# PYPU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, PYPU missed two times PYPL's daily return by 20.1 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.

## PYPU daily tracking

Over the 90 days to Nov 4, 2026, PYPU missed two times PYPL's daily return by 20.1 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 | 5.8 | −5.8 | 0.54% | −5.4 (12 days) | −6.8 (5 days) | +1.4 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 21.2 | −4.4 | 4.10% | +1.6 (16 days) | −20.5 (6 days) | +22.1 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 20.1 | −4.5 | 3.98% | +0.3 (35 days) | −8.5 (27 days) | +8.8 | Not significant (t 1.4) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 23.6 | −5.2 | 4.88% | −5.2 (66 days) | −4.1 (57 days) | −1.1 | Not significant (t −0.2) |

### PYPU's largest daily misses

The 5 days PYPU 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 | PYPL moved | Target | PYPU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jun 11, 2026 | closing price | +1.33% | +2.65% | +1.49% | −1.16 pts |
| 2 | Jun 8, 2026 | closing price | −0.07% | −0.15% | −1.24% | −1.09 pts |
| 3 | Jun 5, 2026 | closing price | −3.42% | −6.83% | −6.02% | +0.81 pts |
| 4 | Jun 10, 2026 | closing price | −1.83% | −3.67% | −2.91% | +0.76 pts |
| 5 | Aug 10, 2026 | closing price | 0.00% | 0.00% | −0.67% | −0.67 pts |

### Method

The daily miss is PYPU's return each day less two times PYPL'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. PYPU ranks 175 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether PYPL 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 PYPU 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, PYPU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/pypu/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/pypu/tracking/