SMHB ETN — ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN

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

Updated October 2, 2026.

SMHB is an ETN. its distribution rate is 17.30%, its trailing-12-month yield is 23.74%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 13/100 (High risk). Total return is -46.0% over the past 7.9 years, 258.3 points behind SPY at 212.3%.

At the current 17.30% distribution rate, a $10,000 investment would generate approximately $1,730 per year, or $144.17 per month.

SMHB performance versus SPY

Price and return data through 2026-10-02.

Total return is -46.0% over the past 7.9 years, 258.3 points behind SPY at 212.3%. Over the past year its total return — price change plus distributions reinvested — is -14.2%. Its deepest 1-year drawdown was 23.6%.

SMHB key facts

Distribution Safety Score™

13 · High risk

Safety-Adjusted Yield

2.25%

Issuer

UBS Asset Management

Asset type

ETN

Asset class

Equity

Inception date

11/08/2018

Expense ratio

0.85%

Distribution rate

17.30%

Distribution frequency

Monthly

Trailing yield

23.74%

Last close

$3.24 (as of 2026-10-02)

AUM

$17,771,520

Average volume

57600.0

Last dividend

$0.0467

Last ex-dividend date

09/14/2026

Last payment date

09/22/2026

Beta

1.67

How Dividend Vision calculates yield and returns

Distribution rate (17.30%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (23.74%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: UBS Asset Management; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SMHB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 23.6%.

Who may consider SMHB — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from UBS Asset Management.