- ISIN
- US90274E1661
- CUSIP
- 90274E166
- Issuer
- UBS
- Inception Date
- Nov 8, 2018
- Category
- Leveraged Equities, Dividend
- Leveraged
- 2x
- Index Tracked
- Solactive US Small Cap High Dividend Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $21M
Highlights
- Avg. Volume (1M)
- 23K
- Avg. Volume Value (1M)
- $94.24K
Share Price Chart
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Performance
SMHB Performance Chart
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is up 14.3% since the beginning of the year. SMHB is currently trading at $4 per share. Investors who bought $1,000 worth of SMHB shares 5 years ago would now be looking at an investment worth $816.
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Returns By Period
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) has returned 14.34% so far this year and 13.60% over the past 12 months.
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B
- 1D
- -1.16%
- 1M
- -3.81%
- 6M
- 5.43%
- YTD
- 14.34%
- 1Y
- 13.60%
- 3Y*
- 0.43%
- 5Y*
- -3.98%
- 10Y*
- —
- ALL TIME*
- -5.83%
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%
SMHB Monthly Returns History
Based on dividend-adjusted daily data since Nov 14, 2018, SMHB's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.
Historically, 51% of months were positive and 49% were negative. The best month was Apr 2020 with a return of +49.8%, while the worst month was Mar 2020 at -78.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMHB closed higher 50% of trading days. The best single day was Mar 19, 2020 with a return of +62.6%, while the worst single day was Mar 18, 2020 at -51.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.45% | -3.04% | -7.17% | 11.91% | 0.10% | 5.96% | -1.32% | 14.34% | |||||
| 2025 | 4.73% | 3.56% | -11.60% | -10.64% | 2.05% | 7.45% | 0.03% | 12.15% | -4.44% | -4.32% | -3.02% | -1.28% | -7.75% |
| 2024 | -14.23% | 0.31% | 8.00% | -4.91% | -0.53% | -2.09% | 12.51% | -5.69% | 9.80% | -9.78% | 3.75% | -10.33% | -15.85% |
| 2023 | 31.59% | -13.85% | -20.42% | -6.16% | -6.41% | 25.59% | 22.66% | -0.06% | -11.63% | -15.64% | 19.57% | 25.03% | 35.96% |
| 2022 | -2.93% | -6.48% | 9.70% | -16.40% | 9.80% | -22.42% | 21.42% | -7.35% | -31.31% | 30.14% | 10.98% | -19.18% | -36.03% |
| 2021 | 14.30% | 13.84% | 8.35% | 6.96% | 5.77% | 5.02% | -4.67% | 1.78% | -2.03% | 5.03% | -8.61% | 10.48% | 68.86% |
Benchmark Metrics
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B has an annualized alpha of -13.43%, beta of 2.03, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since November 14, 2018.
- This ETF participated in 205.00% of S&P 500 Index downside but only 198.61% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.37 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
- -13.43%
- Beta
- 2.03
- R²
- 0.37
- Upside Capture
- 198.61%
- Downside Capture
- 205.00%
Expense Ratio
SMHB has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMHB ranks 20 for risk / return — above 20% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) 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.
| SMHB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.00 | -1.51 |
| Martin ratioReturn relative to average drawdown | 1.24 | 8.49 | -7.26 |
Dividends
Dividend History
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B provided a 19.83% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.87 | $1.13 | $1.13 | $1.58 | $1.48 | $1.37 | $3.48 | $0.17 |
Dividend yield | 19.83% | 22.22% | 21.95% | 15.27% | 24.18% | 12.22% | 16.86% | 19.97% | 0.91% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend 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 | $0.08 | $0.07 | $0.04 | $0.07 | $0.08 | $0.05 | $0.10 | $0.49 | |||||
| 2025 | $0.09 | $0.09 | $0.05 | $0.16 | $0.03 | $0.04 | $0.12 | $0.03 | $0.06 | $0.12 | $0.03 | $0.04 | $0.87 |
| 2024 | $0.16 | $0.05 | $0.04 | $0.17 | $0.09 | $0.08 | $0.15 | $0.04 | $0.09 | $0.14 | $0.03 | $0.07 | $1.13 |
| 2023 | $0.18 | $0.06 | $0.06 | $0.18 | $0.06 | $0.07 | $0.11 | $0.04 | $0.09 | $0.14 | $0.04 | $0.09 | $1.13 |
| 2022 | $0.22 | $0.08 | $0.07 | $0.25 | $0.10 | $0.15 | $0.17 | $0.08 | $0.10 | $0.18 | $0.06 | $0.11 | $1.58 |
| 2021 | $0.12 | $0.05 | $0.10 | $0.17 | $0.09 | $0.12 | $0.19 | $0.09 | $0.10 | $0.21 | $0.14 | $0.10 | $1.48 |
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 2xMonthly Pay Leveraged US Small Cap High Dividend 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 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B was 90.30%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B drawdown is 37.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-90.30%Mar 2020 | 1y 4mo | — | 7y 8moNov 2018 - now | COVID crash2020 |
Drawdown Indicators
| SMHB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.30% | -56.78% | -33.52% |
Max Drawdown (1Y)Largest decline over 1 year | -25.16% | -9.10% | -16.06% |
Max Drawdown (3Y)Largest decline over 3 years | -45.05% | -18.90% | -26.15% |
Max Drawdown (5Y)Largest decline over 5 years | -58.11% | -25.43% | -32.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -37.06% | -1.58% | -35.48% |
Average DrawdownAverage peak-to-trough decline | -37.18% | -10.70% | -26.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | 2.14% | +7.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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