As of Nov 4, 2026. Rebuilt every trading night.
PENU daily tracking
Over the 90 days to Nov 4, 2026, PENU missed two times PENG's daily return by 69.4 basis points a day on average, on its closing price.
All 3
3 of 3 · 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: 11 of 22 days, from Oct 16, 2026 | NAV | 13.3 | −10.9 | 2.20% | −10.9 (6 days) | −10.8 (5 days) | −0.1 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 45.1 | −16.8 | 10.72% | −28.4 (10 days) | −7.1 (12 days) | −21.3 | Not significant (t −0.7) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 69.4 | −23.6 | 16.15% | −59.3 (31 days) | +13.4 (31 days) | −72.7 | Significant (t −3.0) |
PENU's largest daily misses
The 5 days PENU 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 | PENG moved | Target | PENU returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Sep 11, 2026 | closing price | +5.22% | +10.45% | +6.30% | −4.15 pts |
| 2 | Sep 14, 2026 | closing price | −8.93% | −17.87% | −14.74% | +3.12 pts |
| 3 | Aug 11, 2026 | closing price | +3.90% | +7.79% | +5.49% | −2.30 pts |
| 4 | Oct 7, 2026 | closing price | +13.08% | +26.16% | +24.01% | −2.15 pts |
| 5 | Aug 17, 2026 | closing price | −1.13% | −2.26% | −0.33% | +1.93 pts |
The daily miss is PENU's return each day less two times PENG'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 11 of the 63 sessions. PENU ranks 478 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether PENG 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. 2 NAV days were held out, where the NAV and the closing price disagreed about the day: Oct 29, 2026, Oct 30, 2026.
The rest of the method
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 PENU is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, PENU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/penu/tracking/
ETFIQ. (Nov 4, 2026). PENU daily tracking, listed by window. Retrieved from https://etfiq.com/funds/penu/tracking/
[PENU daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/penu/tracking/)
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