As of Nov 4, 2026. Rebuilt every trading night.
ONX daily tracking
Over the 90 days to Nov 4, 2026, ONX missed two times ON's daily return by 22.6 basis points a day on average, on its closing price.
All 2
2 of 2 · 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, 22 daily returns | closing price (stated) | 14.9 | −2.5 | 3.10% | +4.8 (9 days) | −7.5 (13 days) | +12.3 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 22.6 | −3.9 | 5.22% | −9.3 (33 days) | +2.0 (30 days) | −11.3 | Not significant (t −1.4) |
ONX's largest daily misses
The 5 days ONX 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 | ON moved | Target | ONX returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Aug 11, 2026 | closing price | +1.67% | +3.33% | +1.96% | −1.38 pts |
| 2 | Aug 10, 2026 | closing price | −1.71% | −3.42% | −2.53% | +0.89 pts |
| 3 | Aug 28, 2026 | closing price | −2.93% | −5.86% | −5.03% | +0.82 pts |
| 4 | Sep 21, 2026 | closing price | +2.49% | +4.97% | +4.33% | −0.64 pts |
| 5 | Aug 26, 2026 | closing price | +0.98% | +1.96% | +1.42% | −0.54 pts |
The daily miss is ONX's return each day less two times ON'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 its NAV or its target's is not struck at the 4:00 p.m. close. ONX ranks 203 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 ON 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 ONX is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, ONX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/onx/tracking/
ETFIQ. (Nov 4, 2026). ONX daily tracking, listed by window. Retrieved from https://etfiq.com/funds/onx/tracking/
[ONX daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/onx/tracking/)
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