SMHB vs. OOQB
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB).
SMHB and OOQB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. OOQB is an actively managed fund by Volatility Shares. It was launched on Feb 18, 2025.
Performance
SMHB vs. OOQB - Performance Comparison
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SMHB vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | -2.38% | -14.15% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -28.69% | -13.30% |
Returns By Period
In the year-to-date period, SMHB achieves a -2.38% return, which is significantly higher than OOQB's -28.69% return.
SMHB
- 1D
- 2.54%
- 1M
- -7.17%
- YTD
- -2.38%
- 6M
- -10.57%
- 1Y
- -6.07%
- 3Y*
- 4.53%
- 5Y*
- -5.55%
- 10Y*
- —
OOQB
- 1D
- 5.72%
- 1M
- -2.59%
- YTD
- -28.69%
- 6M
- -45.98%
- 1Y
- -14.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SMHB vs. OOQB - Expense Ratio Comparison
SMHB has a 0.85% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Return for Risk
SMHB vs. OOQB — Risk / Return Rank
SMHB
OOQB
SMHB vs. OOQB - 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 Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.
| SMHB | OOQB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | -0.25 | +0.12 |
Sortino ratioReturn per unit of downside risk | 0.18 | 0.04 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.30 | +0.07 |
Martin ratioReturn relative to average drawdown | -0.61 | -0.66 | +0.06 |
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
| SMHB | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | -0.25 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.57 | +0.45 |
Correlation
The correlation between SMHB and OOQB is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMHB vs. OOQB - Dividend Comparison
SMHB's dividend yield for the trailing twelve months is around 22.87%, more than OOQB's 13.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 13.89% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMHB vs. OOQB - Drawdown Comparison
The maximum SMHB drawdown since its inception was -90.30%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for SMHB and OOQB.
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Drawdown Indicators
| SMHB | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.30% | -53.44% | -36.86% |
Max Drawdown (1Y)Largest decline over 1 year | -29.54% | -53.44% | +23.90% |
Max Drawdown (5Y)Largest decline over 5 years | -58.85% | — | — |
Current DrawdownCurrent decline from peak | -46.27% | -50.78% | +4.51% |
Average DrawdownAverage peak-to-trough decline | -37.10% | -19.94% | -17.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.19% | 23.98% | -12.79% |
Volatility
SMHB vs. OOQB - Volatility Comparison
The current volatility for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) is 14.24%, while Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) has a volatility of 18.69%. This indicates that SMHB experiences smaller price fluctuations and is considered to be less risky than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMHB | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.24% | 18.69% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 29.84% | 46.05% | -16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.14% | 59.59% | -9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.02% | 61.96% | -12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.99% | 61.96% | +5.03% |