LBO vs. SMHB ETF Comparison
Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)
LBO
WHITEWOLF Publicly Listed Private Equity ETF
LBO Description
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines "listed private equity companies" as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, "Listed Private Equity Companies") that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$34.21
Average Daily Volume
1,354
Number of Holdings
*
35
* may have additional holdings in another (foreign) market
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
$5.70
Average Daily Volume
40,001
Number of Holdings
*
90
* may have additional holdings in another (foreign) market
Performance
| Period | LBO | SMHB |
|---|---|---|
| 30 Days | 4.04% | -9.80% |
| 60 Days | 10.46% | -10.51% |
| 90 Days | 17.24% | -1.80% |
| 12 Months | 14.54% |
18 Overlapping Holdings
| Symbol | Grade | Weight in LBO | Weight in SMHB | Overlap | |
|---|---|---|---|---|---|
| BBDC | A | 1.83% | 0.22% | 0.22% | |
| BCSF | C | 1.67% | 0.24% | 0.24% | |
| CGBD | C | 0.82% | 0.25% | 0.25% | |
| CODI | B | 1.09% | 0.72% | 0.72% | |
| CSWC | D | 2.31% | 0.34% | 0.34% | |
| FDUS | A | 0.16% | 0.16% | 0.16% | |
| GAIN | B | 0.14% | 0.17% | 0.14% | |
| GBDC | D | 3.07% | 0.73% | 0.73% | |
| GSBD | F | 2.08% | 0.94% | 0.94% | |
| HTGC | D | 4.76% | 1.03% | 1.03% | |
| NMFC | D | 1.33% | 0.38% | 0.38% | |
| PFLT | D | 1.14% | 0.23% | 0.23% | |
| PNNT | C | 0.2% | 0.16% | 0.16% | |
| PSEC | D | 2.42% | 1.47% | 1.47% | |
| TCPC | C | 1.07% | 0.27% | 0.27% | |
| TPVG | B | 0.14% | 0.23% | 0.14% | |
| TRIN | A | 1.43% | 0.12% | 0.12% | |
| TSLX | C | 0.44% | 0.62% | 0.44% |
LBO Underweight 72 Positions Relative to SMHB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLG | B | -4.87% | |
| XRX | F | -4.09% | |
| DTM | A | -3.81% | |
| BXMT | C | -3.43% | |
| DSS | F | -2.87% | |
| TWO | F | -2.87% | |
| CIM | D | -2.62% | |
| BDN | C | -2.41% | |
| BGS | F | -2.41% | |
| SBRA | C | -2.38% | |
| EPR | C | -2.34% | |
| ABR | C | -2.21% | |
| APAM | B | -2.02% | |
| PAGP | A | -1.88% | |
| UNIT | B | -1.86% | |
| UWMC | D | -1.84% | |
| ARR | D | -1.65% | |
| NHI | D | -1.64% | |
| ORC | B | -1.51% | |
| CCOI | B | -1.51% | |
| IVR | F | -1.43% | |
| DEA | D | -1.35% | |
| PMT | C | -1.35% | |
| MFA | D | -1.27% | |
| RWT | D | -1.24% | |
| CTRE | C | -1.16% | |
| PETS | C | -1.13% | |
| MAIN | A | -1.09% | |
| ARI | C | -1.02% | |
| GNL | F | -1.01% | |
| FCPT | C | -1.0% | |
| EFC | C | -1.0% | |
| PDM | D | -0.99% | |
| NEWT | C | -0.94% | |
| NYMT | C | -0.93% | |
| LTC | B | -0.91% | |
| DX | B | -0.89% | |
| KREF | C | -0.8% | |
| VGR | B | -0.79% | |
| NWBI | B | -0.77% | |
| VNOM | A | -0.65% | |
| SCS | C | -0.65% | |
| RC | D | -0.65% | |
| ACRE | B | -0.64% | |
| LADR | B | -0.62% | |
| HESM | B | -0.59% | |
| UVV | B | -0.54% | |
| OCSL | F | -0.54% | |
| AROC | A | -0.53% | |
| GMRE | F | -0.5% | |
| ILPT | F | -0.49% | |
| BRSP | C | -0.49% | |
| WSR | A | -0.46% | |
| ALX | D | -0.45% | |
| GTY | A | -0.44% | |
| OPI | F | -0.4% | |
| RMR | F | -0.38% | |
| UHT | D | -0.36% | |
| GPMT | C | -0.34% | |
| GOOD | B | -0.33% | |
| FSP | B | -0.29% | |
| TRTX | C | -0.29% | |
| AHH | D | -0.27% | |
| SLRC | A | -0.23% | |
| UVE | B | -0.22% | |
| KRO | C | -0.2% | |
| EBF | F | -0.18% | |
| OLP | B | -0.16% | |
| GLAD | B | -0.15% | |
| BFS | C | -0.14% | |
| CCAP | A | -0.1% | |
| REPX | A | -0.07% |
LBO: Top Represented Industries & Keywords
Industries:
Asset Management
Conglomerates
Credit Services
Specialty Finance
Keywords:
Private Equity
Business Development
Mezzanine Capital
Venture Capital
Debt
Business Development Company
Credit
Loan
Senior Debt
Consumer Products
Refinancing
Second Lien Loan
Subordinated Debt
Chemical
Golub Capital
Healthcare Service
Investment Solutions
Leveraged Buyout
Wilshire Associates
Aerospace
SMHB: Top Represented Industries & Keywords
Industries:
Asset Management
REIT - Diversified
REIT - Office
REIT - Healthcare Facilities
REIT - Retail
REIT - Residential
Oil & Gas Midstream
Credit Services
Business Equipment
REIT - Industrial
Specialty Finance
Tobacco
Business Services
Conglomerates
Information Technology Services
Insurance - Property & Casualty
Oil & Gas E&P
Oil & Gas Equipment & Services
Packaged Foods
Pharmaceutical Retailers
Keywords:
Real Estate Investment Trust
Private Equity
Mortgage Loan
Structured Finance
Business Development
Mortgage Backed Security
Loan
Mezzanine Capital
Debt
Real Estate Properties
Residential Mortgage Backed Security
Senior Debt
Venture Capital
Credit
Real Estate Finance
Real Estate Mortgage Investment Conduit
Refinancing
Subordinated Debt
Banking
Business Development Company
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