As of Nov 4, 2026. Rebuilt every trading night.
ORCS daily tracking
Over the 90 days to Nov 4, 2026, ORCS missed minus one times ORCL's daily return by 16.7 basis points a day on average, on its closing price.
All 4
4 of 4 · 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: 19 of 22 days, from Oct 7, 2026 | NAV (stated) | 2.8 | +2.6 | 0.32% | +3.3 (8 days) | +2.1 (11 days) | +1.3 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 18.1 | +3.3 | 3.66% | −6.4 (10 days) | +11.4 (12 days) | −17.9 | Not significant (t −1.9) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 16.7 | +2.4 | 3.40% | −3.0 (31 days) | +7.7 (32 days) | −10.7 | Significant (t −2.0) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 16.7 | +2.4 | 3.94% | −0.4 (55 days) | +4.6 (69 days) | −5.0 | Not significant (t −1.2) |
ORCS's largest daily misses
The 5 days ORCS strayed furthest from its daily target in the 180 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.
| # | Day | Read on | ORCL moved | Target | ORCS returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jun 10, 2026 | closing price | −2.21% | +2.21% | +0.89% | −1.32 pts |
| 2 | Jun 11, 2026 | closing price | −8.53% | +8.53% | +9.78% | +1.26 pts |
| 3 | Sep 10, 2026 | closing price | −5.38% | +5.38% | +5.98% | +0.60 pts |
| 4 | Jun 1, 2026 | closing price | +9.91% | −9.91% | −9.51% | +0.40 pts |
| 5 | Aug 21, 2026 | closing price | +3.10% | −3.10% | −3.48% | −0.39 pts |
The daily miss is ORCS's return each day less minus one times ORCL'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. ORCS ranks 34 of 34 1x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether ORCL 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 ORCS is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, ORCS daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/orcs/tracking/
ETFIQ. (Nov 4, 2026). ORCS daily tracking, listed by window. Retrieved from https://etfiq.com/funds/orcs/tracking/
[ORCS daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/orcs/tracking/)
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