SMHB vs. GHYB ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB)

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

$6.27

Average Daily Volume

41,151

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GHYB

Goldman Sachs Access High Yield Corporate Bond ETF

GHYB Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Citi Goldman Sachs High Yield Corporate Bond Index (the "index"). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of high yield corporate bonds denominated in U.S. dollars ("USD") that meet certain liquidity and fundamental screening criteria.

Grade (RS Rating)

Last Trade

$45.32

Average Daily Volume

11,276

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	GHYB
30 Days	7.35%	1.62%
60 Days	5.40%	3.39%
90 Days	15.82%	4.90%
12 Months	31.44%	14.33%

5 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in GHYB	Overlap
HESM	D	0.59%	0.11%	0.11%
LADR	D	0.62%	0.26%	0.26%
UNIT	C	1.86%	0.11%	0.11%
VGR	C	0.79%	0.24%	0.24%
XRX	F	4.09%	0.19%	0.19%

SMHB Overweight 86 Positions Relative to GHYB

Symbol	Grade	Weight
SLG	C	4.87%
DTM	A	3.81%
BXMT	C	3.43%
DSS	F	2.87%
TWO	D	2.87%
CIM	C	2.62%
ETRN	B	2.49%
BDN	A	2.41%
BGS	D	2.41%
SBRA	C	2.38%
EPR	C	2.34%
ABR	B	2.21%
APAM	C	2.02%
PAGP	D	1.88%
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	B	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%
GNL	D	1.01%
FCPT	C	1.0%
EFC	D	1.0%
PDM	C	0.99%
GSBD	D	0.94%
NEWT	D	0.94%
NYMT	D	0.93%
LTC	C	0.91%
DX	C	0.89%
KREF	C	0.8%
NWBI	D	0.77%
GBDC	D	0.73%
CODI	D	0.72%
VNOM	B	0.65%
SCS	D	0.65%
RC	F	0.65%
ACRE	D	0.64%
TSLX	D	0.62%
UVV	C	0.54%
OCSL	D	0.54%
AROC	C	0.53%
GMRE	C	0.5%
ILPT	D	0.49%
BRSP	D	0.49%
WSR	B	0.46%
ALX	C	0.45%
GTY	B	0.44%
OPI	F	0.4%
RMR	B	0.38%
NMFC	F	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	C	0.25%
BCSF	C	0.24%
TPVG	F	0.23%
PFLT	B	0.23%
SLRC	D	0.23%
UVE	C	0.22%
BBDC	D	0.22%
KRO	C	0.2%
EBF	B	0.18%
GAIN	A	0.17%
PNNT	D	0.16%
OLP	C	0.16%
FDUS	C	0.16%
GLAD	A	0.15%
BFS	B	0.14%
TRIN	F	0.12%
CCAP	C	0.1%
REPX	D	0.07%

SMHB Underweight 138 Positions Relative to GHYB

Symbol	Grade	Weight
LNG	D	-0.42%
XPO	F	-0.39%
WFRD	F	-0.38%
ARMK	B	-0.37%
IQV	F	-0.34%
SSNC	C	-0.34%
HRI	B	-0.32%
NXST	D	-0.31%
HEES	D	-0.31%
NFE	F	-0.3%
WCC	C	-0.29%
HASI	C	-0.29%
APA	F	-0.29%
AAL	D	-0.29%
RIG	F	-0.28%
OGN	D	-0.27%
FTAI	B	-0.26%
LYV	A	-0.25%
EM	D	-0.25%
CVNA	A	-0.25%
CCL	C	-0.25%
USAC	D	-0.24%
MCHP	F	-0.24%
MAT	C	-0.24%
CC	D	-0.24%
CAR	D	-0.24%
AVTR	D	-0.24%
WES	D	-0.24%
TMHC	B	-0.23%
NCLH	C	-0.23%
ENLC	A	-0.23%
GT	F	-0.23%
OUT	C	-0.22%
MD	B	-0.22%
CQP	D	-0.22%
AMC	F	-0.21%
WMG	D	-0.21%
SWN	C	-0.21%
GEL	D	-0.21%
CTLT	B	-0.21%
BBWI	F	-0.21%
LUMN	C	-0.21%
UAL	B	-0.21%
TROX	D	-0.2%
KAR	D	-0.19%
EHC	B	-0.19%
IHRT	C	-0.19%
IRM	B	-0.19%
TNL	B	-0.18%
KW	C	-0.18%
VVV	D	-0.18%
CHDN	D	-0.18%
ACI	F	-0.18%
ST	F	-0.18%
IT	C	-0.18%
AM	A	-0.18%
PFGC	B	-0.17%
MSCI	B	-0.17%
HBI	B	-0.17%
IEP	F	-0.17%
CRI	D	-0.16%
CCS	C	-0.16%
FUN	F	-0.16%
SEM	D	-0.16%
PK	D	-0.16%
DELL	D	-0.16%
TOL	A	-0.16%
NEP	D	-0.16%
SUN	D	-0.16%
PCG	B	-0.16%
GTN	D	-0.16%
STX	B	-0.16%
HWM	A	-0.16%
BCO	A	-0.15%
SVC	F	-0.15%
FYBR	C	-0.15%
CCO	D	-0.15%
CRL	F	-0.14%
DBD	C	-0.14%
ADT	D	-0.14%
DVA	B	-0.14%
RCL	C	-0.14%
CLF	D	-0.13%
ALLY	F	-0.13%
URI	B	-0.13%
YUM	B	-0.13%
AA	C	-0.12%
OLN	D	-0.12%
LAMR	C	-0.12%
TGNA	B	-0.12%
AXL	F	-0.12%
FCX	B	-0.12%
UBER	C	-0.12%
S	D	-0.12%
BLDR	B	-0.11%
SPR	D	-0.11%
OI	D	-0.11%
VSAT	F	-0.11%
MOH	D	-0.11%
CCK	A	-0.11%
HLT	B	-0.11%
SBAC	B	-0.11%
CZR	C	-0.11%
EQT	C	-0.11%
SIRI	C	-0.11%
COIN	F	-0.1%
SBGI	B	-0.1%
BALY	B	-0.1%
COMM	C	-0.1%
F	D	-0.1%
OXY	F	-0.1%
CHTR	D	-0.09%
ALSN	A	-0.09%
RRC	D	-0.09%
AR	C	-0.09%
SSP	F	-0.08%
SEE	B	-0.08%
HOLX	D	-0.08%
AXTA	C	-0.08%
NAVI	D	-0.07%
DAN	F	-0.07%
SCI	C	-0.07%
TMUS	A	-0.07%
CNSL	A	-0.06%
BYD	C	-0.06%
NWL	D	-0.06%
THC	C	-0.06%
LW	D	-0.05%
X	F	-0.05%
SM	F	-0.05%
AMCX	F	-0.05%
CYH	C	-0.05%
CF	A	-0.04%
NBR	F	-0.04%
MGM	D	-0.04%
OMF	D	-0.04%
NRG	A	-0.04%
TDG	A	-0.03%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential 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