# PALU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, PALU missed two times PANW's daily return by 18.1 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.

## PALU daily tracking

Over the 90 days to Nov 4, 2026, PALU missed two times PANW's daily return by 18.1 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 | 4.4 | −4.4 | 0.44% | −5.0 (6 days) | −4.0 (11 days) | −1.0 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 19.9 | −2.3 | 3.91% | −2.4 (8 days) | −2.3 (14 days) | −0.1 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 18.1 | −4.0 | 3.48% | −5.3 (29 days) | −2.9 (34 days) | −2.4 | Not significant (t −0.4) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 17.1 | −3.5 | 3.44% | −1.8 (64 days) | −5.4 (60 days) | +3.6 | Not significant (t 0.9) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 15.1 | −4.0 | 2.99% | −2.9 (129 days) | −5.3 (121 days) | +2.4 | Not significant (t 1.0) |

### PALU's largest daily misses

The 5 days PALU 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 | PANW moved | Target | PALU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | May 29, 2026 | closing price | +9.28% | +18.56% | +19.26% | +0.70 pts |
| 2 | Feb 19, 2026 | closing price | −0.89% | −1.79% | −2.29% | −0.50 pts |
| 3 | Jun 3, 2026 | closing price | −5.64% | −11.27% | −11.75% | −0.48 pts |
| 4 | Aug 11, 2026 | closing price | −0.32% | −0.64% | −1.12% | −0.48 pts |
| 5 | Jun 29, 2026 | closing price | +9.14% | +18.28% | +18.74% | +0.46 pts |

### Method

The daily miss is PALU's return each day less two times PANW'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. PALU ranks 136 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether PANW 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 PALU 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, PALU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/palu/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/palu/tracking/