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SMHBETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN

Take a bet7y track recordRanked #364 of 949 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%

#4,514 of 5,861 · expensive

Fund Size

$21M

#4,418 of 5,861 · small

Return (1Y)Goal

+11.3%

Track Record

7 years

#1,810 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,276+12.8%

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

What's inside

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)
36.7%High

Year-on-year price swings

Max drawdown
-89.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.16Below average
Sortino (3Y)
0.23Moderate downside risk

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

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-04