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

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

SMHB aims to return +2 times Small Cap High Dividend's move each day, then resets. Over one day it does that.

## Key facts

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

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of Small Cap High Dividend, reset daily | ETFIQ |
| Underlying | Small Cap High Dividend (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 | 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, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/smhb
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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