# RCAX Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, RCAX missed two times RCAT's daily return by 46.6 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.

## RCAX daily tracking

Over the 90 days to Nov 4, 2026, RCAX missed two times RCAT's daily return by 46.6 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) | 22.1 | −13.2 | 3.93% | 0.0 (7 days) | −20.2 (13 days) | +20.2 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 55.2 | −10.6 | 10.90% | +35.5 (7 days) | −32.2 (15 days) | +67.7 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 46.6 | −16.4 | 9.16% | −11.0 (23 days) | −19.5 (39 days) | +8.5 | Not significant (t 0.5) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 44.8 | −17.8 | 8.76% | −19.7 (53 days) | −16.3 (70 days) | −3.4 | Not significant (t −0.3) |

### RCAX's largest daily misses

The 5 days RCAX 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 | RCAT moved | Target | RCAX returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Oct 2, 2026 | closing price | +1.11% | +2.21% | +0.64% | −1.57 pts |
| 2 | Jun 15, 2026 | closing price | +7.07% | +14.13% | +12.66% | −1.47 pts |
| 3 | Aug 3, 2026 | closing price | +9.69% | +19.39% | +18.01% | −1.38 pts |
| 4 | May 19, 2026 | closing price | −4.26% | −8.51% | −9.80% | −1.29 pts |
| 5 | Aug 7, 2026 | closing price | +6.23% | +12.46% | +11.33% | −1.13 pts |

### Method

The daily miss is RCAX's return each day less two times RCAT'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. RCAX ranks 421 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether RCAT 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 RCAX 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, RCAX daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/rcax/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/rcax/tracking/