# ORCX Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, ORCX missed two times ORCL's daily return by 16.2 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.

## ORCX daily tracking

Over the 90 days to Nov 4, 2026, ORCX missed two times ORCL's daily return by 16.2 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 5.5 | −5.2 | 0.69% | −5.7 (9 days) | −4.8 (11 days) | −0.9 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 17.2 | −5.4 | 3.50% | −10.5 (10 days) | −1.1 (12 days) | −9.4 | Not significant (t −1.0) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 16.2 | −4.5 | 3.08% | −2.7 (31 days) | −6.2 (32 days) | +3.5 | Not significant (t 0.7) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 19.0 | −5.0 | 5.36% | −5.1 (55 days) | −4.9 (69 days) | −0.2 | Not significant (t −0.0) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 15.4 | −5.4 | 4.09% | −5.9 (116 days) | −5.0 (135 days) | −1.0 | Not significant (t −0.3) |

### ORCX's largest daily misses

The 5 days ORCX 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 | ORCL moved | Target | ORCX returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jun 10, 2026 | closing price | −2.21% | −4.42% | −2.20% | +2.22 pts |
| 2 | Jun 11, 2026 | closing price | −8.53% | −17.05% | −19.25% | −2.20 pts |
| 3 | Dec 19, 2025 | closing price | +6.63% | +13.26% | +13.77% | +0.50 pts |
| 4 | Jul 2, 2026 | closing price | −1.56% | −3.13% | −3.60% | −0.47 pts |
| 5 | Dec 22, 2025 | closing price | +3.34% | +6.68% | +6.23% | −0.45 pts |

### Method

The daily miss is ORCX'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 20 of the 63 sessions. ORCX ranks 105 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 ORCX 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, ORCX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/orcx/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/orcx/tracking/