CEFD vs. SDIV
CEFD (ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN) and SDIV (Global X SuperDividend ETF) are both exchange-traded funds - CEFD is a fund fund tracking the S-Network Composite Closed-End Fund Index (150%), while SDIV is a Global Equities fund tracking the Solactive Global SuperDividend Index. Both are passively managed. Over the past 5 years, CEFD returned 3.13%/yr vs -0.84%/yr for SDIV. A 0.62 correlation means they provide meaningful diversification when combined. CEFD charges 0.95%/yr vs 0.58%/yr for SDIV.
Performance
CEFD vs. SDIV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CEFD having a 6.26% return and SDIV slightly lower at 5.97%.
CEFD
- 1D
- -0.98%
- 1M
- 2.61%
- YTD
- 6.26%
- 6M
- 6.56%
- 1Y
- 18.31%
- 3Y*
- 15.60%
- 5Y*
- 3.13%
- 10Y*
- —
SDIV
- 1D
- -2.00%
- 1M
- -3.86%
- YTD
- 5.97%
- 6M
- 6.19%
- 1Y
- 25.09%
- 3Y*
- 15.75%
- 5Y*
- -0.84%
- 10Y*
- -0.07%
CEFD vs. SDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 6.26% | 14.15% | 20.06% | 8.36% | -28.93% | 22.09% | 21.81% |
SDIV Global X SuperDividend ETF | 5.97% | 29.12% | 1.77% | 5.46% | -26.43% | 3.76% | 17.48% |
Correlation
The correlation between CEFD and SDIV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.62 |
The correlation between CEFD and SDIV shifts across timeframes, from 0.47 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEFD vs. SDIV — Risk / Return Rank
CEFD
SDIV
CEFD vs. SDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Global X SuperDividend ETF (SDIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CEFD | SDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.43 | -1.96 |
| Martin ratioReturn relative to average drawdown | 6.84 | 12.41 | -5.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEFD | SDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.02 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.05 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.06 | +0.46 |
Drawdowns
CEFD vs. SDIV - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum SDIV drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for CEFD and SDIV.
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Drawdown Indicators
| CEFD | SDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -56.90% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -7.35% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -18.64% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -41.94% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.90% | — |
Current DrawdownCurrent decline from peak | -1.14% | -17.77% | +16.63% |
Average DrawdownAverage peak-to-trough decline | -11.72% | -18.59% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.03% | +0.65% |
Volatility
CEFD vs. SDIV - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Global X SuperDividend ETF (SDIV) have volatilities of 4.05% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEFD | SDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 4.21% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 9.64% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 12.47% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 16.86% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 18.97% | -1.66% |
CEFD vs. SDIV - Expense Ratio Comparison
CEFD has a 0.95% expense ratio, which is higher than SDIV's 0.58% expense ratio.
Dividends
CEFD vs. SDIV - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 14.58%, more than SDIV's 10.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 14.58% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDIV Global X SuperDividend ETF | 10.02% | 9.59% | 11.33% | 11.73% | 14.17% | 8.95% | 7.96% | 8.73% | 9.22% | 6.66% | 6.95% | 7.33% |
Frequently Asked Questions
CEFD and SDIV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDIV has higher volatility (4.21%) compared to CEFD (4.05%). In terms of maximum drawdown, CEFD dropped -36.95% vs SDIV's -56.90%.
On 5-year performance, CEFD leads with 3.13% vs -0.84% for SDIV. On fees, SDIV is cheaper at 0.58% per year. On volatility, CEFD has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CEFD has performed better with a 3.13% return vs -0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDIV is cheaper with a 0.58% expense ratio, compared with 0.95% for CEFD.
CEFD has the higher dividend yield at 14.58%, compared with 10.02% for SDIV.
CEFD tracks S-Network Composite Closed-End Fund Index (150%), while SDIV tracks Solactive Global SuperDividend Index. They also come from different issuers: UBS and Global X. Their fees differ too: 0.95% for CEFD and 0.58% for SDIV.
SDIV currently has the higher Sharpe Ratio (2.02 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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