The ETFIQ Promise Index, 2026-Q4
As of Nov 3, 2026, 68.0% of measured US ETFs (1,199 of 1,764) delivered on their category's promise, covering 97.8% of measured assets.
Free to quote.
Nov 3, 2026.
- 1Income funds missed most. 190 of 322 measured income ETFs missed.
- 21,802 of 1,879 stock ETFs could not be tested.
Results by category
Green delivered, grey partly, red missed.
| Category | Funds | Measured | Delivered | Partly | Missed | Funds that delivered | Net assets that delivered | Net assets not measured |
|---|---|---|---|---|---|---|---|---|
| Buffer | 524 | 55 | 55 | 0 | 0 | 100.0% | 100.0% | 84.7% |
| Commodities | 68 | 21 | 21 | 0 | 0 | 100.0% | 100.0% | 12.7% |
| Stocks | 1,879 | 77 | 76 | 1 | 0 | 98.7% | 100.0% | 60.5% |
| Bonds | 844 | 550 | 531 | 15 | 4 | 96.5% | 98.6% | 23.4% |
| Crypto | 70 | 54 | 51 | 1 | 2 | 94.4% | 99.6% | 1.8% |
| Alternatives | 90 | 21 | 16 | 4 | 1 | 76.2% | 69.1% | 69.5% |
| Leverage | 731 | 655 | 366 | 196 | 93 | 55.9% | 84.9% | 3.1% |
| Allocation | 60 | 9 | 5 | 3 | 1 | 55.6% | 93.5% | 61.4% |
| Income | 377 | 322 | 78 | 54 | 190 | 24.2% | 48.3% | 0.5% |
| Themes | 427 | 0 | 0 | 0 | 0 | not measured | not measured | 100.0% |
| All categories | 5,070 | 1,764 | 1,199 | 274 | 291 | 68.0% | 97.8% | 53.0% |
By category, Nov 3, 2026. Source: ETFIQ.
68.0% of funds delivered, but 97.8% of assets did. Big stock and bond funds nearly all delivered. Many income and leveraged funds did not.
Largest misses
Two largest per category. Gap is in each test’s own unit.
| Ticker | Fund | Category | Test | Gap | Window | Net assets |
|---|---|---|---|---|---|---|
| BSJQ | Invesco BulletShares 2026 High Yield Corporate Bond ETF | Bonds | Duration and credit against its name | 33.5% | its latest N-PORT, Aug 31, 2026 | $669.1m |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | Bonds | Duration and credit against its name | 29.9% | its latest N-PORT, Jul 31, 2026 | $610.7m |
| GSUI | Grayscale Sui Staking ETF | Crypto | Tracking its coin, net of its fee | −24.3 pts | since launch, Nov 24, 2025 to Nov 3, 2026 | $21.0m |
| LTCN | Grayscale Litecoin Trust (LTC) | Crypto | Tracking its coin, net of its fee | −10.2 pts | 1 year, Nov 3, 2025 to Nov 3, 2026 | not published |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | Alternatives | Its stated objective | −0.67 | 52 weeks, Nov 4, 2025 to Nov 3, 2026 | $282.9m |
| TSLL | Direxion Daily TSLA Bull 2X ETF | Leverage | Against its daily multiple, compounded | −4.5 pts | 3 months, Aug 4, 2026 to Nov 3, 2026 | $3.7bn |
| BITX | 2x Bitcoin ETF | Leverage | Against its daily multiple, compounded | −4.4 pts | 3 months, Aug 4, 2026 to Nov 3, 2026 | $1.0bn |
| XRLX | FundX Conservative ETF | Allocation | Stock share against its name | 2 bands off | its latest N-PORT, Jun 30, 2026 | $49.5m |
| QQQI | NEOS Nasdaq-100 High Income ETF | Income | Total return against the cash paid | 43.8% | 1 year, Nov 3, 2025 to Nov 3, 2026 | $15.5bn |
| TLTW | iShares TLT Premium Income+ ETF | Income | Total return against the cash paid | −12.6% | 1 year, Nov 3, 2025 to Nov 3, 2026 | $1.6bn |
Largest misses, Nov 3, 2026. Source: ETFIQ.
