# NVDU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, NVDU missed two times NVDA's daily return by 13.6 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.

## NVDU daily tracking

Over the 90 days to Nov 4, 2026, NVDU missed two times NVDA's daily return by 13.6 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: 19 of 22 days, from Oct 7, 2026 | NAV (stated) | 3.9 | −3.9 | 0.32% | −3.3 (5 days) | −4.1 (14 days) | +0.8 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 12.2 | −3.8 | 2.37% | −15.2 (7 days) | +1.5 (15 days) | −16.6 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 13.6 | −3.7 | 2.91% | −9.7 (28 days) | +1.1 (35 days) | −10.8 | Significant (t −2.3) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 16.1 | −3.9 | 3.62% | −7.1 (58 days) | −1.2 (66 days) | −5.9 | Not significant (t −1.4) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 14.4 | −4.2 | 3.13% | −7.9 (125 days) | −0.5 (126 days) | −7.4 | Significant (t −3.0) |

### NVDU's largest daily misses

The 5 days NVDU 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 | NVDU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jun 26, 2026 | closing price | −1.64% | −3.28% | −4.40% | −1.12 pts |
| 2 | Jun 29, 2026 | closing price | +1.27% | +2.53% | +3.33% | +0.79 pts |
| 3 | Aug 27, 2026 | closing price | +8.74% | +17.48% | +16.69% | −0.78 pts |
| 4 | Jun 8, 2026 | closing price | +1.73% | +3.45% | +2.72% | −0.74 pts |
| 5 | Mar 23, 2026 | closing price | +1.70% | +3.40% | +2.70% | −0.70 pts |

### Method

The daily miss is NVDU'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 19 of the 63 sessions. NVDU ranks 66 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 NVDU 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, NVDU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/nvdu/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/nvdu/tracking/