As of Nov 4, 2026. Rebuilt every trading night.
ONDC daily tracking
Over the 90 days to Nov 4, 2026, ONDC missed two times ONDS's daily return by 43.1 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) | 14.1 | −14.1 | 1.28% | −14.7 (10 days) | −13.4 (10 days) | −1.3 | Not significant (t −0.4) | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 43.9 | −13.7 | 8.60% | −8.8 (10 days) | −17.8 (12 days) | +9.0 | Not significant (t 0.4) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 43.1 | −14.8 | 8.73% | −23.1 (28 days) | −7.9 (31 days) | −15.2 | Not significant (t −1.0) |
ONDC's largest daily misses
The 5 days ONDC 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 | ONDS moved | Target | ONDC returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Aug 13, 2026 | closing price | −8.80% | −17.60% | −15.91% | +1.70 pts |
| 2 | Aug 11, 2026 | closing price | +4.62% | +9.24% | +7.63% | −1.61 pts |
| 3 | Aug 14, 2026 | closing price | +3.70% | +7.41% | +6.14% | −1.26 pts |
| 4 | Oct 2, 2026 | closing price | +1.69% | +3.37% | +2.24% | −1.13 pts |
| 5 | Sep 4, 2026 | closing price | −0.13% | −0.26% | −1.34% | −1.07 pts |
The daily miss is ONDC's return each day less two times ONDS'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. ONDC ranks 393 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 ONDS 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 ONDC is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, ONDC daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/ondc/tracking/
ETFIQ. (Nov 4, 2026). ONDC daily tracking, listed by window. Retrieved from https://etfiq.com/funds/ondc/tracking/
[ONDC daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/ondc/tracking/)
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