# SMHB (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B)

ETRACS · Leveraged ETFs · data as of Sep 11, 2026

SMHB aims to return +2 times ETRACS Monthly Pay Small Cap High Dividend B's move each day, then resets.

## Key facts

- SMHB, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- SMHB, underlying: ETRACS Monthly Pay Small Cap High Dividend B (no investable tracker), as of Sep 11, 2026.
- SMHB, sets out to return: +2 times the daily move of ETRACS Monthly Pay Small Cap High Dividend B, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ETRACS Monthly Pay Small Cap High Dividend B, reset daily | ETFIQ |
| Underlying | ETRACS Monthly Pay Small Cap High Dividend B (no investable tracker) | ETFIQ |
| Segment | broad index, index variant | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Nov 14, 2018 | ETFIQ |

## Questions

### Why does SMHB not return +2 times over a year?

Because it resets daily. SMHB aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, SMHB, data as of Sep 11, 2026. https://etfiq.com/funds/SMHB
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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