DIV vs. SCDL

Last updated Apr 1, 2026

Compare and contrast key facts about Global X SuperDividend U.S. ETF (DIV) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL).

DIV and SCDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIV is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend® U.S. Low Volatility Index. It was launched on Mar 11, 2013. SCDL is a passively managed fund by UBS that tracks the performance of the Dow Jones U.S. Dividend 100 (200%). It was launched on Feb 4, 2021. Both DIV and SCDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DIV vs. SCDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X SuperDividend U.S. ETF (DIV) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). The values are adjusted to include any dividend payments, if applicable.

DIV vs. SCDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DIV Global X SuperDividend U.S. ETF	10.31%	3.10%	11.27%	-1.73%	-3.92%	21.44%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	24.46%	2.05%	14.99%	0.18%	-13.06%	52.47%

Returns By Period

In the year-to-date period, DIV achieves a 10.31% return, which is significantly lower than SCDL's 24.46% return.

DIV

• 1D: 0.16%
• 1M: -3.15%
• YTD: 10.31%
• 6M: 10.64%
• 1Y: 7.74%
• 3Y*: 9.84%
• 5Y*: 5.97%
• 10Y*: 4.04%

SCDL

• 1D: 0.85%
• 1M: -5.08%
• YTD: 24.46%
• 6M: 26.60%
• 1Y: 20.68%
• 3Y*: 16.30%
• 5Y*: 9.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIV vs. SCDL - Expense Ratio Comparison

DIV has a 0.45% expense ratio, which is lower than SCDL's 0.95% expense ratio.

SCDL

ETRACS 2x Leveraged U.S. Dividend Factor TR ETN

DIV

Global X SuperDividend U.S. ETF

Return for Risk

DIV vs. SCDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIV

DIV Risk / Return Rank: 30
DIV Sharpe Ratio Rank: 32
DIV Sortino Ratio Rank: 30
DIV Omega Ratio Rank: 30
DIV Calmar Ratio Rank: 31
DIV Martin Ratio Rank: 28

SCDL

SCDL Risk / Return Rank: 36
SCDL Sharpe Ratio Rank: 35
SCDL Sortino Ratio Rank: 39
SCDL Omega Ratio Rank: 39
SCDL Calmar Ratio Rank: 37
SCDL Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.55	0.64	-0.08
Sortino ratio Return per unit of downside risk	0.82	1.09	-0.27
Omega ratio Gain probability vs. loss probability	1.12	1.16	-0.04
Calmar ratio Return relative to maximum drawdown	0.71	0.92	-0.22
Martin ratio Return relative to average drawdown	2.12	2.80	-0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIV vs. SCDL - Sharpe Ratio Comparison

The current DIV Sharpe Ratio is 0.55, which is comparable to the SCDL Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of DIV and SCDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIV	SCDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.64	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.33	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.47	-0.20

Correlation

The correlation between DIV and SCDL is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DIV vs. SCDL - Dividend Comparison

DIV's dividend yield for the trailing twelve months is around 6.78%, while SCDL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIV Global X SuperDividend U.S. ETF	6.78%	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%

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.

Drawdown Indicators

	DIV	SCDL	Difference
Max Drawdown Largest peak-to-trough decline	-52.74%	-34.87%	-17.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.88%	-25.74%	+13.86%
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 Drawdown Current decline from peak	-3.59%	-5.81%	+2.22%
Average Drawdown Average peak-to-trough decline	-7.10%	-12.26%	+5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	8.61%	-4.67%

Volatility

DIV vs. SCDL - Volatility Comparison

The current volatility for Global X SuperDividend U.S. ETF (DIV) is 3.19%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 4.69%. 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.

Volatility by Period

	DIV	SCDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	4.69%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	7.34%	15.48%	-8.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	32.67%	-18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	29.06%	-15.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	29.12%	-11.16%