# ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB)

> Source: Nexqual · https://nexqual.com/SMHB · data as of 2026-10-23 19:25 UTC · cite as "Nexqual, ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB), nexqual.com/SMHB" · informational, not investment advice.

**Price:** USD 3.35 (+3.39% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 3.24 · day 3.24–3.36 · 52w 3.01–4.54 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -11.8% vs S&P 500 +14.0%; 5Y -30.6% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -11.8% | -30.6% |
| S&P 500 (SPY) | +14.0% | +76.9% |
| Per year | -11.9% | -7.0% |
| Volatility (annualized) | 37.0% | 45.2% |
| Max drawdown | -27.0% (Aug 2026→Oct 2026) | -56.9% (Jan 2022→May 2023) |

## Peers
HDLB (ETRACS Monthly Pay 2xLeveraged ) USD 16 -2.92% · PFFL (ETRACS 2xMonthly Pay Leveraged ) USD 6.42 +0.02% · MVRL (ETRACS Monthly Pay 1.5X Leverag) USD 9.08 +0.99% · CEFD (ETRACS Monthly Pay 1.5X Leverag) USD 17 -0.61% · USOI (ETRACS Crude Oil Shares Covered) USD 44.65 +0.93%

## More
Full page: https://nexqual.com/SMHB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SMHB's own 20-F filed 2026-03-09 (https://www.sec.gov/Archives/edgar/data/1114446/000161052026000026/ubs-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | CREDIT SUISSE AG (GLDI) | "UBS AG entered into a definitive merger agreement with Credit Suisse AG on 7" |
| Partner | Switzerland | "We consider a strong partner network as essential for UBS's success in Switzerland, enabling us to serve both corporate" |