# QUA Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, QUA missed two times QBTS's daily return by 33.1 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.

## QUA daily tracking

Over the 90 days to Nov 4, 2026, QUA missed two times QBTS's daily return by 33.1 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 5.2 | −3.1 | 0.99% | −9.7 (6 days) | −0.3 (14 days) | −9.4 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 36.1 | −0.7 | 7.37% | −2.6 (8 days) | +0.4 (14 days) | −3.0 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 33.1 | −5.3 | 7.27% | −4.0 (25 days) | −6.2 (38 days) | +2.2 | Not significant (t 0.2) |

### QUA's largest daily misses

The 5 days QUA 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 | QBTS moved | Target | QUA returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 7, 2026 | closing price | +6.98% | +13.97% | +12.15% | −1.81 pts |
| 2 | Aug 13, 2026 | closing price | +0.77% | +1.54% | +2.64% | +1.10 pts |
| 3 | Aug 25, 2026 | closing price | +3.59% | +7.17% | +6.36% | −0.81 pts |
| 4 | Sep 17, 2026 | closing price | +8.73% | +17.46% | +18.10% | +0.65 pts |
| 5 | Aug 12, 2026 | closing price | +2.52% | +5.04% | +4.40% | −0.64 pts |

### Method

The daily miss is QUA's return each day less two times QBTS'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. QUA ranks 318 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether QBTS 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 QUA 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, QUA daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/qua/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/qua/tracking/