CEFD vs. SMHB
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB).
CEFD and SMHB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. SMHB is a passively managed fund by UBS that tracks the performance of the Solactive US Small Cap High Dividend Index (200%). It was launched on Nov 8, 2018. Both CEFD and SMHB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CEFD vs. SMHB - Performance Comparison
Loading graphics...
CEFD vs. SMHB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | -5.27% | 14.15% | 20.06% | 8.36% | -28.93% | 22.09% | 21.81% |
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | -2.38% | -7.75% | -15.85% | 35.96% | -36.03% | 68.86% | 59.32% |
Returns By Period
In the year-to-date period, CEFD achieves a -5.27% return, which is significantly lower than SMHB's -2.38% return.
CEFD
- 1D
- 4.24%
- 1M
- -8.24%
- YTD
- -5.27%
- 6M
- -4.15%
- 1Y
- 8.28%
- 3Y*
- 11.04%
- 5Y*
- 2.39%
- 10Y*
- —
SMHB
- 1D
- 2.54%
- 1M
- -7.17%
- YTD
- -2.38%
- 6M
- -10.57%
- 1Y
- -6.07%
- 3Y*
- 4.53%
- 5Y*
- -5.55%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CEFD vs. SMHB - Expense Ratio Comparison
CEFD has a 0.95% expense ratio, which is higher than SMHB's 0.85% expense ratio.
Return for Risk
CEFD vs. SMHB — Risk / Return Rank
CEFD
SMHB
CEFD vs. SMHB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CEFD | SMHB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | -0.12 | +0.52 |
Sortino ratioReturn per unit of downside risk | 0.68 | 0.18 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.23 | +0.74 |
Martin ratioReturn relative to average drawdown | 2.32 | -0.61 | +2.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CEFD | SMHB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.12 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.11 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.12 | +0.53 |
Correlation
The correlation between CEFD and SMHB is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CEFD vs. SMHB - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 16.09%, less than SMHB's 22.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 16.09% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% | 0.00% | 0.00% |
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | 22.87% | 22.22% | 21.95% | 15.27% | 24.18% | 12.22% | 16.86% | 19.97% | 0.91% |
Drawdowns
CEFD vs. SMHB - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum SMHB drawdown of -90.30%. Use the drawdown chart below to compare losses from any high point for CEFD and SMHB.
Loading graphics...
Drawdown Indicators
| CEFD | SMHB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -90.30% | +53.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -29.54% | +13.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -58.85% | +21.90% |
Current DrawdownCurrent decline from peak | -8.80% | -46.27% | +37.47% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -37.10% | +25.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 11.19% | -7.63% |
Volatility
CEFD vs. SMHB - Volatility Comparison
The current volatility for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) is 8.66%, while ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) has a volatility of 14.24%. This indicates that CEFD experiences smaller price fluctuations and is considered to be less risky than SMHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CEFD | SMHB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 14.24% | -5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 29.84% | -19.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 50.14% | -29.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 49.02% | -31.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 66.99% | -49.59% |