HIPS vs. SMHB ETF Comparison
Comparison of Master Income ETF (HIPS) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
Grade (RS Rating)
Last Trade
$12.89
Average Daily Volume
38,104
35
SMHB
ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B
SMHB Description
The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.Grade (RS Rating)
Last Trade
$6.17
Average Daily Volume
40,512
91
Performance
| Period | HIPS | SMHB |
|---|---|---|
| 30 Days | 0.06% | 5.64% |
| 60 Days | 2.55% | 3.72% |
| 90 Days | 2.23% | 13.97% |
| 12 Months | 20.18% | 37.51% |
11 Overlapping Holdings
| Symbol | Grade | Weight in HIPS | Weight in SMHB | Overlap | |
|---|---|---|---|---|---|
| ALX | C | 2.81% | 0.45% | 0.45% | |
| EPR | C | 2.5% | 2.34% | 2.34% | |
| FDUS | C | 2.5% | 0.16% | 0.16% | |
| GBDC | B | 2.48% | 0.73% | 0.73% | |
| GNL | D | 2.15% | 1.01% | 1.01% | |
| GSBD | D | 2.48% | 0.94% | 0.94% | |
| GTY | C | 2.72% | 0.44% | 0.44% | |
| LTC | D | 2.84% | 0.91% | 0.91% | |
| NMFC | F | 2.36% | 0.38% | 0.38% | |
| SBRA | C | 3.21% | 2.38% | 2.38% | |
| SLRC | D | 2.49% | 0.23% | 0.23% |
HIPS Overweight 24 Positions Relative to SMHB
| Symbol | Grade | Weight | |
|---|---|---|---|
| WES | D | 3.39% | |
| OHI | C | 3.28% | |
| MPLX | A | 3.08% | |
| PAA | D | 2.99% | |
| ET | C | 2.95% | |
| BGX | D | 2.83% | |
| NNN | A | 2.8% | |
| EPD | A | 2.79% | |
| BXSL | C | 2.76% | |
| JQC | C | 2.75% | |
| JFR | A | 2.69% | |
| NBB | C | 2.65% | |
| BLW | A | 2.65% | |
| ARCC | A | 2.63% | |
| FCT | A | 2.62% | |
| GLPI | A | 2.59% | |
| EFT | D | 2.56% | |
| DSU | A | 2.56% | |
| FSK | A | 2.48% | |
| PK | D | 2.43% | |
| USAC | D | 2.4% | |
| BSM | B | 2.38% | |
| DMLP | B | 2.37% | |
| CQP | F | 2.37% |
HIPS Underweight 80 Positions Relative to SMHB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLG | C | -4.87% | |
| XRX | D | -4.09% | |
| DTM | A | -3.81% | |
| BXMT | C | -3.43% | |
| DSS | F | -2.87% | |
| TWO | D | -2.87% | |
| CIM | C | -2.62% | |
| ETRN | D | -2.49% | |
| BDN | A | -2.41% | |
| BGS | D | -2.41% | |
| ABR | C | -2.21% | |
| APAM | C | -2.02% | |
| PAGP | D | -1.88% | |
| UNIT | B | -1.86% | |
| UWMC | D | -1.84% | |
| ARR | D | -1.65% | |
| NHI | C | -1.64% | |
| ORC | C | -1.51% | |
| CCOI | B | -1.51% | |
| PSEC | C | -1.47% | |
| IVR | C | -1.43% | |
| DEA | D | -1.35% | |
| PMT | C | -1.35% | |
| MFA | C | -1.27% | |
| RWT | C | -1.24% | |
| CTRE | B | -1.16% | |
| PETS | D | -1.13% | |
| MAIN | B | -1.09% | |
| HTGC | C | -1.03% | |
| ARI | F | -1.02% | |
| FCPT | C | -1.0% | |
| EFC | D | -1.0% | |
| PDM | C | -0.99% | |
| NEWT | D | -0.94% | |
| NYMT | D | -0.93% | |
| DX | C | -0.89% | |
| KREF | C | -0.8% | |
| VGR | B | -0.79% | |
| NWBI | D | -0.77% | |
| CODI | D | -0.72% | |
| VNOM | B | -0.65% | |
| SCS | D | -0.65% | |
| RC | F | -0.65% | |
| ACRE | D | -0.64% | |
| LADR | D | -0.62% | |
| TSLX | D | -0.62% | |
| HESM | D | -0.59% | |
| UVV | D | -0.54% | |
| OCSL | D | -0.54% | |
| AROC | B | -0.53% | |
| GMRE | C | -0.5% | |
| ILPT | D | -0.49% | |
| BRSP | D | -0.49% | |
| WSR | C | -0.46% | |
| OPI | F | -0.4% | |
| RMR | B | -0.38% | |
| UHT | C | -0.36% | |
| GPMT | D | -0.34% | |
| CSWC | C | -0.34% | |
| GOOD | A | -0.33% | |
| FSP | D | -0.29% | |
| TRTX | D | -0.29% | |
| TCPC | F | -0.27% | |
| AHH | F | -0.27% | |
| CGBD | B | -0.25% | |
| BCSF | B | -0.24% | |
| TPVG | F | -0.23% | |
| PFLT | A | -0.23% | |
| UVE | C | -0.22% | |
| BBDC | D | -0.22% | |
| KRO | B | -0.2% | |
| EBF | C | -0.18% | |
| GAIN | B | -0.17% | |
| PNNT | B | -0.16% | |
| OLP | C | -0.16% | |
| GLAD | A | -0.15% | |
| BFS | A | -0.14% | |
| TRIN | C | -0.12% | |
| CCAP | C | -0.1% | |
| REPX | C | -0.07% |
HIPS: Top Represented Industries & Keywords
SMHB: Top Represented Industries & Keywords
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