SMHB vs. NTSD
SMHB (ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. SMHB is passively managed, while NTSD is actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. SMHB charges 0.85%/yr vs 0.35%/yr for NTSD.
Performance
SMHB vs. NTSD - Performance Comparison
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Returns By Period
SMHB
- 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%
NTSD
- 1D
- 0.16%
- 1M
- 0.13%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $185.69K | $179.97K | $305.82K | |
| $86.68K | $94.24K | $90.73K |
SMHB vs. NTSD - Yearly Performance Comparison
Correlation
The correlation between SMHB and NTSD is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026 | 0.32 |
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Return for Risk
SMHB vs. NTSD — Risk / Return Rank
SMHB
NTSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMHB vs. NTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.
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 | NTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | — | — |
| Martin ratioReturn relative to average drawdown | 1.24 | — | — |
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Drawdowns
SMHB vs. NTSD - Drawdown Comparison
The maximum SMHB drawdown since its inception was -90.30%, which is greater than NTSD's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for SMHB and NTSD.
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Drawdown Indicators
| SMHB | NTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.30% | -5.58% | -84.72% |
Max Drawdown (1Y)Largest decline over 1 year | -25.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -45.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -58.11% | — | — |
Current DrawdownCurrent decline from peak | -37.06% | -0.75% | -36.31% |
Average DrawdownAverage peak-to-trough decline | -37.18% | -1.24% | -35.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | — | — |
Volatility
SMHB vs. NTSD - Volatility Comparison
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Volatility by Period
| SMHB | NTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.73% | 23.15% | +13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.88% | 23.15% | +25.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.80% | 23.15% | +42.65% |
SMHB vs. NTSD - Expense Ratio Comparison
SMHB has a 0.85% expense ratio, which is higher than NTSD's 0.35% expense ratio.
Dividends
SMHB vs. NTSD - Dividend Comparison
SMHB's dividend yield for the trailing twelve months is around 19.83%, more than NTSD's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NTSD WisdomTree Efficient U.S. Plus International Equity Fund | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | 19.83% | 22.22% | 21.95% | 15.27% | 24.18% | 12.22% | 16.86% | 19.97% | 0.91% |
Frequently Asked Questions
SMHB and NTSD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NTSD is cheaper with a 0.35% expense ratio, compared with 0.85% for SMHB.
SMHB has the higher dividend yield at 19.83%, compared with 0.14% for NTSD.
They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.85% for SMHB and 0.35% for NTSD.
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