# ORCU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, ORCU missed two times ORCL's daily return by 13.4 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.

## ORCU daily tracking

Over the 90 days to Nov 4, 2026, ORCU missed two times ORCL's daily return by 13.4 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: 17 of 22 days, from Oct 7, 2026 | NAV | 7.7 | −6.5 | 1.06% | −8.0 (7 days) | −5.4 (10 days) | −2.6 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 14.0 | −4.5 | 2.65% | −1.7 (10 days) | −6.9 (12 days) | +5.2 | Not significant (t 0.7) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 13.4 | −4.3 | 2.65% | −2.5 (31 days) | −6.0 (32 days) | +3.5 | Not significant (t 0.8) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 18.5 | −4.4 | 5.52% | −4.6 (55 days) | −4.2 (69 days) | −0.4 | Not significant (t −0.1) |

### ORCU's largest daily misses

The 5 days ORCU 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 | ORCU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jun 11, 2026 | closing price | −8.53% | −17.05% | −19.35% | −2.30 pts |
| 2 | Jun 10, 2026 | closing price | −2.21% | −4.42% | −2.18% | +2.24 pts |
| 3 | Jul 2, 2026 | closing price | −1.56% | −3.13% | −3.69% | −0.56 pts |
| 4 | May 22, 2026 | closing price | +1.22% | +2.43% | +1.92% | −0.51 pts |
| 5 | May 28, 2026 | closing price | +6.67% | +13.34% | +13.84% | +0.50 pts |

### Method

The daily miss is ORCU's return each day less two 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 17 of the 63 sessions. ORCU ranks 61 of 494 2x leveraged ETFs on its 90-day average daily miss. 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 ORCU 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

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, ORCU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/orcu/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/orcu/tracking/