As of Nov 4, 2026. Rebuilt every trading night.
3x inverse ETFs ranked by daily tracking
As of Nov 4, 2026, SQQQ missed its daily target by 6.4 basis points a day on average over 90 days, the closest of 19 3x inverse ETFs. See 19 funds ranked by average daily miss, smallest first. Updated Nov 4, 2026.
All 19, lowest first
19 of 19 · click a column to sort| # | Ticker | Fund | Issuer | Average daily miss, bp ↑ | Tracking error | Up days less down days, bp | Confidence | On NAV, bp |
|---|---|---|---|---|---|---|---|---|
| 1 | SQQQ | ProShares UltraPro Short QQQ | ProShares | 6.4 | 0.93% | +2.8 | Not significant (t 1.9) | 7.5 (13 days) |
| 2 | SDOW | ProShares UltraPro Short Dow30 | ProShares | 6.6 | 0.87% | +0.8 | Not significant (t 0.6) | 6.1 (60 days) |
| 3 | SPXU | ProShares UltraPro Short S&P500 | ProShares | 7.1 | 1.07% | +1.3 | Not significant (t 0.8) | 6.0 (60 days) |
| 4 | SPXS | Direxion Daily S&P 500 Bear 3X ETF | Direxion | 7.1 | 1.05% | +0.7 | Not significant (t 0.4) | 6.2 (19 days) |
| 5 | TZA | Direxion Daily Small Cap Bear 3X ETF | Direxion | 7.1 | 1.08% | +4.2 | Significant (t 2.5) | 5.6 (18 days) |
| 6 | SRTY | ProShares UltraPro Short Russell2000 | ProShares | 8.8 | 1.50% | +3.3 | Not significant (t 1.4) | 5.7 (61 days) |
| 7 | TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | Direxion | 9.7 | 1.85% | +5.4 | Not significant (t 1.9) | 11.0 (17 days) |
| 8 | FAZ | Direxion Daily Financial Bear 3X ETF | Direxion | 11.5 | 2.17% | +11.4 | Significant (t 3.6) | 6.5 (17 days) |
| 9 | YANG | Direxion Daily FTSE China Bear 3X ETF | Direxion | 11.9 | 2.41% | +10.4 | Significant (t 2.8) | not read |
| 10 | WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | Direxion | 12.9 | 2.48% | −1.3 | Not significant (t −0.3) | 5.3 (20 days) |
| 11 | TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | Direxion | 13.0 | 2.39% | +6.3 | Not significant (t 1.7) | 7.2 (19 days) |
| 12 | TECS | Direxion Daily Technology Bear 3X ETF | Direxion | 13.7 | 3.06% | +4.6 | Not significant (t 0.9) | 5.6 (19 days) |
| 13 | SOXS | Direxion Daily Semiconductor Bear 3X ETF | Direxion | 15.4 | 2.98% | −3.6 | Not significant (t −0.7) | 7.7 (19 days) |
| 14 | EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | Direxion | 15.9 | 3.10% | +9.7 | Not significant (t 2.0) | not read |
| 15 | DRV | Direxion Daily Real Estate Bear 3X ETF | Direxion | 16.2 | 2.99% | −9.8 | Significant (t −2.1) | 6.1 (17 days) |
| 16 | SMDD | ProShares UltraPro Short MidCap400 | ProShares | 16.6 | 3.55% | −5.5 | Not significant (t −0.9) | 5.9 (61 days) |
| 17 | LABD | Direxion Daily S&P Biotech Bear 3X ETF | Direxion | 18.6 | 3.71% | +3.2 | Not significant (t 0.6) | 6.6 (17 days) |
| 18 | TTT | ProShares UltraPro Short 20+ Year Treasury | ProShares | 19.7 | 3.86% | −2.6 | Not significant (t −0.4) | 5.2 (59 days) |
| 19 | HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | Direxion | 27.5 | 5.39% | −28.0 | Significant (t −3.8) | 5.7 (11 days) |
The daily miss is the fund's return each day less minus three 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.
The rest of the method
Smaller is closer. 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. The list sorts one published number, with no scoring or weighting. Every one of the 19 3x inverse ETFs ETFIQ measures is eligible.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, 3x 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/three-times-inverse/
ETFIQ. (Nov 4, 2026). 3x inverse ETFs ranked by daily tracking, ranked by average daily miss, smallest first. Retrieved from https://etfiq.com/leveraged-etf-tracking/three-times-inverse/
[3x inverse ETFs ranked by daily tracking, ranked by average daily miss, smallest first (ETFIQ, Nov 4, 2026)](https://etfiq.com/leveraged-etf-tracking/three-times-inverse/)
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