{"url":"https://etfiq.com/leveraged-etf-tracking/three-times-inverse/","section":"leveraged-etf-tracking","title":"3x Inverse ETF Tracking Error, Ranked | ETFIQ","description":"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.","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"3x inverse ETFs ranked by daily tracking","numberOfItems":19,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"SQQQ","url":"https://etfiq.com/funds/sqqq/tracking/"},{"@type":"ListItem","position":2,"name":"SDOW","url":"https://etfiq.com/funds/sdow/tracking/"},{"@type":"ListItem","position":3,"name":"SPXU","url":"https://etfiq.com/funds/spxu/tracking/"},{"@type":"ListItem","position":4,"name":"SPXS","url":"https://etfiq.com/funds/spxs/tracking/"},{"@type":"ListItem","position":5,"name":"TZA","url":"https://etfiq.com/funds/tza/tracking/"},{"@type":"ListItem","position":6,"name":"SRTY","url":"https://etfiq.com/funds/srty/tracking/"},{"@type":"ListItem","position":7,"name":"TMV","url":"https://etfiq.com/funds/tmv/tracking/"},{"@type":"ListItem","position":8,"name":"FAZ","url":"https://etfiq.com/funds/faz/tracking/"},{"@type":"ListItem","position":9,"name":"YANG","url":"https://etfiq.com/funds/yang/tracking/"},{"@type":"ListItem","position":10,"name":"WEBS","url":"https://etfiq.com/funds/webs/tracking/"},{"@type":"ListItem","position":11,"name":"TYO","url":"https://etfiq.com/funds/tyo/tracking/"},{"@type":"ListItem","position":12,"name":"TECS","url":"https://etfiq.com/funds/tecs/tracking/"},{"@type":"ListItem","position":13,"name":"SOXS","url":"https://etfiq.com/funds/soxs/tracking/"},{"@type":"ListItem","position":14,"name":"EDZ","url":"https://etfiq.com/funds/edz/tracking/"},{"@type":"ListItem","position":15,"name":"DRV","url":"https://etfiq.com/funds/drv/tracking/"},{"@type":"ListItem","position":16,"name":"SMDD","url":"https://etfiq.com/funds/smdd/tracking/"},{"@type":"ListItem","position":17,"name":"LABD","url":"https://etfiq.com/funds/labd/tracking/"},{"@type":"ListItem","position":18,"name":"TTT","url":"https://etfiq.com/funds/ttt/tracking/"},{"@type":"ListItem","position":19,"name":"HIBS","url":"https://etfiq.com/funds/hibs/tracking/"}]},{"@type":"Dataset","name":"3x inverse ETFs ranked by daily tracking","description":"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.","url":"https://etfiq.com/leveraged-etf-tracking/three-times-inverse/","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leverage","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Tracking","item":"https://etfiq.com/leveraged-etf-tracking/"},{"@type":"ListItem","position":4,"name":"3x inverse ETFs","item":"https://etfiq.com/leveraged-etf-tracking/three-times-inverse/"}]},{"@type":"WebPage","name":"3x Inverse ETF Tracking Error, Ranked","description":"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.","url":"https://etfiq.com/leveraged-etf-tracking/three-times-inverse/","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":5146,"truncated":false,"content":"ETFIQ / Leverage / Tracking / 3x inverse ETFs \n \n As of Nov 4, 2026 . Rebuilt every trading night.\n 3x inverse ETFs ranked by daily tracking\n 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.\n 3x 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. # Ticker Fund Issuer Average daily miss, bp Tracking error Up days less down days, bp Confidence On NAV, bp \n 1 SQQQ ProShares UltraPro Short QQQ ProShares 6.4 0.93% +2.8 Not significant (t 1.9) 7.5 (13 days) \n 2 SDOW ProShares UltraPro Short Dow30 ProShares 6.6 0.87% +0.8 Not significant (t 0.6) 6.1 (60 days) \n 3 SPXU ProShares UltraPro Short S&P500 ProShares 7.1 1.07% +1.3 Not significant (t 0.8) 6.0 (60 days) \n 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) \n 5 TZA Direxion Daily Small Cap Bear 3X ETF Direxion 7.1 1.08% +4.2 Significant (t 2.5) 5.6 (18 days) \n 6 SRTY ProShares UltraPro Short Russell2000 ProShares 8.8 1.50% +3.3 Not significant (t 1.4) 5.7 (61 days) \n 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) \n 8 FAZ Direxion Daily Financial Bear 3X ETF Direxion 11.5 2.17% +11.4 Significant (t 3.6) 6.5 (17 days) \n 9 YANG Direxion Daily FTSE China Bear 3X ETF Direxion 11.9 2.41% +10.4 Significant (t 2.8) not read \n 10 WEBS Direxion Daily Dow Jones Internet Bear 3X ETF Direxion 12.9 2.48% \u22121.3 Not significant (t \u22120.3) 5.3 (20 days) \n 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) \n 12 TECS Direxion Daily Technology Bear 3X ETF Direxion 13.7 3.06% +4.6 Not significant (t 0.9) 5.6 (19 days) \n 13 SOXS Direxion Daily Semiconductor Bear 3X ETF Direxion 15.4 2.98% \u22123.6 Not significant (t \u22120.7) 7.7 (19 days) \n 14 EDZ Direxion Daily MSCI Emerging Markets Bear 3X ETF Direxion 15.9 3.10% +9.7 Not significant (t 2.0) not read \n 15 DRV Direxion Daily Real Estate Bear 3X ETF Direxion 16.2 2.99% \u22129.8 Significant (t \u22122.1) 6.1 (17 days) \n 16 SMDD ProShares UltraPro Short MidCap400 ProShares 16.6 3.55% \u22125.5 Not significant (t \u22120.9) 5.9 (61 days) \n 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) \n 18 TTT ProShares UltraPro Short 20+ Year Treasury ProShares 19.7 3.86% \u22122.6 Not significant (t \u22120.4) 5.2 (59 days) \n 19 HIBS Direxion Daily S&P 500 High Beta Bear 3X ETF Direxion 27.5 5.39% \u221228.0 Significant (t \u22123.8) 5.7 (11 days) \n \n Method\n 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. 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.\n Where to next\n Leveraged ETF tracking by issuer 2x leveraged ETFs ranked by daily tracking 3x leveraged ETFs ranked by daily tracking 1x inverse ETFs ranked by daily tracking 2x inverse ETFs ranked by daily tracking Every one of the 3x inverse ETFs How daily tracking is measured The tracking data file Sources\n The multiple each fund states in its own registered name, from the SEC investment company series and class file SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. 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/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain 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/ APA 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/ Markdown [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/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"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/"}