As of Nov 4, 2026. Rebuilt every trading night.
SMUP daily tracking
Over the 90 days to Nov 4, 2026, SMUP missed two times SMR's daily return by 45.2 basis points a day on average, on its closing price.
All 5
5 of 5 · 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: 13 of 22 days, from Oct 16, 2026 | NAV | 33.1 | −10.5 | 6.97% | −0.1 (3 days) | −7.3 (9 days) | +7.2 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 62.2 | −12.3 | 12.75% | −8.6 (5 days) | −18.6 (16 days) | +10.0 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 45.2 | −7.4 | 9.52% | −7.7 (19 days) | −9.1 (43 days) | +1.4 | Not significant (t 0.1) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 50.5 | −7.5 | 10.39% | −11.0 (50 days) | −6.2 (73 days) | −4.8 | Not significant (t −0.4) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 58.1 | −8.9 | 12.33% | −28.2 (104 days) | +4.2 (146 days) | −32.4 | Significant (t −3.2) |
SMUP's largest daily misses
The 5 days SMUP 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 | SMUP returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Nov 7, 2025 | closing price | −6.53% | −13.06% | −16.24% | −3.18 pts |
| 2 | Mar 24, 2026 | closing price | −2.31% | −4.62% | −2.23% | +2.39 pts |
| 3 | Feb 24, 2026 | closing price | +6.59% | +13.17% | +10.84% | −2.34 pts |
| 4 | Oct 15, 2026 | closing price | +5.49% | +10.98% | +8.82% | −2.15 pts |
| 5 | Mar 25, 2026 | closing price | +2.27% | +4.55% | +2.51% | −2.04 pts |
The daily miss is SMUP'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 NAVs for 13 of the 63 sessions. SMUP ranks 413 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 SMUP is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, SMUP daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/smup/tracking/
ETFIQ. (Nov 4, 2026). SMUP daily tracking, listed by window. Retrieved from https://etfiq.com/funds/smup/tracking/
[SMUP daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/smup/tracking/)
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