SMHB vs. PBDC ETF Comparison
Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Putnam BDC Income ETF (PBDC)
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
$5.73
Average Daily Volume
39,542
90
PBDC
Putnam BDC Income ETF
PBDC Description
Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$34.19
Average Daily Volume
40,039
15
Performance
| Period | SMHB | PBDC |
|---|---|---|
| 30 Days | -2.85% | 1.79% |
| 60 Days | -7.38% | 1.15% |
| 90 Days | 0.84% | 3.23% |
| 12 Months | 17.62% | 17.79% |
11 Overlapping Holdings
| Symbol | Grade | Weight in SMHB | Weight in PBDC | Overlap | |
|---|---|---|---|---|---|
| BBDC | A | 0.22% | 2.68% | 0.22% | |
| BCSF | C | 0.24% | 4.21% | 0.24% | |
| CCAP | A | 0.1% | 4.11% | 0.1% | |
| CSWC | D | 0.34% | 3.44% | 0.34% | |
| FDUS | A | 0.16% | 2.01% | 0.16% | |
| GBDC | C | 0.73% | 5.9% | 0.73% | |
| HTGC | D | 1.03% | 6.84% | 1.03% | |
| MAIN | A | 1.09% | 9.38% | 1.09% | |
| NMFC | D | 0.38% | 2.32% | 0.38% | |
| TRIN | A | 0.12% | 2.47% | 0.12% | |
| TSLX | C | 0.62% | 5.18% | 0.62% |
SMHB Overweight 79 Positions Relative to PBDC
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLG | B | 4.87% | |
| XRX | F | 4.09% | |
| DTM | B | 3.81% | |
| BXMT | C | 3.43% | |
| DSS | F | 2.87% | |
| TWO | D | 2.87% | |
| CIM | D | 2.62% | |
| BDN | C | 2.41% | |
| BGS | F | 2.41% | |
| SBRA | C | 2.38% | |
| EPR | D | 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% | |
| PSEC | D | 1.47% | |
| IVR | F | 1.43% | |
| DEA | D | 1.35% | |
| PMT | D | 1.35% | |
| MFA | D | 1.27% | |
| RWT | D | 1.24% | |
| CTRE | D | 1.16% | |
| PETS | C | 1.13% | |
| ARI | C | 1.02% | |
| GNL | F | 1.01% | |
| FCPT | C | 1.0% | |
| EFC | C | 1.0% | |
| PDM | D | 0.99% | |
| GSBD | F | 0.94% | |
| NEWT | B | 0.94% | |
| NYMT | C | 0.93% | |
| LTC | B | 0.91% | |
| DX | B | 0.89% | |
| KREF | D | 0.8% | |
| VGR | D | 0.79% | |
| NWBI | B | 0.77% | |
| CODI | B | 0.72% | |
| VNOM | A | 0.65% | |
| SCS | C | 0.65% | |
| RC | D | 0.65% | |
| ACRE | C | 0.64% | |
| LADR | B | 0.62% | |
| HESM | B | 0.59% | |
| UVV | B | 0.54% | |
| OCSL | F | 0.54% | |
| AROC | B | 0.53% | |
| GMRE | F | 0.5% | |
| ILPT | D | 0.49% | |
| BRSP | B | 0.49% | |
| WSR | A | 0.46% | |
| ALX | D | 0.45% | |
| GTY | B | 0.44% | |
| OPI | F | 0.4% | |
| RMR | F | 0.38% | |
| UHT | D | 0.36% | |
| GPMT | C | 0.34% | |
| GOOD | B | 0.33% | |
| FSP | C | 0.29% | |
| TRTX | B | 0.29% | |
| TCPC | C | 0.27% | |
| AHH | D | 0.27% | |
| CGBD | D | 0.25% | |
| TPVG | C | 0.23% | |
| PFLT | D | 0.23% | |
| SLRC | A | 0.23% | |
| UVE | B | 0.22% | |
| KRO | D | 0.2% | |
| EBF | F | 0.18% | |
| GAIN | C | 0.17% | |
| PNNT | B | 0.16% | |
| OLP | B | 0.16% | |
| GLAD | B | 0.15% | |
| BFS | C | 0.14% | |
| REPX | A | 0.07% |
SMHB: Top Represented Industries & Keywords
PBDC: Top Represented Industries & Keywords
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