BMO Capital MarketsInverse EquitySMHD · Cboe BZX

MicroSectors -3x Short Semiconductor ETNs (SMHD)

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Price: $47.15; —12 Nov 2026
Assets: $16.4M; Total net assets
Expense ratio: 0.00%; Category 0.00%
Yield: —; Trailing distributions

1Y return: —; Category -29.0%
3Y CAGR: —; Category -35.8%
5Y CAGR: —; Category -23.7%

$47.15—12 Nov 2026

Fund

Assets: $16.4M
Expense: 0.00%
Categ. exp: 0.00%
Yield: —

ReturnFundCateg.

1Y—-29.0%

3Y—-35.8%

5Y—-23.7%

Launch13.3%—

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MicroSectors -3x Short Semiconductor ETNs

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+32.3%	+22.0%	—	—	—	—	—	—	+13.3%
Inverse Equity average	11.5%	8.2%	-9.1%	-31.0%	-29.0%	-35.8%	-23.7%	-29.3%	-37.1%
Difference	+20.9%	+13.8%	—	—	—	—	—	—	+50.4%

Holdings

The 1 largest positions make up 100.0% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
SMH	VanEck Semiconductor ETF	100.00%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 32.4
P/B: 11.6
P/S: 13.3
P/CF: 30.1

Sector allocation

Share of the equity the fund holds.

Technology100.0%

Asset mix

Stocks100.0%
Cash0.0%

ETF details

Issuer: BMO Capital Markets
Category: Equity · Inverse Equity
Ticker: SMHD
Exchange: Cboe BZX
Inception: 3 Aug 2026 (0.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.00% (category 0.00%)
Holdings turnover: 0%
Distribution yield: —
Beta, 3 years: 0.00
Total net assets: $16.4M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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