As of Nov 4, 2026. Rebuilt every trading night.
TMV daily tracking
Over the 90 days to Nov 4, 2026, TMV missed minus three times 20+ Year Treasury's daily return by 9.7 basis points a day on average, on its closing price.
All 5
5 of 5 · click a column to sort| # | 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: 17 of 22 days, from Oct 7, 2026 | NAV | 11.0 | +6.4 | 2.01% | +7.7 (11 days) | +3.9 (6 days) | +3.8 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 10.7 | +5.5 | 2.16% | +8.8 (16 days) | −3.3 (6 days) | +12.1 | Not enough days | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 9.7 | +5.8 | 1.85% | +8.5 (32 days) | +3.1 (31 days) | +5.4 | Not significant (t 1.9) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 10.0 | +5.7 | 1.80% | +7.8 (62 days) | +3.6 (62 days) | +4.2 | Significant (t 2.1) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 10.3 | +6.0 | 1.86% | +8.4 (123 days) | +3.6 (128 days) | +4.8 | Significant (t 3.3) |
TMV's largest daily misses
The 5 days TMV strayed furthest from its daily target in the 1 year to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.
| # | Day | Read on | 20+ Year Treasury moved | Target | TMV returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Feb 27, 2026 | closing price | +0.61% | −1.83% | −1.40% | +0.43 pts |
| 2 | Oct 1, 2026 | closing price | +0.31% | −0.93% | −0.52% | +0.41 pts |
| 3 | May 8, 2026 | closing price | +0.50% | −1.51% | −1.12% | +0.38 pts |
| 4 | Feb 13, 2026 | closing price | +0.55% | −1.65% | −1.33% | +0.32 pts |
| 5 | Apr 24, 2026 | closing price | +0.18% | −0.55% | −0.24% | +0.31 pts |
The daily miss is TMV's return each day less minus three times 20+ Year Treasury'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 17 of the 63 sessions. TMV ranks 7 of 19 3x inverse ETFs on its 90-day average daily miss.
The rest of the method
Up days and down days split the miss by whether 20+ Year Treasury 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. 20+ Year Treasury is itself an ETF, so its own fee and tracking are inside the miss. 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 TMV is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, TMV daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/tmv/tracking/
ETFIQ. (Nov 4, 2026). TMV daily tracking, listed by window. Retrieved from https://etfiq.com/funds/tmv/tracking/
[TMV daily tracking, listed by window (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/tmv/tracking/)
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