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SMHB correlations (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN)

SMHB measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
39.3%
3y weekly
Beta vs S&P 500
1.42
3y weekly
1-year return
+7.4%
price, adjusted
5-year return
-13.5%
price, adjusted
Max drawdown
-45.0%
3y, daily closes
-22%0%+6%2025-09-052026-08-27
SMHB over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with SMHB

AssetCorrelation (3Y)
STWDSTARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc.0.77
VNQVanguard Real Estate ETF0.75
RSPInvesco S&P 500 Equal Weight ETF0.75
BXPBXP, Inc.0.75
PDMPiedmont Realty Trust, Inc.0.74

Best diversifiers for SMHB

If the goal is offsetting SMHB, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.55
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.51
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.24

SMHB vs benchmarks

Get SMHB data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/smhb.json

Correlations, diversifiers, beta and volatility for SMHB, plus one endpoint per pair. API documentation.