# TELG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, TELG missed two times TEL's daily return by 33.3 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.

## TELG daily tracking

Over the 90 days to Nov 4, 2026, TELG missed two times TEL's daily return by 33.3 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) | 6.8 | −6.6 | 0.79% | −6.8 (9 days) | −6.4 (11 days) | −0.4 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 40.7 | −5.3 | 8.12% | −8.4 (11 days) | −2.2 (11 days) | −6.2 | Not significant (t −0.3) |
| 90 days to Nov 4, 2026: 22 of 63 days, from Sep 10, 2026 | NAV | 7.1 | −6.9 | 0.78% | −6.9 (10 days) | −6.9 (12 days) | 0.0 | Not significant (t 0.0) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 33.3 | −6.5 | 6.57% | −12.3 (30 days) | −1.1 (33 days) | −11.2 | Not significant (t −1.1) |

### TELG's largest daily misses

The 5 days TELG 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 | TEL moved | Target | TELG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Sep 1, 2026 | closing price | +1.34% | +2.68% | +1.60% | −1.08 pts |
| 2 | Nov 4, 2026 | closing price | +0.20% | +0.41% | +1.16% | +0.75 pts |
| 3 | Aug 20, 2026 | closing price | −1.49% | −2.98% | −3.67% | −0.69 pts |
| 4 | Sep 25, 2026 | closing price | +2.30% | +4.61% | +5.30% | +0.69 pts |
| 5 | Sep 8, 2026 | closing price | −1.75% | −3.51% | −2.99% | +0.51 pts |

### Method

The daily miss is TELG's return each day less two times TEL'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 22 of the 63 sessions. TELG ranks 320 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether TEL 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 TELG 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

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, TELG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/telg/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/telg/tracking/