ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) Total Return Calculator
$10,000 since Nov 2018, with and without reinvesting · data through Oct 2026
Since Nov 2018, $10,000 became $5,971 reinvested (-6.3% a year), or $6,497 taking the dividends as cash, $5,063 of it paid out along the way.
SMHB became
$5,971
S&P 500: $30,902
Return a year
-6.3%
S&P 500: 15.3%
Payouts reinvested
$9,222
bought more shares
Worst drop
-84.3%
S&P 500: -23.9%
$10,000, Nov 2018 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | SMHB total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | +0.9% | $1,074 | +11.7% |
| 2025 | −7.8% | $1,198 | +17.7% |
| 2024 | −15.8% | $1,285 | +24.9% |
| 2023 | +35.9% | $1,051 | +26.2% |
| 2022 | −36.1% | $1,197 | −18.2% |
| 2021 | +68.9% | $997 | +28.7% |
| 2020 | −43.1% | $728 | +18.3% |
| 2019 | +12.9% | $1,625 | +31.2% |
| 2018 (part) | −19.1% | $67 | −8.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: SMHB total return
Data as of · Source: SmarterDividends data
- $10,000 invested in ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) at the end of Nov 2018, with dividends reinvested, was worth $5,971 at the end of Oct 2026: -6.3% a year, against $30,902 (15.3% a year) in the S&P 500.
- Over the 5 years to Oct 2026, SMHB returned -7.2% a year with dividends reinvested (S&P 500: 12.0%).
- Taking SMHB's dividends as cash instead of reinvesting them, the same $10,000 ended at $6,497, including $5,063 of cash received; reinvesting added $0.
- SMHB's best calendar year in that time was 2021 (68.9%) and its worst 2020 (-43.1%), with dividends reinvested.
Cite this page
SmarterDividends, "ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN (SMHB) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/SMHB/total-return
SMHB total return questions
What is SMHB's total return since Nov 2018?
-40% in total, or -6.3% a year, through Oct 2026 with dividends reinvested. The share price alone fell 86%.
What was SMHB's worst year?
2020, at -43.1% with dividends reinvested (S&P 500: 18.3%). Its deepest fall from a peak, on month-end values, was -84.3%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.