As of Nov 4, 2026. Rebuilt every trading night.
SAA daily tracking
Over the 90 days to Nov 4, 2026, SAA missed two times SmallCap600's daily return by 2.1 basis points a day on average, on its NAV.
All 8
8 of 8 · 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: 21 of 22 days, from Oct 7, 2026 | NAV (stated) | 2.1 | −2.0 | 0.28% | −1.7 (13 days) | −2.4 (8 days) | +0.7 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 16.3 | −1.9 | 4.23% | +0.6 (13 days) | −5.4 (9 days) | +6.0 | Not enough days | |
| 90 days to Nov 4, 2026: 61 of 63 days, from Aug 7, 2026 | NAV (stated) | 2.1 | −2.1 | 0.23% | −2.2 (32 days) | −1.9 (29 days) | −0.3 | Not significant (t −0.7) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price | 18.8 | −2.7 | 4.49% | +1.5 (33 days) | −7.2 (30 days) | +8.7 | Not significant (t 1.2) | |
| 180 days to Nov 4, 2026: 122 of 124 days, from May 11, 2026 | NAV (stated) | 2.1 | −2.1 | 0.22% | −2.0 (65 days) | −2.1 (57 days) | +0.1 | Not significant (t 0.2) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price | 18.6 | −2.5 | 4.13% | 0.0 (66 days) | −5.4 (58 days) | +5.4 | Not significant (t 1.2) | |
| 1 year to Nov 4, 2026: 249 of 251 days, from Nov 5, 2025 | NAV (stated) | 2.2 | −2.2 | 0.22% | −2.1 (135 days) | −2.2 (114 days) | +0.1 | Not significant (t 0.8) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price | 22.0 | −2.1 | 5.18% | +1.2 (136 days) | −6.0 (115 days) | +7.2 | Not significant (t 1.7) |
SAA's largest daily misses
The 5 days SAA strayed furthest from its daily target in the 1 year to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.
| # | Day | Read on | SmallCap600 moved | Target | SAA returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Oct 5, 2026 | closing price | +0.36% | +0.72% | +0.58% | −0.14 pts |
| 2 | Oct 6, 2026 | closing price | −0.12% | −0.24% | −0.34% | −0.10 pts |
| 3 | Mar 20, 2026 | NAV | −1.97% | −3.94% | −4.01% | −0.07 pts |
| 4 | Jul 2, 2026 | NAV | −0.68% | −1.37% | −1.44% | −0.07 pts |
| 5 | Nov 14, 2025 | NAV | −0.10% | −0.20% | −0.26% | −0.06 pts |
The daily miss is SAA's return each day less two times SmallCap600'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. SAA ranks 149 of 494 2x leveraged ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether SmallCap600 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. SmallCap600 is itself an ETF, so its own fee and tracking are inside the miss. 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 SAA is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, SAA daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/saa/tracking/
ETFIQ. (Nov 4, 2026). SAA daily tracking, listed by window. Retrieved from https://etfiq.com/funds/saa/tracking/
[SAA daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/saa/tracking/)
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