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ETFs

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due October 21, 2049

HDLB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 24 2019
Expense Ratio
0.85%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$15,947
AUM
$10,330,000
Associated Index
Solactive US High Dividend Low Volatility Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with HDLB

What is HDLB?

The ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSE: HDLB) ( HDLB or the ETN ) is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of the Solactive US High Dividend Low Volatility Index. The Index is calculated and distributed by Solactive AG and is intended to track the price movements of stocks which are publicly traded on US stock exchanges and fulfill certain minimum requirements in terms of liquidity and market capitalization. From this universe, the stocks with high Forward Looking Distribution Yield and low 12-Month Trailing Realized Volatility are selected (each of the preceding capitalized terms as defined in the applicable pricing supplement).

ETFs related toHDLB

ETFs correlated to HDLB include SPHD, SPYD, DVY

HDLB
UBS AG London Branch - ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN
SPHD
Invesco Capital Management LLC - Invesco S&P 500 High Dividend Low Volatility ETF
SPYD
SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF
DVY
BlackRock Institutional Trust Company N.A. - iShares Select Dividend ETF
CDL
Victory Portfolios II - VictoryShares US Large Cap High Div Volatility Wtd ETF
SDOG
ALPS Advisors Inc - ALPS Sector Dividend Dogs ETF
DIV
Global X Funds - Global X SuperDividend U.S. ETF
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
SDY
SPDR Series Trust - SPDR Dividend ETF
FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund
LVHD
Legg Mason ETF Investment Trust - Franklin U.S. Low Volatility High Dividend Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHDLB

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HDLB using Composer

FAQ

HDLB is a US Equities ETF. The ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSE: HDLB) ( HDLB or the ETN ) is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of the Solactive US High Dividend Low Volatility Index. The Index is calculated and distributed by Solactive AG and is intended to track the price movements of stocks which are publicly traded on US stock exchanges and fulfill certain minimum requirements in terms of liquidity and market capitalization. From this universe, the stocks with high Forward Looking Distribution Yield and low 12-Month Trailing Realized Volatility are selected (each of the preceding capitalized terms as defined in the applicable pricing supplement).

HDLB tracks the Solactive US High Dividend Low Volatility Index.

HDLB dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, HDLB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HDLB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HDLB is -0.0246%. This is the percent change in the value of HDLB over the most recent 1-month period. The 3-month return on HDLB is -0.0378%. This is the percent change in the value of HDLB over the most recent 3-month period.

The standard deviation of HDLB for the past year is 0.3599%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HDLB include SSO, QID, and SDS.

ETFs correlated to HDLB include SPHD, SPYD, and DVY.

ETFs that are inversely correlated to HDLB include DXD, DOG, and SDOW.

Yes, HDLB is a Leveraged (2x) ETF: This means that HDLB will try to match the performance of Solactive US High Dividend Low Volatility Index, but with 2x the returns.

Yes, HDLB is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive US High Dividend Low Volatility Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.