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ETFs

ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B

SMHB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2018
Expense Ratio
0.85%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$213,440
AUM
$34,713,000
Associated Index
Solactive US Small Cap High Dividend Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with SMHB

What is SMHB?

The ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSE: SMHB) ( SMHB or the ETN ) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of Solactive US Small Cap High Dividend Index, less investor fees. The Solactive US Small Cap High Dividend Index 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 market capitalization. From this universe, the stocks with high Forward Looking Distribution Yield.

ETFs related toSMHB

ETFs correlated to SMHB include KBWD, VTWV, IWN

SMHB
UBS AG London Branch - UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Div ETN
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
VTWV
Vanguard Group, Inc. - Vanguard Russell 2000 Value Index ETF
IWN
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
RDIV
Invesco Exchange-Traded Fund Trust II - Invesco S&P Ultra Dividend Revenue ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend Fund
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
DIV
Global X Funds - Global X SuperDividend U.S. 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 toSMHB

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SMHB using Composer

FAQ

SMHB is a US Equities ETF. The ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSE: SMHB) ( SMHB or the ETN ) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of Solactive US Small Cap High Dividend Index, less investor fees. The Solactive US Small Cap High Dividend Index 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 market capitalization. From this universe, the stocks with high Forward Looking Distribution Yield.

SMHB tracks the Solactive US Small Cap High Dividend Index.

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

No, SMHB 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, SMHB 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 SMHB is -0.0404%. This is the percent change in the value of SMHB over the most recent 1-month period. The 3-month return on SMHB is 0.1368%. This is the percent change in the value of SMHB over the most recent 3-month period.

The standard deviation of SMHB for the past year is 0.5948%. 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 SMHB include SSO, QID, and SDS.

ETFs correlated to SMHB include KBWD, VTWV, and IWN.

ETFs that are inversely correlated to SMHB include RWM, TZA, and SRTY.

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

Yes, SMHB is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive US Small Cap High Dividend 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.