1x inverse ETFs ranked by daily tracking

As of Nov 4, 2026, PSQ missed its daily target by 3.8 basis points a day on average over 90 days, the closest of 34 1x inverse ETFs. See 34 funds ranked by average daily miss, smallest first. Updated Nov 4, 2026.

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Average daily miss, bp, one bar per fund

firstlast

3.8

first, PSQ

16.7

last, ORCS

funds in the list

All 34, lowest first

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1x inverse ETFs ranked by daily tracking
#	Ticker	Fund	Issuer	Average daily miss, bp ↑	Tracking error	Up days less down days, bp	Confidence	On NAV, bp
1	PSQ	ProShares Short QQQ	ProShares	3.8	0.69%	0.0	Not significant (t −0.0)	3.4 (13 days)
2	SH	ProShares Short S&P500	ProShares	3.8	0.62%	−0.6	Not significant (t −0.6)	2.8 (60 days)
3	DOG	ProShares Short Dow30	ProShares	4.3	0.70%	+0.8	Not significant (t 0.7)	2.7 (60 days)
4	SEF	ProShares Short Financials	ProShares	4.9	0.92%	+0.5	Not significant (t 0.3)	2.8 (60 days)
5	RWM	ProShares Short Russell2000	ProShares	5.5	1.03%	−0.9	Not significant (t −0.5)	2.6 (61 days)
6	MYY	ProShares Short MidCap400	ProShares	5.7	1.14%	−2.9	Not significant (t −1.6)	2.5 (61 days)
7	TSLS	Direxion Daily TSLA Bear 1X ETF	Direxion	5.8	1.10%	+0.8	Not significant (t 0.4)	3.4 (17 days)
8	GGLS	Direxion Daily GOOGL Bear 1X ETF	Direxion	6.2	1.31%	0.0	Not significant (t 0.0)	2.4 (20 days)
9	NFXS	Direxion Daily NFLX Bear 1X ETF	Direxion	6.7	1.38%	−1.2	Not significant (t −0.5)	3.4 (15 days)
10	SBB	ProShares Short SmallCap600	ProShares	6.8	1.44%	−2.4	Not significant (t −1.0)	2.5 (61 days)
11	AMDD	Direxion Daily AMD Bear 1X ETF	Direxion	6.9	1.32%	+2.2	Not significant (t 1.1)	3.2 (19 days)
12	NVDD	Direxion Daily NVDA Bear 1X ETF	Direxion	7.0	1.33%	+0.3	Not significant (t 0.1)	3.2 (19 days)
13	AMZD	Direxion Daily AMZN Bear 1X ETF	Direxion	7.1	1.38%	−4.3	Significant (t −2.0)	3.9 (19 days)
14	EFZ	ProShares Short MSCI EAFE	ProShares	7.2	1.43%	−3.4	Not significant (t −1.6)	not read
15	BITI	ProShares Short Bitcoin ETF	ProShares	7.4	1.43%	−2.4	Not significant (t −1.1)	5.6 (61 days)
16	REK	ProShares Short Real Estate	ProShares	7.8	1.53%	+0.6	Not significant (t 0.2)	2.8 (60 days)
17	MSFD	Direxion Daily MSFT Bear 1X ETF	Direxion	8.0	1.73%	+1.7	Not significant (t 0.6)	3.6 (18 days)
18	METD	Direxion Daily META Bear 1X ETF	Direxion	8.3	1.74%	−4.3	Not significant (t −1.6)	3.6 (17 days)
19	SKHZ	Leverage Shares 1X Short SK Hynix Daily ETF	Leverage Shares	8.5	1.63%	+4.1	Not significant (t 1.6)	5.5 (12 days)
20	EUM	ProShares Short MSCI Emerging Markets	ProShares	8.7	1.88%	−2.4	Not significant (t −0.8)	not read
21	SPDN	Direxion Daily S&P 500 Bear 1X ETF	Direxion	9.2	1.71%	−0.5	Not significant (t −0.2)	5.0 (20 days)
22	YXI	ProShares Short FTSE China 50	ProShares	9.2	2.22%	+2.4	Not significant (t 0.7)	not read
23	TBF	ProShares Short 20+ Year Treasury	ProShares	9.3	1.80%	−4.5	Not significant (t −1.6)	2.7 (60 days)
24	AVS	Direxion Daily AVGO Bear 1X ETF	Direxion	9.4	1.87%	+5.0	Not significant (t 1.8)	4.1 (19 days)
25	AAPD	Direxion Daily AAPL Bear 1X ETF	Direxion	9.6	1.77%	+5.4	Not significant (t 1.9)	3.9 (19 days)
26	SETH	ProShares Short Ether ETF	ProShares	9.7	1.95%	−1.7	Not significant (t −0.5)	7.9 (61 days)
27	PALD	Direxion Daily PANW Bear 1X ETF	Direxion	9.8	1.83%	+0.1	Not significant (t 0.0)	4.6 (17 days)
28	CSCS	Direxion Daily CSCO Bear 1X ETF	Direxion	9.9	2.12%	+1.1	Not significant (t 0.3)	3.1 (19 days)
29	QCMD	Direxion Daily QCOM Bear 1X ETF	Direxion	10.4	2.18%	−1.5	Not significant (t −0.5)	4.6 (18 days)
30	PLTD	Direxion Daily PLTR Bear 1X ETF	Direxion	11.0	2.24%	−1.3	Not significant (t −0.3)	6.2 (17 days)
31	SARK	Tradr 1X Short Innovation Daily ETF	Tradr	11.1	2.29%	−7.3	Significant (t −2.1)	not read
32	MUD	Direxion Daily MU Bear 1X ETF	Direxion	11.2	2.59%	+5.0	Not significant (t 1.2)	4.5 (19 days)
33	TSMZ	Direxion Daily TSM Bear 1X ETF	Direxion	12.3	2.39%	+6.2	Not significant (t 1.6)	6.5 (20 days)
34	ORCS	Direxion Daily ORCL Bear 1X ETF	Direxion	16.7	3.40%	−10.7	Significant (t −2.0)	2.8 (19 days)