Clean deliveries
| Ticker | Fund | Category | Test | Gap | Window | Net assets |
|---|---|---|---|---|---|---|
| BALT | Innovator Defined Wealth Shield ETF - Quarterly | Buffer | Outcome against the stated cap and buffer | +0.10 pts | finished outcome period, Jun 30, 2026 to Sep 30, 2026 | $3.2bn |
| GLD | SPDR Gold Shares | Commodities | Tracking its own index | +0.04 pts | 1 year, Nov 3, 2025 to Nov 3, 2026 | $132.3bn |
| VOO | Vanguard S&P 500 ETF | Stocks | Tracking its own index | 0.00 pts | 1 year, Nov 3, 2025 to Nov 3, 2026 | $1.0tn |
| BND | Vanguard Total Bond Market ETF | Bonds | Duration and credit against its name | +0.04 pts | 1 year, Nov 3, 2025 to Nov 3, 2026 | $161.4bn |
| IBIT | iShares Bitcoin Trust ETF | Crypto | Tracking its coin, net of its fee | +0.01 pts | 1 year, Nov 3, 2025 to Nov 3, 2026 | $62.4bn |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | Alternatives | Its stated objective | 55.9% | 52 weeks, Nov 4, 2025 to Nov 3, 2026 | $4.9bn |
| TQQQ | ProShares UltraPro QQQ | Leverage | Against its daily multiple, compounded | −2.0 pts | 3 months, Aug 4, 2026 to Nov 3, 2026 | $32.5bn |
| AOR | iShares Core 60/40 Balanced Allocation ETF | Allocation | Stock share against its name | +1.1 pts | its latest N-PORT, Jul 31, 2026 | $3.9bn |
| JEPI | JPMorgan Equity Premium Income ETF | Income | Total return against the cash paid | 124.7% | 1 year, Nov 3, 2025 to Nov 3, 2026 | $46.1bn |
Largest deliveries, Nov 3, 2026. Source: ETFIQ.
What was not measured
3,306 of 5,070 funds could not be tested. They hold 53.0% of all net assets.
Funds not measured, Nov 3, 2026. Source: ETFIQ.
How each is tested
Tests are in the method.
| Category | It promises to | Test | Window |
|---|---|---|---|
| Buffer | Pay the outcome its cap and buffer state | Outcome against the stated cap and buffer | finished outcome period |
| Commodities | Track the asset or index it names | Tracking its own index | 1 year |
| Stocks | Track the index it names | Tracking its own index | 1 year |
| Bonds | Hold the duration and credit its name states, and track its index | Duration and credit against its name | 1 year, its latest N-PORT |
| Crypto | Track its coin, less its fee | Tracking its coin, net of its fee | 1 year, since launch |
| Alternatives | Meet the objective its strategy states | Its stated objective | 52 weeks |
| Leverage | Deliver its multiple of each day's move | Against its daily multiple, compounded | 3 months, month, quarter |
| Allocation | Hold the stock share its name states | Stock share against its name | its latest N-PORT |
| Income | Pay income without spending the holder's capital | Total return against the cash paid | 1 year, since launch |
| Themes | Hold its theme | Exposure to its theme | none measured |
Test and window by category. Source: ETFIQ.
Limits
One night’s data. Each category has its own test window.
Delivered is a test result, not a recommendation.
12 measured crypto funds publish no net assets, so count in funds only.
Check it yourself
Not investment advice.
Cite this pageCitation, APA and Markdown
ETFIQ, The ETFIQ Promise Index, 2026-Q4, data as of Nov 4, 2026. https://etfiq.com/research/quarterly/2026-q4-promise-index/
ETFIQ. (Nov 4, 2026). The ETFIQ Promise Index, 2026-Q4. Retrieved from https://etfiq.com/research/quarterly/2026-q4-promise-index/
[The ETFIQ Promise Index, 2026-Q4 (ETFIQ, Nov 4, 2026)](https://etfiq.com/research/quarterly/2026-q4-promise-index/)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.