# SPCG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, SPCG missed minus two times SpaceX's daily return by 17.0 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.

## SPCG daily tracking

Over the 90 days to Nov 4, 2026, SPCG missed minus two times SpaceX's daily return by 17.0 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, 22 daily returns | closing price (stated) | 15.1 | +1.7 | 2.98% | +8.4 (9 days) | −2.9 (13 days) | +11.3 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 17.0 | +2.8 | 3.78% | +8.5 (31 days) | −2.6 (32 days) | +11.1 | Not significant (t 1.9) |

### SPCG's largest daily misses

The 5 days SPCG strayed furthest from its daily target in the 90 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | SpaceX moved | Target | SPCG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 10, 2026 | closing price | +4.23% | −8.46% | −7.63% | +0.83 pts |
| 2 | Sep 10, 2026 | closing price | +0.43% | −0.85% | −0.12% | +0.73 pts |
| 3 | Aug 14, 2026 | closing price | −0.91% | +1.83% | +2.25% | +0.42 pts |
| 4 | Sep 4, 2026 | closing price | −1.20% | +2.39% | +1.98% | −0.41 pts |
| 5 | Oct 30, 2026 | closing price | −6.37% | +12.75% | +12.36% | −0.39 pts |

### Method

The daily miss is SPCG's return each day less minus two times SpaceX'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. SPCG ranks 34 of 75 2x inverse ETFs on its 90-day average daily miss. Up days and down days split the miss by whether SpaceX 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 SPCG 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, SPCG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/spcg/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/spcg/tracking/