- Issuer
- UBS
- Inception Date
- Feb 4, 2021
- Region
- North America (U.S.)
- Category
- Leveraged Equities, Dividend
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Dividend 100 (200%)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $9M
Highlights
- Avg. Volume (1M)
- 531
- Avg. Volume Value (1M)
- $29.73K
Share Price Chart
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Performance
SCDL Performance Chart
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is up 47.3% since the beginning of the year. SCDL is currently trading at $58 per share. Investors who bought $1,000 worth of SCDL shares 5 years ago would now be looking at an investment worth $1,733.
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Returns By Period
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has returned 47.30% so far this year and 61.99% over the past 12 months.
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN
- 1D
- 0.55%
- 1M
- 6.51%
- 6M
- 26.03%
- YTD
- 47.30%
- 1Y
- 61.99%
- 3Y*
- 20.93%
- 5Y*
- 11.62%
- 10Y*
- —
- ALL TIME*
- 16.37%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SCDL Monthly Returns History
Based on dividend-adjusted daily data since Feb 5, 2021, SCDL's average daily return is +0.08%, while the average monthly return is +1.61%. At this rate, an investment would double in approximately 3.6 years.
Historically, 56% of months were positive and 44% were negative. The best month was Oct 2022 with a return of +22.2%, while the worst month was Jun 2022 at -16.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SCDL closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +14.7%, while the worst single day was Apr 4, 2025 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.88% | 12.18% | -5.08% | 8.68% | 2.04% | -3.63% | 10.75% | 47.30% | |||||
| 2025 | 3.41% | 4.30% | -2.41% | -15.40% | 2.26% | 3.73% | -1.05% | 10.85% | -3.16% | -4.52% | 6.23% | 0.28% | 2.05% |
| 2024 | -0.07% | 3.13% | 8.69% | -9.48% | 3.23% | -0.42% | 12.05% | 3.80% | 1.21% | -0.12% | 8.43% | -13.47% | 14.99% |
| 2023 | 2.93% | -6.68% | -3.18% | -2.26% | -8.90% | 11.04% | 7.49% | -3.41% | -9.03% | -8.38% | 12.59% | 11.81% | 0.18% |
| 2022 | -5.93% | -4.28% | 6.68% | -9.08% | 8.22% | -16.50% | 7.39% | -5.42% | -15.32% | 22.19% | 12.09% | -6.48% | -13.06% |
| 2021 | 3.97% | 16.76% | 3.67% | 6.46% | -2.01% | 0.93% | 4.09% | -7.20% | 8.67% | -4.27% | 14.52% | 52.47% |
Benchmark Metrics
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN has an annualized alpha of 1.66%, beta of 1.31, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since February 05, 2021.
- This ETF captured 150.80% of S&P 500 Index gains and 133.50% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 1.66%
- Beta
- 1.31
- R²
- 0.58
- Upside Capture
- 150.80%
- Downside Capture
- 133.50%
Expense Ratio
SCDL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SCDL ranks 94 for risk / return — above 94% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCDL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.00 | 2.00 | +4.00 |
| Martin ratioReturn relative to average drawdown | 15.42 | 8.49 | +6.93 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS 2x Leveraged U.S. Dividend Factor TR ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ETRACS 2x Leveraged U.S. Dividend Factor TR ETN was 34.87%, occurring on Oct 27, 2023. Recovery took 206 trading sessions.
The current ETRACS 2x Leveraged U.S. Dividend Factor TR ETN drawdown is 2.42%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.87%Oct 2023 | 1y 9mo | 10mo 1d | 2y 7moJan 2022 - Aug 2024 | — |
-32.79%Apr 2025 | 4mo 13d | 9mo 24d | 1y 2moNov 2024 - Jan 2026 | 2025 selloff2025 |
-9.55%Sep 2021 | 1mo 5d | 29d | 2mo 4dAug 2021 - Oct 2021 | — |
-8.97%Jun 2021 | 11d | 1mo 24d | 2mo 5dJun 2021 - Aug 2021 | — |
-8.96%Mar 2026 | 17d | 1mo 11d | 1mo 28dMar 2026 - Apr 2026 | — |
Drawdown Indicators
| SCDL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -56.78% | +21.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -9.10% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -18.90% | -13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -25.43% | -9.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.58% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -10.70% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 2.14% | +1.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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