HDLB vs SMHB
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B vs ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B
Which is better, HDLB or SMHB?
HDLB has been ahead.
HDLB has a lower expense ratio. HDLB led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HDLB | SMHB |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.85% |
| AUM | $6M | $22M |
| Dividend Yield | 9.97% | 19.44% |
| YTD Return | +9.10%Best | -11.44% |
| 1Y Return | +9.78%Best | -16.12% |
| 3Y Return (annualized) | +29.62%Best | -3.71% |
| 5Y Return (annualized) | +12.40%Best | -10.44% |
| Volatility (annualized) | 40.5%Best | 56.5% |
| Max Drawdown | -79.0%Best | -89.7% |
| $10,000 over 5 years | $17,940Best | $5,762 |
| Fund Family | UBS AG | UBS AG |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Oct 25, 2019 | Nov 8, 2018 |
Not shown on this pair: Holdings, Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 25, 2019 to Oct 14, 2026 (7 years).
HDLB vs SMHB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
HDLB vs SMHB Performance
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is an ETF from UBS AG and ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (SMHB) is an ETF from UBS AG. Over the past year HDLB returned +9.78% while SMHB returned -16.12%. Year to date, HDLB is up 9.10% versus a loss of 11.44% for SMHB.
Over three years, HDLB compounded at +29.62% per year against -3.71% for SMHB; over five years the annualized figures are +12.40% and -10.44% respectively. Across the full 7-year window we track, HDLB has the edge at +1.89% annualized vs -10.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMHB has been the more volatile fund, with annualized monthly volatility of 56.5% compared with 40.5% for HDLB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.0% for HDLB and -89.7% for SMHB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HDLB charges 0.00% per year while SMHB charges 0.85%. On a $10,000 position that is $0 vs $85 annually, a gap of $85 per year that compounds over a long holding period. On income, HDLB currently yields 9.97% against 19.44% for SMHB.
You are not choosing between two funds in isolation.
Whichever of HDLB and SMHB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HDLB or SMHB?
HDLB has an expense ratio of 0.00% while SMHB charges 0.85%. HDLB is the cheaper option, by $85 a year on a $10,000 investment.
Which performed better, HDLB or SMHB?
Over the past year HDLB returned +9.78% vs -16.12% for SMHB, so HDLB leads on 1-year performance. Over the longest common window we track (7 years), HDLB annualized +1.89% vs -10.63% for SMHB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDLB or SMHB?
SMHB has been the more volatile fund at 56.5% annualized versus 40.5% for HDLB. Worst drawdown: HDLB -79.0% vs SMHB -89.7%.
Should I hold both HDLB and SMHB?
HDLB and SMHB have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HDLB or SMHB?
HDLB yields 9.97% while SMHB yields 19.44%, so SMHB currently pays the higher dividend yield.
Is SMHB better than HDLB?
HDLB has a lower expense ratio. HDLB led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.