FBGX vs. SCDL

Last updated Apr 1, 2026

Compare and contrast key facts about UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL).

FBGX and SCDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. 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 FBGX 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

FBGX vs. SCDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). The values are adjusted to include any dividend payments, if applicable.

FBGX vs. SCDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	44.91%
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

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

FBGX vs. SCDL - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is higher than SCDL's 0.95% expense ratio.

FBGX

UBS AG FI Enhanced Large Cap Growth ETN

SCDL

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

Return for Risk

FBGX vs. SCDL — Risk / Return Rank

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

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.

FBGX vs. SCDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FBGX	SCDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.47	—

Correlation

The correlation between FBGX and SCDL is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FBGX vs. SCDL - Dividend Comparison

Neither FBGX nor SCDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Drawdown Indicators

	FBGX	SCDL	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.87%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-25.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.87%	—
Current Drawdown Current decline from peak	—	-5.81%	—
Average Drawdown Average peak-to-trough decline	—	-12.26%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.61%	—

Volatility

Volatility by Period

	FBGX	SCDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	29.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	29.12%	—