- Issuer
- UBS
- Inception Date
- Oct 24, 2019
- Category
- Leveraged Equities, Dividend, Low Volatility
- Leveraged
- 2x
- Index Tracked
- Solactive US High Dividend Low Volatility (USD)(TR) (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $6M
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $57.41K
Share Price Chart
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Performance
HDLB Performance Chart
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is up 25.1% since the beginning of the year. HDLB is currently trading at $18 per share. Investors who bought $1,000 worth of HDLB shares 5 years ago would now be looking at an investment worth $1,957.
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Returns By Period
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has returned 25.12% so far this year and 26.69% over the past 12 months.
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B
- 1D
- -0.60%
- 1M
- 6.28%
- 6M
- 12.18%
- YTD
- 25.12%
- 1Y
- 26.69%
- 3Y*
- 29.45%
- 5Y*
- 14.37%
- 10Y*
- —
- ALL TIME*
- 6.16%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HDLB Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2019, HDLB's average daily return is +0.06%, while the average monthly return is +1.32%. At this rate, an investment would double in approximately 4.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +31.1%, while the worst month was Mar 2020 at -59.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HDLB closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +23.4%, while the worst single day was Mar 12, 2020 at -32.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.54% | 13.87% | -7.39% | -0.28% | -3.78% | 0.65% | 10.16% | 25.12% | |||||
| 2025 | 4.66% | 13.85% | 4.20% | -5.47% | 1.06% | 2.19% | 2.60% | 9.63% | 0.09% | -8.88% | 5.70% | -3.18% | 27.26% |
| 2024 | -1.62% | 1.64% | 10.02% | -8.12% | 6.04% | -0.23% | 13.36% | 7.96% | 4.08% | 1.19% | 8.54% | -14.30% | 28.21% |
| 2023 | 10.65% | -10.10% | -5.62% | -0.16% | -14.29% | 10.31% | 3.46% | -4.19% | -9.34% | -4.12% | 17.53% | 6.84% | -4.12% |
| 2022 | -0.47% | -4.43% | 7.48% | -3.00% | 12.05% | -15.52% | 5.33% | -7.06% | -22.72% | 21.73% | 11.02% | -7.74% | -11.46% |
| 2021 | 7.23% | 5.91% | 14.05% | 7.87% | 1.37% | -0.92% | 2.67% | 3.63% | -8.60% | 1.41% | -0.96% | 18.70% | 62.67% |
Benchmark Metrics
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B has an annualized alpha of -5.58%, beta of 1.38, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since October 25, 2019.
- This ETF participated in 162.02% of S&P 500 Index downside but only 142.93% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -5.58%
- Beta
- 1.38
- R²
- 0.41
- Upside Capture
- 142.93%
- Downside Capture
- 162.02%
Expense Ratio
HDLB has a high expense ratio of 1.65%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HDLB ranks 40 for risk / return — above 40% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HDLB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.00 | -0.26 |
| Martin ratioReturn relative to average drawdown | 3.74 | 8.49 | -4.75 |
Dividends
Dividend History
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B provided a 10.19% dividend yield over the last twelve months, with an annual payout of $1.80 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.80 | $1.83 | $1.35 | $1.43 | $1.48 | $1.37 | $1.86 | $0.26 |
Dividend yield | 10.19% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.18 | $0.08 | $0.17 | $0.21 | $0.08 | $0.20 | $1.05 | |||||
| 2025 | $0.11 | $0.14 | $0.10 | $0.21 | $0.14 | $0.17 | $0.22 | $0.13 | $0.13 | $0.19 | $0.12 | $0.17 | $1.83 |
| 2024 | $0.09 | $0.14 | $0.04 | $0.15 | $0.12 | $0.05 | $0.16 | $0.12 | $0.09 | $0.13 | $0.11 | $0.14 | $1.35 |
| 2023 | $0.14 | $0.11 | $0.13 | $0.14 | $0.12 | $0.09 | $0.14 | $0.14 | $0.07 | $0.13 | $0.10 | $0.13 | $1.43 |
| 2022 | $0.11 | $0.16 | $0.10 | $0.16 | $0.19 | $0.09 | $0.00 | $0.12 | $0.12 | $0.21 | $0.09 | $0.13 | $1.48 |
| 2021 | $0.08 | $0.10 | $0.11 | $0.10 | $0.13 | $0.12 | $0.12 | $0.17 | $0.07 | $0.14 | $0.13 | $0.11 | $1.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B was 78.70%, occurring on Mar 23, 2020. Recovery took 1238 trading sessions.
The current ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B drawdown is 5.63%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.70%Mar 2020 | 1mo 1d | 4y 11mo | 5y 6dFeb 2020 - Feb 2025 | COVID crash2020 |
-20.94%Apr 2025 | 4d | 1mo 11d | 1mo 15dApr 2025 - May 2025 | 2025 selloff2025 |
-16.17%Jun 2026 | 3mo 3d | 1mo 23d | 4mo 26dMar 2026 - Jul 2026 | — |
-11.98%Nov 2025 | 1mo 2d | 2mo 28d | 4moOct 2025 - Jan 2026 | — |
-9.03%May 2025 | 2d | 1mo 11d | 1mo 13dMay 2025 - Jul 2025 | 2025 selloff2025 |
Drawdown Indicators
| HDLB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -56.78% | -21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -9.10% | -7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -18.90% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | -25.43% | -18.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.63% | -1.58% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -27.01% | -10.70% | -16.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 2.14% | +5.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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