# TWSC Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, TWSC missed two times TSM's daily return by 30.7 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.

## TWSC daily tracking

Over the 90 days to Nov 4, 2026, TWSC missed two times TSM's daily return by 30.7 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) | 3.5 | −2.9 | 0.59% | −4.8 (9 days) | −1.3 (11 days) | −3.5 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 31.7 | −6.0 | 6.21% | −16.8 (9 days) | +1.5 (13 days) | −18.3 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 30.7 | −5.2 | 6.06% | −15.2 (35 days) | +7.3 (28 days) | −22.5 | Significant (t −2.4) |

### TWSC's largest daily misses

The 5 days TWSC 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 | TSM moved | Target | TWSC returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Sep 21, 2026 | closing price | +2.41% | +4.82% | +5.85% | +1.03 pts |
| 2 | Aug 10, 2026 | closing price | −0.37% | −0.75% | +0.10% | +0.85 pts |
| 3 | Sep 14, 2026 | closing price | −3.52% | −7.03% | −6.25% | +0.79 pts |
| 4 | Aug 18, 2026 | closing price | −4.07% | −8.15% | −7.46% | +0.68 pts |
| 5 | Sep 15, 2026 | closing price | −1.02% | −2.04% | −2.65% | −0.61 pts |

### Method

The daily miss is TWSC's return each day less two times TSM'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. TWSC ranks 290 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether TSM 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 TWSC 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, TWSC daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/twsc/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/twsc/tracking/