# PUL Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, PUL missed two times P's daily return by 33.0 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.

## PUL daily tracking

Over the 90 days to Nov 4, 2026, PUL missed two times P's daily return by 33.0 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: 11 of 22 days, from Oct 16, 2026 | NAV | 4.0 | −4.0 | 0.45% | −3.2 (4 days) | −4.4 (7 days) | +1.3 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 21.6 | −5.7 | 4.44% | +1.1 (11 days) | −12.5 (11 days) | +13.7 | Not significant (t 1.2) |
| 90 days to Nov 4, 2026: 12 of 63 days, from Sep 11, 2026 | NAV | 4.5 | −4.5 | 0.54% | −4.7 (5 days) | −4.4 (7 days) | −0.3 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 33.0 | −5.4 | 6.85% | −5.9 (38 days) | −4.7 (25 days) | −1.2 | Not significant (t −0.1) |

### PUL's largest daily misses

The 5 days PUL 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 | P moved | Target | PUL returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Sep 21, 2026 | closing price | +9.14% | +18.28% | +16.78% | −1.50 pts |
| 2 | Sep 22, 2026 | closing price | −2.44% | −4.87% | −3.65% | +1.23 pts |
| 3 | Sep 18, 2026 | closing price | +0.14% | +0.29% | −0.47% | −0.75 pts |
| 4 | Sep 30, 2026 | closing price | +0.56% | +1.12% | +1.87% | +0.74 pts |
| 5 | Sep 29, 2026 | closing price | +0.50% | +1.00% | +0.29% | −0.71 pts |

### Method

The daily miss is PUL's return each day less two times P'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 12 of the 63 sessions. PUL ranks 317 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether P 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 PUL 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, PUL daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/pul/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/pul/tracking/