As of Nov 4, 2026. Rebuilt every trading night.
Leverage · ranked by average daily miss, smallest first
2x inverse ETFs ranked by daily tracking
As of Nov 4, 2026, SDS missed its daily target by 4.7 basis points a day on average over 90 days, the closest of 75 2x inverse ETFs. See 75 funds ranked by average daily miss, smallest first. Updated Nov 4, 2026.
All 75, lowest first
75 of 75 · 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 | SDS | ProShares UltraShort S&P500 | ProShares | 4.7 | 0.75% | +1.8 | Not significant (t 1.5) | 4.3 (60 days) |
| 2 | QID | ProShares UltraShort QQQ | ProShares | 6.8 | 1.22% | −0.7 | Not significant (t −0.3) | 5.3 (13 days) |
| 3 | DXD | ProShares UltraShort Dow30 | ProShares | 7.1 | 1.26% | −0.8 | Not significant (t −0.4) | 4.2 (60 days) |
| 4 | TWM | ProShares UltraShort Russell2000 | ProShares | 7.5 | 1.26% | +3.6 | Not significant (t 1.8) | 4.1 (61 days) |
| 5 | TSLQ | Tradr 2X Short TSLA Daily ETF | Tradr | 8.4 | 1.61% | +7.3 | Significant (t 3.1) | not read |
| 6 | SKF | ProShares UltraShort Financials | ProShares | 8.8 | 1.56% | +3.1 | Not significant (t 1.2) | 4.4 (60 days) |
| 7 | TSLZ | T-REX 2X INVERSE TESLA DAILY TARGET ETF | T-REX | 9.3 | 1.91% | +4.9 | Not significant (t 1.7) | 3.6 (13 days) |
| 8 | GLL | ProShares UltraShort Gold | ProShares | 9.4 | 1.58% | 0.0 | Not significant (t 0.0) | not read |
| 9 | ERY | Direxion Daily Energy Bear 2X ETF | Direxion | 10.3 | 1.86% | 0.0 | Not significant (t 0.0) | 6.0 (19 days) |
| 10 | NVDQ | T-REX 2X INVERSE NVIDIA DAILY TARGET ETF | T-REX | 10.8 | 2.37% | +5.0 | Not significant (t 1.3) | 4.4 (13 days) |
| 11 | DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | Direxion | 10.9 | 2.17% | +2.5 | Not significant (t 0.7) | 4.3 (19 days) |
| 12 | SRS | ProShares UltraShort Real Estate | ProShares | 11.2 | 1.95% | +0.2 | Not significant (t 0.1) | 4.4 (60 days) |
| 13 | TSDD | GraniteShares 2x Short TSLA Daily ETF | GraniteShares | 11.2 | 2.22% | +6.3 | Not significant (t 1.8) | 2.2 (12 days) |
| 14 | EWV | ProShares UltraShort MSCI Japan | ProShares | 11.6 | 2.18% | −0.3 | Not significant (t −0.1) | not read |
| 15 | DUST | Direxion Daily Gold Miners Index Bear 2X ETF | Direxion | 11.6 | 2.18% | +12.3 | Significant (t 4.0) | 47.2 (19 days) |
| 16 | DUG | ProShares UltraShort Energy | ProShares | 11.8 | 2.40% | +4.2 | Not significant (t 1.0) | 4.4 (60 days) |
| 17 | PST | ProShares UltraShort 7-10 Year Treasury | ProShares | 11.8 | 2.26% | −3.7 | Not significant (t −1.0) | 3.7 (60 days) |
| 18 | SCC | ProShares UltraShort Consumer Discretionary | ProShares | 12.0 | 2.32% | +0.7 | Not significant (t 0.2) | 4.2 (60 days) |
| 19 | PLTZ | Defiance Daily Target 2X Short PLTR ETF | Defiance | 12.1 | 2.50% | +8.0 | Significant (t 2.1) | 4.5 (20 days) |
| 20 | AMZO | Tradr 2X Short AMZN Daily ETF | Tradr | 12.2 | 2.37% | −0.8 | Not significant (t −0.2) | not read |
| 21 | SBIT | ProShares UltraShort Bitcoin ETF | ProShares | 12.2 | 2.37% | −6.4 | Not significant (t −1.7) | 9.0 (61 days) |
| 22 | REW | ProShares UltraShort Technology | ProShares | 12.7 | 2.41% | −0.7 | Not significant (t −0.2) | 4.1 (60 days) |
| 23 | MZZ | ProShares UltraShort MidCap400 | ProShares | 13.5 | 2.78% | −10.9 | Significant (t −2.6) | 5.6 (61 days) |
| 24 | SSPC | Leverage Shares 2X Short SPCX Daily ETF | Leverage Shares | 15.3 | 3.05% | +2.5 | Not significant (t 0.5) | 5.0 (20 days) |
| 25 | SKDD | GraniteShares 2x Short SK Hynix Daily ETF | GraniteShares | 15.6 | 3.17% | +1.5 | Not significant (t 0.3) | 5.9 (11 days) |
