As of Nov 3, 2026. Rebuilt every trading night.
UBT daily tracking
Over the 90 days to Nov 4, 2026, UBT missed two times 20+ Year Treasury's daily return by 2.9 basis points a day on average, on its NAV.
All 8
8 of 8 · 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: 20 of 22 days, from Oct 7, 2026 | NAV (stated) | 4.5 | −1.5 | 1.33% | −1.8 (13 days) | −0.9 (7 days) | −0.9 | Not enough days | |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 20.3 | −3.0 | 4.23% | −2.2 (16 days) | −5.1 (6 days) | +2.9 | Not enough days | |
| 90 days to Nov 4, 2026: 60 of 63 days, from Aug 7, 2026 | NAV (stated) | 2.9 | −1.6 | 0.81% | −1.8 (30 days) | −1.4 (30 days) | −0.4 | Not significant (t −0.3) | |
| 90 days to Nov 4, 2026, 63 daily returns | closing price | 19.8 | −1.8 | 3.98% | +1.1 (32 days) | −4.7 (31 days) | +5.9 | Not significant (t 0.9) | |
| 180 days to Nov 4, 2026: 120 of 124 days, from May 11, 2026 | NAV (stated) | 3.3 | −2.0 | 1.05% | −2.4 (60 days) | −1.7 (60 days) | −0.7 | Not significant (t −0.6) | |
| 180 days to Nov 4, 2026, 124 daily returns | closing price | 18.5 | −1.8 | 3.76% | +0.2 (62 days) | −3.7 (62 days) | +3.9 | Not significant (t 0.9) | |
| 1 year to Nov 4, 2026: 243 of 251 days, from Nov 5, 2025 | NAV (stated) | 2.7 | −1.9 | 0.78% | −2.1 (119 days) | −1.7 (124 days) | −0.4 | Not significant (t −0.7) | |
| 1 year to Nov 4, 2026, 251 daily returns | closing price | 18.3 | −1.7 | 3.70% | −2.5 (123 days) | −1.0 (128 days) | −1.5 | Not significant (t −0.5) |
UBT's largest daily misses
The 5 days UBT 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 | UBT returned | Miss |
|---|---|---|---|---|---|---|
| 1 | Jul 2, 2026 | NAV | +0.06% | +0.11% | −0.35% | −0.46 pts |
| 2 | Oct 5, 2026 | closing price | −0.48% | −0.96% | −0.61% | +0.35 pts |
| 3 | May 22, 2026 | NAV | +0.49% | +0.98% | +0.68% | −0.30 pts |
| 4 | Nov 11, 2025 | closing price | +0.46% | +0.92% | +0.63% | −0.29 pts |
| 5 | Oct 12, 2026 | NAV | +0.15% | +0.29% | +0.01% | −0.28 pts |
The daily miss is UBT's return each day less two 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. UBT ranks 171 of 494 2x leveraged ETFs on its 90-day average daily miss. 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. 5 NAV days were held out, where the NAV and the closing price disagreed about the day: Nov 11, 2025, Nov 12, 2025, Dec 31, 2025, Jan 2, 2026, Jul 6, 2026.
The rest of the method
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 UBT is listed.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, UBT daily tracking, listed by window, data as of Nov 3, 2026. https://etfiq.com/funds/ubt/tracking/
ETFIQ. (Nov 3, 2026). UBT daily tracking, listed by window. Retrieved from https://etfiq.com/funds/ubt/tracking/
[UBT daily tracking, listed by window (ETFIQ, Nov 3, 2026)](https://etfiq.com/funds/ubt/tracking/)
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