SMHB vs. SPY
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) and SPDR S&P 500 ETF (SPY).
SMHB and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SMHB and SPY 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 SPY.
Correlation
The correlation between SMHB and SPY is 0.60, 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.
Performance
SMHB vs. SPY - Performance Comparison
Key characteristics
SMHB:
0.23
SPY:
1.88
SMHB:
0.59
SPY:
2.53
SMHB:
1.07
SPY:
1.35
SMHB:
0.21
SPY:
2.83
SMHB:
0.88
SPY:
11.74
SMHB:
10.10%
SPY:
2.02%
SMHB:
38.79%
SPY:
12.64%
SMHB:
-90.13%
SPY:
-55.19%
SMHB:
-34.11%
SPY:
-0.42%
Returns By Period
In the year-to-date period, SMHB achieves a 8.46% return, which is significantly higher than SPY's 4.15% return.
SMHB
8.46%
4.55%
4.29%
11.24%
-6.37%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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SMHB vs. SPY - Expense Ratio Comparison
SMHB has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SMHB vs. SPY — Risk-Adjusted Performance Rank
SMHB
SPY
SMHB vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.
Dividends
SMHB vs. SPY - Dividend Comparison
SMHB's dividend yield for the trailing twelve months is around 20.46%, more than SPY's 1.16% 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 | 20.46% | 21.98% | 15.28% | 24.19% | 12.22% | 16.86% | 22.16% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SMHB vs. SPY - Drawdown Comparison
The maximum SMHB drawdown since its inception was -90.13%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMHB and SPY. For additional features, visit the drawdowns tool.
Volatility
SMHB vs. SPY - Volatility Comparison
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) has a higher volatility of 9.17% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that SMHB's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.