Gallery. 1  Hand-cranked planetary sharpener, with cover in place. 2  Hand-cranked planetary sharpener from 1950â60, with cover removed. 3  Hand-cranked planetary sharpener with spring-driven pencil holder. 4  AC-powered electric pencil sharpener. 5  Battery-operated sharpener.
Description. Tracking Error is a measure of how closely an ETF follows its benchmark index. This data point seeks to isolate the ability of the portfolio managers to track the index, ignoring the confounding effects of ETF liquidity on market prices.escription. Tracking Error is a measure of how closely an ETF follows its benchmark index. This data point seeks to isolate the ability of the portfolio managers to track the index, ignoring the confounding effects of ETF liquidity on market prices.
ETFs always bundle together the securities that are in an index; they never track actively managed mutual fund portfolios (because most actively managed funds only disclose their holdings a few times a year, so the ETF would not know when to adjust its holdings most of the time).