# TERG Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, TERG missed two times TER's daily return by 32.3 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.

## TERG daily tracking

Over the 90 days to Nov 4, 2026, TERG missed two times TER's daily return by 32.3 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) | 6.1 | −6.1 | 0.80% | −5.2 (8 days) | −6.7 (12 days) | +1.4 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 33.4 | −5.0 | 7.16% | +21.9 (8 days) | −20.4 (14 days) | +42.3 | Not enough days |
| 90 days to Nov 4, 2026: 21 of 63 days, from Sep 11, 2026 | NAV | 6.2 | −6.2 | 0.78% | −5.5 (9 days) | −6.7 (12 days) | +1.1 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 32.3 | −5.1 | 6.64% | −4.0 (32 days) | −6.2 (31 days) | +2.3 | Not significant (t 0.2) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 32.8 | −5.3 | 7.15% | −8.2 (63 days) | −2.4 (61 days) | −5.8 | Not significant (t −0.7) |

### TERG's largest daily misses

The 5 days TERG strayed furthest from its daily target in the 180 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | TER moved | Target | TERG returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 6, 2026 | closing price | −1.16% | −2.31% | −3.68% | −1.37 pts |
| 2 | Jun 30, 2026 | closing price | +4.45% | +8.91% | +10.22% | +1.31 pts |
| 3 | Aug 5, 2026 | closing price | −3.51% | −7.02% | −5.78% | +1.24 pts |
| 4 | Aug 14, 2026 | closing price | +2.01% | +4.03% | +3.01% | −1.01 pts |
| 5 | Jul 6, 2026 | closing price | +2.83% | +5.65% | +4.68% | −0.98 pts |

### Method

The daily miss is TERG's return each day less two times TER'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 21 of the 63 sessions. TERG ranks 307 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether TER 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 TERG 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, TERG daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/terg/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/terg/tracking/