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.
By UBS · Launched 2019
0.00%
#5,562 of 5,562 · expensive
$5M
#5,057 of 5,562 · small
+17.3%
6 years
#1,987 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Factor
Dividend
Index tracked
Solactive US High Dividend Low Volatility Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide monthly payments at a rate of 2x the performance of the underlying high dividend low volatility index.
- Strategy
- Invests primarily in a portfolio of U.S. high dividend low volatility stocks, aiming for 2x leveraged exposure. The fund pays monthly contingent coupons based on the performance of the underlying assets.
- Inception date
- October 25, 2019
- Fund family
- UBS
Similar ETFs
Closest matches by profileOur 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
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Data updated on 2026-06-20