# NVDG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, NVDG missed two times NVDA's daily return by 22.0 basis points a day on average, on its closing price.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## NVDG daily tracking

Over the 90 days to Nov 4, 2026, NVDG missed two times NVDA's daily return by 22.0 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 4, 2026: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 12.3 | −11.5 | 4.84% | −5.4 (6 days) | −14.0 (14 days) | +8.6 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 19.3 | −12.3 | 4.84% | −8.9 (7 days) | −13.9 (15 days) | +5.0 | Not enough days |
| 90 days to Nov 4, 2026: 22 of 63 days, from Sep 10, 2026 | NAV | 11.9 | −11.1 | 4.62% | −5.4 (6 days) | −13.2 (16 days) | +7.8 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 22.0 | −6.7 | 4.89% | −9.7 (28 days) | −4.3 (35 days) | −5.4 | Not significant (t −0.7) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 24.1 | −5.8 | 5.20% | −5.6 (58 days) | −6.0 (66 days) | +0.3 | Not significant (t 0.1) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 21.7 | −5.5 | 5.19% | −8.6 (125 days) | −2.4 (126 days) | −6.2 | Not significant (t −1.5) |

### NVDG's largest daily misses

The 5 days NVDG 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 | NVDA moved | Target | NVDG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Feb 6, 2026 | closing price | +7.87% | +15.74% | +13.45% | −2.30 pts |
| 2 | Feb 5, 2026 | closing price | −1.33% | −2.65% | −1.16% | +1.49 pts |
| 3 | Oct 8, 2026 | NAV | −2.94% | −5.89% | −7.28% | −1.39 pts |
| 4 | Jun 11, 2026 | closing price | +2.22% | +4.44% | +3.47% | −0.97 pts |
| 5 | Feb 10, 2026 | closing price | −0.79% | −1.58% | −0.65% | +0.93 pts |

### Method

The daily miss is NVDG's return each day less two times NVDA'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 22 of the 63 sessions. NVDG ranks 197 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether NVDA 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 NVDG 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, NVDG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nvdg/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/nvdg/tracking/