SMHBETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN
The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.
UBS · Since 2018 (7 years)
0.85%
#4125 out of 5,332 ETFs
$19M
#4143 out of 5,332 ETFs
22.90%
7 years
#1878 out of 5,332 ETFs
Performance
1 Year
+19.7%
3 Years
+13.5%
5 Years
-3.2%
What's inside
Risk profile
41.3%
High
-90.3%
Worst peak-to-trough loss
0.43
Below average
0.65
Moderate downside risk
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