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.
You can think of an ETF as a form of index fund, in the sense that is has the same goal: To provide investors with a benchmark return at minimal cost. There is one important difference, however. Index funds are costly to trade, while ETFs often trade commission-free.