx/tracking/
ETFIQ. (Nov 4, 2026). NOWX daily tracking, listed by window. Retrieved from https://etfiq.com/funds/nowx/tracking/
[NOWX daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/nowx/tracking/)
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