DIV vs. SCDL
DIV (Global X SuperDividend U.S. ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - DIV is a Dividend fund tracking the Indxx SuperDividend® U.S. Low Volatility Index, while SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%). Both are passively managed. Over the past 5 years, DIV returned 5.02%/yr vs 9.40%/yr for SCDL. Their correlation of 0.83 suggests significant overlap in exposure. DIV charges 0.45%/yr vs 0.95%/yr for SCDL.
Performance
DIV vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, DIV achieves a 11.63% return, which is significantly lower than SCDL's 37.06% return.
DIV
- 1D
- -1.38%
- 1M
- -1.56%
- YTD
- 11.63%
- 6M
- 10.20%
- 1Y
- 14.38%
- 3Y*
- 11.72%
- 5Y*
- 5.02%
- 10Y*
- 3.95%
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
DIV vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIV Global X SuperDividend U.S. ETF | 11.63% | 3.10% | 11.27% | -1.73% | -3.92% | 21.44% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 37.06% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
Correlation
The correlation between DIV and SCDL is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.83 |
The correlation between DIV and SCDL has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
DIV vs. SCDL — Risk / Return Rank
DIV
SCDL
DIV vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend U.S. ETF (DIV) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). 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.
| DIV | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 5.03 | -2.27 |
| Martin ratioReturn relative to average drawdown | 7.79 | 12.65 | -4.86 |
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
| DIV | SCDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 2.37 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.33 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.53 | -0.26 |
Drawdowns
DIV vs. SCDL - Drawdown Comparison
The maximum DIV drawdown since its inception was -52.74%, which is greater than SCDL's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for DIV and SCDL.
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Drawdown Indicators
| DIV | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.74% | -34.87% | -17.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | -10.19% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.33% | -32.79% | +20.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -34.87% | +13.73% |
Max Drawdown (10Y)Largest decline over 10 years | -52.74% | — | — |
Current DrawdownCurrent decline from peak | -3.20% | -2.79% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -11.96% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 4.04% | -2.19% |
Volatility
DIV vs. SCDL - Volatility Comparison
The current volatility for Global X SuperDividend U.S. ETF (DIV) is 3.18%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 5.20%. This indicates that DIV experiences smaller price fluctuations and is considered to be less risky than SCDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIV | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 5.20% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 14.82% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 21.66% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 29.02% | -15.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 28.89% | -10.91% |
DIV vs. SCDL - Expense Ratio Comparison
DIV has a 0.45% expense ratio, which is lower than SCDL's 0.95% expense ratio.
Dividends
DIV vs. SCDL - Dividend Comparison
DIV's dividend yield for the trailing twelve months is around 7.36%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIV Global X SuperDividend U.S. ETF | 7.36% | 7.30% | 5.74% | 7.13% | 6.62% | 5.24% | 8.01% | 7.65% | 7.08% | 5.92% | 6.78% | 8.44% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIV and SCDL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCDL has higher volatility (5.20%) compared to DIV (3.18%). In terms of maximum drawdown, DIV dropped -52.74% vs SCDL's -34.87%.
On 5-year performance, SCDL leads with 9.40% vs 5.02% for DIV. On fees, DIV is cheaper at 0.45% per year. On volatility, DIV has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCDL has performed better with a 9.40% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIV is cheaper with a 0.45% expense ratio, compared with 0.95% for SCDL.
DIV has the higher dividend yield at 7.36%, compared with 0.00% for SCDL.
DIV is categorized as Dividend, while SCDL is Leveraged Equities. DIV tracks Indxx SuperDividend® U.S. Low Volatility Index, while SCDL tracks Dow Jones U.S. Dividend 100 (200%). They also come from different issuers: Global X and UBS. Their fees differ too: 0.45% for DIV and 0.95% for SCDL.
SCDL currently has the higher Sharpe Ratio (2.37 vs 1.40), 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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