HDLBETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN
Seeks to provide monthly payments at a rate of 2x the performance of the underlying high dividend low volatility index.
UBS · Since 2019 (6 years)
0.00%
#5332 out of 5,332 ETFs
$6M
#4791 out of 5,332 ETFs
10.78%
6 years
#2023 out of 5,332 ETFs
Performance
1 Year
+26.9%
3 Years
+27.1%
5 Years
+14.2%
What's inside
Risk profile
27.4%
High
-78.7%
Worst peak-to-trough loss
0.82
Decent risk-adjusted returns
1.17
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05