# SBTU Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, SBTU missed two times SBET's daily return by 69.2 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.

## SBTU daily tracking

Over the 90 days to Nov 4, 2026, SBTU missed two times SBET's daily return by 69.2 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: 13 of 22 days, from Oct 16, 2026 | NAV | 6.9 | −6.9 | 0.60% | −5.2 (4 days) | −7.7 (9 days) | +2.5 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 116.6 | −81.5 | 58.04% | −289.6 (6 days) | −3.4 (16 days) | −286.2 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 69.2 | −33.1 | 34.96% | −84.3 (28 days) | +7.8 (35 days) | −92.1 | Not significant (t −1.5) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 68.5 | −20.1 | 26.54% | −40.9 (58 days) | −1.9 (66 days) | −39.1 | Not significant (t −1.2) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 65.3 | −12.1 | 20.94% | −19.9 (118 days) | −6.2 (132 days) | −13.7 | Not significant (t −0.8) |

### SBTU's largest daily misses

The 5 days SBTU 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 | SBET moved | Target | SBTU returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Nov 4, 2026 | closing price | +8.50% | +17.00% | 0.00% | −17.00 pts |
| 2 | Feb 6, 2026 | closing price | +15.82% | +31.63% | +34.39% | +2.76 pts |
| 3 | Apr 30, 2026 | closing price | +2.86% | +5.71% | +8.19% | +2.47 pts |
| 4 | Apr 28, 2026 | closing price | +1.81% | +3.62% | +1.31% | −2.31 pts |
| 5 | Dec 16, 2025 | closing price | +2.10% | +4.21% | +6.40% | +2.20 pts |

### Method

The daily miss is SBTU's return each day less two times SBET'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 13 of the 63 sessions. SBTU ranks 477 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether SBET 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 SBTU 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, SBTU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/sbtu/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/sbtu/tracking/