ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SMHB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMHB
SMHB charges 0.85% annually. There are 91 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | SMHB vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | SMHB vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | SMHB vs SPUU | |
| Leverage Shares 2x Long NEM Daily ETF | 0.75% | 1.12M | Nov 2025 | SMHB vs NEMG | |
| Leverage Shares 2X Long CIFR Daily ETF | 0.75% | 5.12M | Dec 2025 | SMHB vs CIFG |
Best Risk-Adjusted Alternatives to SMHB
SMHB has a PortfoliosLab risk / return rank of 11. There are 151 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | SMHB vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | SMHB vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | SMHB vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | SMHB vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | SMHB vs INTW |
Top Performing SMHB Alternatives (YTD)
SMHB is at 18.76% YTD. There are 102 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 738.32% | 162.40M | Feb 2025 | SMHB vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 575.80% | 6.16B | Oct 2024 | SMHB vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 555.59% | 923.53M | Nov 2024 | SMHB vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 395.01% | 101.49M | Nov 2025 | SMHB vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 394.65% | 509.42M | Feb 2025 | SMHB vs INTW |
Lowest Volatility Alternatives to SMHB
SMHB has 37.86% 1-year volatility. There are 74 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.77% | 22.82M | Apr 2021 | SMHB vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | SMHB vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.40% | 13.45M | Jul 2021 | SMHB vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.50% | 20.95M | Jul 2021 | SMHB vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 69.49M | Apr 2021 | SMHB vs XDSQ |
Lowest Drawdown Alternatives to SMHB
SMHB has a 1-year max drawdown of -25.16%. There are 41 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | SMHB vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | SMHB vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | SMHB vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | SMHB vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | SMHB vs XDSQ |
Other ETFs from UBS
The 10 most viewed UBS ETFs shown here include GLDI, SLVO, MLPR and span 9 categories. AUM among these funds goes as high as $411M.
Often Compared With SMHB
Investors most often compare SMHB with SPY, SCHD, QQQ. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare SMHB with Any Fund or Stock
Compare SMHB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMHB with funds that move differently
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMHB.
Explore SMHB Diversifiers