SDIV vs. SMHB
SDIV (Global X SuperDividend ETF) and SMHB (ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B) are both exchange-traded funds - SDIV is a Global Equities fund tracking the Solactive Global SuperDividend Index, while SMHB is a Leveraged Equities fund tracking the Solactive US Small Cap High Dividend Index (200%). Both are passively managed. Over the past 5 years, SDIV returned -0.84%/yr vs -6.36%/yr for SMHB. A 0.69 correlation means they provide meaningful diversification when combined. SDIV charges 0.58%/yr vs 0.85%/yr for SMHB.
Performance
SDIV vs. SMHB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SDIV having a 5.97% return and SMHB slightly lower at 5.72%.
SDIV
- 1D
- -2.00%
- 1M
- -3.86%
- YTD
- 5.97%
- 6M
- 6.19%
- 1Y
- 25.09%
- 3Y*
- 15.75%
- 5Y*
- -0.84%
- 10Y*
- -0.07%
SMHB
- 1D
- -1.45%
- 1M
- -1.99%
- YTD
- 5.72%
- 6M
- 0.84%
- 1Y
- 11.36%
- 3Y*
- 9.31%
- 5Y*
- -6.36%
- 10Y*
- —
SDIV vs. SMHB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDIV Global X SuperDividend ETF | 5.97% | 29.12% | 1.77% | 5.46% | -26.43% | 3.76% | -20.89% | 13.04% | -9.11% |
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | 5.72% | -7.75% | -15.85% | 35.96% | -36.03% | 68.86% | -43.21% | 13.05% | -24.78% |
Correlation
The correlation between SDIV and SMHB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.69 |
The correlation between SDIV and SMHB shifts across timeframes, from 0.59 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDIV vs. SMHB — Risk / Return Rank
SDIV
SMHB
SDIV vs. SMHB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend ETF (SDIV) 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.
| SDIV | SMHB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 0.45 | +2.98 |
| Martin ratioReturn relative to average drawdown | 12.41 | 1.10 | +11.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDIV | SMHB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 0.29 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.13 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.10 | +0.16 |
Drawdowns
SDIV vs. SMHB - Drawdown Comparison
The maximum SDIV drawdown since its inception was -56.90%, smaller than the maximum SMHB drawdown of -90.30%. Use the drawdown chart below to compare losses from any high point for SDIV and SMHB.
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Drawdown Indicators
| SDIV | SMHB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -90.30% | +33.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -25.16% | +17.81% |
Max Drawdown (3Y)Largest decline over 3 years | -18.64% | -45.05% | +26.41% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | -58.85% | +16.91% |
Max Drawdown (10Y)Largest decline over 10 years | -56.90% | — | — |
Current DrawdownCurrent decline from peak | -17.77% | -41.81% | +24.04% |
Average DrawdownAverage peak-to-trough decline | -18.59% | -37.21% | +18.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 10.38% | -8.35% |
Volatility
SDIV vs. SMHB - Volatility Comparison
The current volatility for Global X SuperDividend ETF (SDIV) is 4.21%, while ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) has a volatility of 7.35%. This indicates that SDIV 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.
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Volatility by Period
| SDIV | SMHB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 7.35% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 25.74% | -16.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 38.92% | -26.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 48.93% | -32.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 66.33% | -47.36% |
SDIV vs. SMHB - Expense Ratio Comparison
SDIV has a 0.58% expense ratio, which is lower than SMHB's 0.85% expense ratio.
Dividends
SDIV vs. SMHB - Dividend Comparison
SDIV's dividend yield for the trailing twelve months is around 10.02%, less than SMHB's 21.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDIV Global X SuperDividend ETF | 10.02% | 9.59% | 11.33% | 11.73% | 14.17% | 8.95% | 7.96% | 8.73% | 9.22% | 6.66% | 6.95% | 7.33% |
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | 21.00% | 22.22% | 21.95% | 15.27% | 24.18% | 12.22% | 16.86% | 19.97% | 0.91% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDIV and SMHB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMHB has higher volatility (7.35%) compared to SDIV (4.21%). In terms of maximum drawdown, SDIV dropped -56.90% vs SMHB's -90.30%.
On 5-year performance, SDIV leads with -0.84% vs -6.36% for SMHB. On fees, SDIV is cheaper at 0.58% per year. On volatility, SDIV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SDIV has performed better with a -0.84% return vs -6.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDIV is cheaper with a 0.58% expense ratio, compared with 0.85% for SMHB.
SMHB has the higher dividend yield at 21.00%, compared with 10.02% for SDIV.
SDIV is categorized as Global Equities, while SMHB is Leveraged Equities. SDIV tracks Solactive Global SuperDividend Index, while SMHB tracks Solactive US Small Cap High Dividend Index (200%). They also come from different issuers: Global X and UBS. Their fees differ too: 0.58% for SDIV and 0.85% for SMHB.
SDIV currently has the higher Sharpe Ratio (2.02 vs 0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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