# TEMC Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, TEMC missed two times TEM's daily return by 42.2 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.

## TEMC daily tracking

Over the 90 days to Nov 4, 2026, TEMC missed two times TEM's daily return by 42.2 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) | 6.2 | −5.8 | 0.89% | −9.0 (11 days) | −2.0 (9 days) | −7.1 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 41.4 | −5.0 | 7.60% | +1.3 (11 days) | −11.3 (11 days) | +12.6 | Not significant (t 0.6) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 42.2 | −5.9 | 9.09% | −15.2 (31 days) | +3.1 (32 days) | −18.3 | Not significant (t −1.3) |

### TEMC's largest daily misses

The 5 days TEMC 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 | TEM moved | Target | TEMC returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 25, 2026 | closing price | +3.87% | +7.74% | +5.78% | −1.96 pts |
| 2 | Aug 13, 2026 | closing price | −0.59% | −1.17% | +0.53% | +1.71 pts |
| 3 | Aug 14, 2026 | closing price | −4.03% | −8.07% | −9.47% | −1.40 pts |
| 4 | Aug 24, 2026 | closing price | −8.97% | −17.94% | −16.58% | +1.36 pts |
| 5 | Aug 12, 2026 | closing price | −1.94% | −3.88% | −4.96% | −1.09 pts |

### Method

The daily miss is TEMC's return each day less two times TEM'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. TEMC ranks 390 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether TEM 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 TEMC is listed.

### Where to next

### Sources

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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, TEMC daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/temc/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/temc/tracking/