| 26 | TBT | ProShares UltraShort 20+ Year Treasury | ProShares | 15.7 | 3.56% | −5.4 | Not significant (t −1.0) | 4.3 (60 days) |
| 27 | EFU | ProShares UltraShort MSCI EAFE | ProShares | 15.7 | 3.18% | −4.9 | Not significant (t −1.0) | not read |
| 28 | EEV | ProShares UltraShort MSCI Emerging Markets | ProShares | 16.3 | 3.47% | +3.9 | Not significant (t 0.7) | not read |
| 29 | ZSL | ProShares UltraShort Silver | ProShares | 16.5 | 3.25% | −13.4 | Significant (t −2.7) | not read |
| 30 | SDD | ProShares UltraShort SmallCap600 | ProShares | 16.5 | 3.22% | −4.0 | Not significant (t −0.8) | 4.4 (61 days) |
| 31 | SZK | ProShares UltraShort Consumer Staples | ProShares | 16.6 | 3.18% | +9.3 | Not significant (t 1.9) | 4.3 (60 days) |
| 32 | JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | Direxion | 16.7 | 3.13% | +15.0 | Significant (t 3.2) | 83.6 (18 days) |
| 33 | SIJ | ProShares UltraShort Industrials | ProShares | 16.8 | 3.48% | +3.0 | Not significant (t 0.5) | 4.2 (60 days) |
| 34 | SPCG | Tradr 2X Short SpaceX Daily ETF | Tradr | 17.0 | 3.78% | +11.1 | Not significant (t 1.9) | not read |
| 35 | NVD | GraniteShares 2x Short NVDA Daily ETF | GraniteShares | 17.5 | 3.63% | +2.5 | Not significant (t 0.4) | 3.7 (12 days) |
| 36 | SCO | ProShares UltraShort Bloomberg Crude Oil | ProShares | 17.9 | 3.73% | +6.0 | Not significant (t 1.0) | not read |
| 37 | SNDQ | Tradr 2X Short SNDK Daily ETF | Tradr | 18.1 | 3.62% | +7.7 | Not significant (t 1.4) | not read |
| 38 | SDP | ProShares UltraShort Utilities | ProShares | 18.9 | 3.81% | −4.2 | Not significant (t −0.7) | 4.1 (60 days) |
| 39 | EPV | ProShares UltraShort FTSE Europe | ProShares | 19.0 | 3.93% | −1.7 | Not significant (t −0.3) | not read |
| 40 | BTCZ | T-REX 2X INVERSE BITCOIN DAILY TARGET ETF | T-REX | 19.7 | 4.06% | −7.2 | Not significant (t −1.1) | 10.6 (11 days) |
| 41 | CONI | GraniteShares 2x Short COIN Daily ETF | GraniteShares | 19.7 | 4.17% | +5.0 | Not significant (t 0.8) | 5.8 (12 days) |
| 42 | SNK | GraniteShares 2x Short SpaceX Daily ETF | GraniteShares | 20.1 | 4.50% | −3.3 | Not significant (t −0.5) | not read |
| 43 | ETHD | ProShares UltraShort Ether ETF | ProShares | 20.4 | 4.58% | −11.6 | Not significant (t −1.6) | 13.3 (61 days) |
| 44 | BIS | ProShares UltraShort Nasdaq Biotechnology | ProShares | 21.6 | 4.72% | +8.5 | Not significant (t 1.1) | 4.7 (13 days) |
| 45 | SMN | ProShares UltraShort Materials | ProShares | 21.9 | 4.69% | +1.7 | Not significant (t 0.2) | 4.3 (60 days) |
| 46 | IREZ | Tradr 2X Short IREN Daily ETF | Tradr | 22.4 | 4.44% | +0.3 | Not significant (t 0.1) | not read |
| 47 | DAMD | Defiance Daily Target 2X Short AMD ETF | Defiance | 22.6 | 5.22% | +6.7 | Not significant (t 0.8) | 4.0 (20 days) |
| 48 | CORD | T-REX 2X INVERSE CRWV DAILY TARGET ETF | T-REX | 23.6 | 4.55% | −4.0 | Not significant (t −0.5) | 5.3 (13 days) |
| 49 | MUZ | Defiance Daily Target 2X Short MU ETF | Defiance | 23.9 | 5.17% | +4.5 | Not significant (t 0.5) | 10.2 (20 days) |
| 50 | MSTZ | T-REX 2X INVERSE MSTR DAILY TARGET ETF | T-REX | 24.3 | 4.90% | +24.2 | Significant (t 3.4) | 11.4 (13 days) |
| 51 | RAMZ | T-REX 2X INVERSE DRAM DAILY TARGET ETF | T-REX | 24.5 | 5.23% | +10.9 | Not significant (t 1.3) | not read |
| 52 | NBIZ | Tradr 2X Short NBIS Daily ETF | Tradr | 24.6 | 5.77% | +14.4 | Not significant (t 1.6) | not read |
| 53 | BZQ | ProShares UltraShort MSCI Brazil Capped | ProShares | 24.7 | 5.41% | 0.0 | Not significant (t −0.0) | not read |
