BDCX vs SMHB
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN compared with ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN on yield, payout growth, payment schedule, cost and risk.
BDCX
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
TTM yield · Quarterly
SMHB
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN
TTM yield · Monthly
Quick take
- BDCX yields more today: 22.89% vs 9.35% (forward).
- BDCX has grown its payout faster: -1.5%/yr vs -8.8%/yr over the last 5 years.
- BDCX pays every quarter; SMHB pays every month.
- Over the last year SMHB delivered the higher total return: +0.7% vs -13.8% (price change plus payouts).
- BDCX has the steadier distribution: consistency 83/100 vs 59/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | BDCX | SMHB |
|---|---|---|
| Share price | $20.48 | $3.98 |
| TTM yield | 19.97% | 19.67% |
| Forward yield | 22.89% | 9.35% |
| Annual payout per share | $4.688 | $0.372 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Oct 13, 2026 (est.) | Sep 11, 2026 (est.) |
| Expense ratio | — | 0.85% |
| 1-year payout growth | -14.8% | -17.5% |
| 5-year payout CAGR | -1.5% | -8.8% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 83/100 | 59/100 |
| 1-year total return | -13.8% | +0.7% |
| 1-year price return | -28.1% | -15.9% |
| Size (market cap / AUM) | 7.5M | 21.9M |
| Years paying | 6.2 | 7.7 |
| Sector / category | Trading--Leveraged Equity | Trading--Leveraged Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| BDCX | SMHB | |
|---|---|---|
| Shares | 488.3 | 2,512.6 |
| Income per year | $2,289 | $935 |
| Income per month (avg) | $191 | $78 |
At forward yields, before taxes. Model BDCX · Model SMHB
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| BDCX Oct 13, 2026 | Oct 27, 2026 | $1.172 | Est. |
| BDCX Jan 12, 2027 | Jan 26, 2027 | $1.172 | Est. |
| BDCX Apr 13, 2027 | Apr 27, 2027 | $1.172 | Est. |
| SMHB Sep 11, 2026 | Sep 25, 2026 | $0.031 | Est. |
| SMHB Oct 11, 2026 | Oct 25, 2026 | $0.031 | Est. |
| SMHB Nov 10, 2026 | Nov 24, 2026 | $0.031 | Est. |
Annual payouts per share
BDCXSMHB
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, BDCX or SMHB?
BDCX currently has the higher trailing yield: BDCX yields 19.97% and SMHB yields 19.67%. Yield changes daily with price, so check the live figures above.
How often do BDCX and SMHB pay?
BDCX pays every quarter and SMHB pays every month. BDCX's next ex-date is Oct 13, 2026 and SMHB's is Sep 11, 2026.
Which has grown its dividend faster, BDCX or SMHB?
BDCX has grown its payout faster: -1.5%/yr vs -8.8%/yr over the last 5 years.
Is BDCX or SMHB better for income?
It depends on what you are optimising for. BDCX and SMHB differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.