As of Nov 4, 2026. Rebuilt every trading night.
SMU daily tracking
Over the 90 days to Nov 4, 2026, SMU missed two times SMR's daily return by 36.4 basis points a day on average, on its closing price.
All 4
4 of 4 · 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, 22 daily returns | closing price (stated) | 40.4 | −14.9 | 8.52% | −34.4 (5 days) | −9.8 (16 days) | −24.6 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 36.4 | −11.6 | 7.44% | −16.1 (19 days) | −9.8 (43 days) | −6.3 | Not significant (t −0.5) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 39.7 | −12.2 | 8.36% | −23.4 (50 days) | −4.6 (73 days) | −18.8 | Not significant (t −1.8) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 39.9 | −11.8 | 8.39% | −24.4 (104 days) | −2.8 (146 days) | −21.6 | Significant (t −3.1) |
SMU's largest daily misses
The 5 days SMU 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 | SMR moved | Target | SMU returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jun 18, 2026 | closing price | +13.54% | +27.08% | +24.63% | −2.45 pts |
| 2 | Dec 18, 2025 | closing price | +0.38% | +0.76% | −1.44% | −2.20 pts |
| 3 | Feb 6, 2026 | closing price | +18.13% | +36.25% | +34.51% | −1.75 pts |
| 4 | Oct 15, 2026 | closing price | +5.49% | +10.98% | +9.32% | −1.66 pts |
| 5 | Dec 17, 2025 | closing price | −8.12% | −16.24% | −14.68% | +1.56 pts |
The daily miss is SMU's return each day less two times SMR'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 its NAV or its target's is not struck at the 4:00 p.m. close. SMU ranks 339 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 SMR 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 SMU is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, SMU daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/smu/tracking/
ETFIQ. (Nov 4, 2026). SMU daily tracking, listed by window. Retrieved from https://etfiq.com/funds/smu/tracking/
[SMU daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/smu/tracking/)
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