1x inverse ETFs ranked by daily tracking, ranked by average daily miss, smallest first, as of Nov 4, 2026. 90 days to Nov 4, 2026, on closing prices. Source: ETFIQ.CSV Method

Method

The daily miss is the fund's return each day less minus one times its underlying's return that day, in basis points (hundredths of a percentage point), averaged over the 90 days to the date above, on closing prices for every fund. Smaller is closer.

The rest of the method

Tracking error is the spread of the daily misses, annualized. Up days less down days compares the average miss on days the underlying rose with days it fell; Significant means the gap is at least two standard errors from zero. The NAV reading is the same miss on the issuer's NAV, where ETFIQ holds it for the fund and its underlying. 2 more funds in this set are measured and not ranked; each fund page says why. The list sorts one published number, with no scoring or weighting. Every one of the 36 1x inverse ETFs ETFIQ measures is eligible.

How these numbers are computed →Standards and sources →

Where to next

Leveraged ETF tracking by issuer→2x leveraged ETFs ranked by daily tracking→3x leveraged ETFs ranked by daily tracking→2x inverse ETFs ranked by daily tracking→3x inverse ETFs ranked by daily tracking→How daily tracking is measured→The tracking data file→

Sources and dates

The multiple each fund states in its own registered name, from the SEC investment company series and class filesec.gov ↗

SEC EDGAR, full-text search of fund filingsefts.sec.gov ↗

SEC Form N-PORT, what a fund filed it holdssec.gov ↗

Rule 19a-1, what a distribution notice must sayecfr.gov ↗

Links are sources, not endorsements. A ranking is not a recommendation or an opinion.

Cite this pageCitation, APA and Markdown

ETFIQ, 1x inverse ETFs ranked by daily tracking, ranked by average daily miss, smallest first, data as of Nov 4, 2026. https://etfiq.com/leveraged-etf-tracking/one-times-inverse/

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.