# SPCH Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, SPCH missed two times SPCX's daily return by 14.7 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.

## SPCH daily tracking

Over the 90 days to Nov 4, 2026, SPCH missed two times SPCX's daily return by 14.7 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 8.0 | −7.2 | 1.17% | −9.8 (8 days) | −5.5 (12 days) | −4.3 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 15.5 | −6.2 | 2.86% | −5.7 (9 days) | −6.5 (13 days) | +0.9 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 14.7 | −6.9 | 2.66% | −6.9 (31 days) | −6.9 (32 days) | −0.1 | Not significant (t −0.0) |

### SPCH's largest daily misses

The 5 days SPCH 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 | SPCX moved | Target | SPCH returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 14, 2026 | closing price | −0.91% | −1.83% | −2.28% | −0.45 pts |
| 2 | Oct 6, 2026 | closing price | +0.49% | +0.97% | +1.33% | +0.36 pts |
| 3 | Sep 16, 2026 | closing price | +5.15% | +10.30% | +9.96% | −0.34 pts |
| 4 | Aug 17, 2026 | closing price | +4.45% | +8.90% | +9.22% | +0.32 pts |
| 5 | Sep 21, 2026 | closing price | −0.56% | −1.13% | −1.44% | −0.32 pts |

### Method

The daily miss is SPCH's return each day less two times SPCX'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 20 of the 63 sessions. SPCH ranks 83 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether SPCX 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 SPCH 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, SPCH daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/spch/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/spch/tracking/