| 54 | LITZ | Tradr 2X Short LITE Daily ETF | Tradr | 24.9 | 5.39% | +5.4 | Not significant (t 0.6) | not read |
| 55 | STSM | Defiance Daily Target 2X Short TSM ETF | Defiance | 25.2 | 5.02% | +12.0 | Not significant (t 1.5) | 1.4 (20 days) |
| 56 | SMST | Defiance Daily Target 2X Short MSTR ETF | Defiance | 25.7 | 5.20% | +1.3 | Not significant (t 0.2) | 10.1 (20 days) |
| 57 | BEZ | Tradr 2X Short BE Daily ETF | Tradr | 26.2 | 5.80% | −3.9 | Not significant (t −0.4) | not read |
| 58 | RXD | ProShares UltraShort Health Care | ProShares | 26.3 | 7.09% | +8.3 | Not significant (t 0.7) | 4.2 (60 days) |
| 59 | SKRE | TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF | Tuttle | 26.3 | 5.77% | −0.3 | Not significant (t −0.0) | not read |
| 60 | ORCZ | Tradr 2X Short ORCL Daily ETF | Tradr | 26.6 | 5.50% | +8.3 | Not significant (t 1.0) | not read |
| 61 | BMNZ | Defiance Daily Target 2X Short BMNR ETF | Defiance | 29.3 | 5.69% | −13.8 | Not significant (t −1.6) | 10.3 (20 days) |
| 62 | CRCD | T-REX 2X INVERSE CRCL DAILY TARGET ETF | T-REX | 30.4 | 5.70% | +11.9 | Not significant (t 1.3) | 18.5 (13 days) |
| 63 | AAOZ | Tradr 2X Short AAOI Daily ETF | Tradr | 31.5 | 7.25% | −1.7 | Not significant (t −0.1) | not read |
| 64 | CBRZ | Tradr 2X Short CBRS Daily ETF | Tradr | 34.5 | 7.63% | +31.8 | Significant (t 2.7) | not read |
| 65 | RGTZ | Defiance Daily Target 2X Short RGTI ETF | Defiance | 35.9 | 7.13% | +23.5 | Significant (t 2.1) | 18.5 (20 days) |
| 66 | APLZ | Tradr 2X Short APLD Daily ETF | Tradr | 36.9 | 7.24% | +4.4 | Not significant (t 0.4) | not read |
| 67 | SMCZ | Defiance Daily Target 2X Short SMCI ETF | Defiance | 38.4 | 7.99% | +10.4 | Not significant (t 0.8) | 22.3 (20 days) |
| 68 | LOFD | Direxion Daily SpaceX Bear 2X ETF | Direxion | 41.8 | 15.49% | +33.9 | Not significant (t 1.4) | 6.0 (19 days) |
| 69 | IONZ | Defiance Daily Target 2X Short IONQ ETF | Defiance | 48.3 | 10.89% | −15.2 | Not significant (t −0.9) | 10.4 (20 days) |
| 70 | QBTZ | Defiance Daily Target 2X Short QBTS ETF | Defiance | 50.3 | 18.08% | +13.0 | Not significant (t 0.5) | 13.7 (20 days) |
| 71 | RKLZ | Defiance Daily Target 2X Short RKLB ETF | Defiance | 50.7 | 10.35% | −18.6 | Not significant (t −1.1) | 11.8 (20 days) |
| 72 | FXP | ProShares UltraShort FTSE China 50 | ProShares | 51.4 | 10.86% | +48.5 | Significant (t 3.0) | not read |
| 73 | ASTN | Defiance Daily Target 2X Short ASTS ETF | Defiance | 58.5 | 11.75% | +1.8 | Not significant (t 0.1) | 8.8 (20 days) |
| 74 | SPCQ | Defiance Daily Target 2X Short SPCX ETF | Defiance | 60.7 | 12.79% | −1.2 | Not significant (t −0.1) | 14.0 (20 days) |
| 75 | SKHN | Tradr 2X Short SK Hynix Daily ETF | Tradr | 76.8 | 40.67% | +103.1 | Not significant (t 1.6) | not read |
The daily miss is the fund's return each day less minus two 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. 4 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 79 2x inverse ETFs ETFIQ measures is eligible.
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, 2x 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/two-times-inverse/
ETFIQ. (Nov 4, 2026). 2x inverse ETFs ranked by daily tracking, ranked by average daily miss, smallest first. Retrieved from https://etfiq.com/leveraged-etf-tracking/two-times-inverse/
[2x inverse ETFs ranked by daily tracking, ranked by average daily miss, smallest first (ETFIQ, Nov 4, 2026)](https://etfiq.com/leveraged-etf-tracking/two-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.