# HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044)

ETRACS · Leveraged ETFs · data as of Oct 9, 2026

HDLB aims to return +2 times US High Dividend Low Volatility's move each day, then resets. Over one day it does that.

## Key facts

- HDLB, net assets: an exchange traded note holds no assets; it is the issuing bank’s unsecured debt, as of Oct 9, 2026.
- HDLB, underlying: US High Dividend Low Volatility (no investable tracker), as of Oct 9, 2026.
- HDLB, sets out to return: +2 times the daily move of US High Dividend Low Volatility, reset daily, as of Oct 9, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of US High Dividend Low Volatility, reset daily | ETFIQ |
| Underlying | US High Dividend Low Volatility (no investable tracker) | ETFIQ |
| Segment | broad index, index variant | ETFIQ |
| Net assets | an exchange traded note holds no assets; it is the issuing bank’s unsecured debt | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| First traded | Oct 25, 2019 | ETFIQ |

## Questions

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

Because it resets daily. HDLB 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, HDLB, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/hdlb
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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