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SMHBETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN

Take a bet7y track recordRanked #357 of 775 in this goal

Provides 2x leveraged monthly-compounded exposure to the Solactive US Small Cap High Dividend Index, less Accrued Fees.

By UBS · Launched 2018

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$20M

#4,344 of 5,562 · small

Return (1Y)Goal

+7.4%

Track Record

7 years

#1,845 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,719+7.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

Solactive US Small Cap High Dividend Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
38.4%High

Year-on-year price swings

Max drawdown
-90.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.29Below average
Sortino (3Y)
0.43Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Provides 2x leveraged monthly-compounded exposure to the Solactive US Small Cap High Dividend Index, less Accrued Fees.
Strategy
Provides 2x leveraged long exposure to the compounded monthly performance of the Solactive US Small Cap High Dividend Index — U.S.-listed small-cap high-dividend equities. Resets on a Monthly Reset Date (not daily-reset) and pays a variable monthly coupon linked to leveraged cash distributions from index constituents, less an Accrued Tracking Fee and Financing Charges.
Inception date
November 8, 2018
Fund family
UBS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

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