# SETH Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, SETH missed minus one times Ether's daily return by 7.9 basis points a day on average, on its NAV.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## SETH daily tracking

Over the 90 days to Nov 4, 2026, SETH missed minus one times Ether's daily return by 7.9 basis points a day on average, on its NAV.

| 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) | 9.1 | +1.3 | 1.80% | −0.5 (11 days) | +3.3 (10 days) | −3.8 | Not significant (t −0.8) |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 11.4 | +1.6 | 2.17% | −2.4 (11 days) | +5.6 (11 days) | −7.9 | Not significant (t −1.4) |
| 90 days to Nov 4, 2026: 61 of 63 days, from Aug 7, 2026 | NAV (stated) | 7.9 | +2.6 | 1.52% | +0.4 (33 days) | +5.3 (28 days) | −4.9 | Not significant (t −2.0) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price | 9.7 | +2.7 | 1.95% | +1.9 (34 days) | +3.6 (29 days) | −1.7 | Not significant (t −0.5) |
| 180 days to Nov 4, 2026: 122 of 124 days, from May 11, 2026 | NAV (stated) | 7.6 | +2.2 | 1.51% | +1.3 (60 days) | +3.2 (62 days) | −1.9 | Not significant (t −1.1) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price | 9.4 | +2.3 | 1.83% | +1.1 (61 days) | +3.5 (63 days) | −2.4 | Not significant (t −1.1) |
| 1 year to Nov 4, 2026: 247 of 251 days, from Nov 5, 2025 | NAV (stated) | 8.0 | +2.6 | 1.73% | +0.9 (119 days) | +4.3 (128 days) | −3.4 | Significant (t −2.5) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price | 10.7 | +2.5 | 2.28% | +0.9 (121 days) | +3.9 (130 days) | −2.9 | Not significant (t −1.6) |

### SETH's largest daily misses

The 5 days SETH 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 | Ether moved | Target | SETH returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Nov 28, 2025 | NAV | +1.08% | −1.08% | −0.24% | +0.84 pts |
| 2 | Dec 1, 2025 | closing price | −9.79% | +9.79% | +9.06% | −0.74 pts |
| 3 | Jun 8, 2026 | NAV | +7.05% | −7.05% | −6.71% | +0.34 pts |
| 4 | Feb 6, 2026 | NAV | +10.06% | −10.06% | −10.33% | −0.26 pts |
| 5 | Jun 26, 2026 | NAV | +1.00% | −1.00% | −1.25% | −0.26 pts |

### Method

The daily miss is SETH's return each day less minus one times Ether'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. SETH ranks 26 of 34 1x inverse ETFs on its 90-day average daily miss. Up days and down days split the miss by whether Ether 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 SETH 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, SETH daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/seth/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/seth/tracking/