SMHB vs. QYLD
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) and Global X NASDAQ 100 Covered Call ETF (QYLD).
SMHB and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both SMHB and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMHB or QYLD.
Correlation
The correlation between SMHB and QYLD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMHB vs. QYLD - Performance Comparison
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Key characteristics
SMHB:
-0.34
QYLD:
-0.21
SMHB:
-0.23
QYLD:
-0.18
SMHB:
0.97
QYLD:
0.97
SMHB:
-0.30
QYLD:
-0.10
SMHB:
-1.13
QYLD:
-0.73
SMHB:
15.36%
QYLD:
5.56%
SMHB:
47.53%
QYLD:
19.32%
SMHB:
-90.13%
QYLD:
-40.69%
SMHB:
-43.34%
QYLD:
-34.76%
Returns By Period
In the year-to-date period, SMHB achieves a -7.31% return, which is significantly higher than QYLD's -8.76% return.
SMHB
-7.31%
18.64%
-13.16%
-16.03%
-5.99%
20.00%
N/A
QYLD
-8.76%
1.87%
-5.90%
-3.97%
-1.53%
-3.81%
-3.25%
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SMHB vs. QYLD - Expense Ratio Comparison
SMHB has a 0.85% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
SMHB vs. QYLD — Risk-Adjusted Performance Rank
SMHB
QYLD
SMHB vs. QYLD - Risk-Adjusted Performance 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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.
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Dividends
SMHB vs. QYLD - Dividend Comparison
SMHB's dividend yield for the trailing twelve months is around 24.49%, more than QYLD's 13.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMHB ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B | 24.49% | 22.68% | 15.27% | 24.18% | 12.22% | 16.86% | 22.16% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.82% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
SMHB vs. QYLD - Drawdown Comparison
The maximum SMHB drawdown since its inception was -90.13%, which is greater than QYLD's maximum drawdown of -40.69%. Use the drawdown chart below to compare losses from any high point for SMHB and QYLD. For additional features, visit the drawdowns tool.
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Volatility
SMHB vs. QYLD - Volatility Comparison
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) has a higher volatility of 13.73% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.35%. This indicates that SMHB's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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