FDIV vs. SCDL
FDIV (MarketDesk Focused U.S. Dividend ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - FDIV is a Dividend fund actively managed by MarketDesk, while SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%). FDIV is actively managed, while SCDL is passively managed. Over the past 5 years, FDIV returned -8.67%/yr vs 9.40%/yr for SCDL. A 0.64 correlation means they provide meaningful diversification when combined. FDIV charges 0.35%/yr vs 0.95%/yr for SCDL.
Performance
FDIV vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, FDIV achieves a 0.72% return, which is significantly lower than SCDL's 37.06% return.
FDIV
- 1D
- -0.85%
- 1M
- -0.84%
- YTD
- 0.72%
- 6M
- 1.52%
- 1Y
- 7.68%
- 3Y*
- -12.10%
- 5Y*
- -8.67%
- 10Y*
- -2.13%
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
FDIV vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 0.72% | 2.95% | -37.35% | 6.78% | -9.97% | 8.32% |
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 FDIV and SCDL is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.64 |
The correlation between FDIV and SCDL shifts across timeframes, from 0.64 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FDIV vs. SCDL — Risk / Return Rank
FDIV
SCDL
FDIV vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Dividend ETF (FDIV) 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.
| FDIV | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.39 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 5.03 | -4.07 |
| Martin ratioReturn relative to average drawdown | 2.56 | 12.65 | -10.09 |
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
| FDIV | SCDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.37 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.33 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.53 | -0.61 |
Drawdowns
FDIV vs. SCDL - Drawdown Comparison
The maximum FDIV drawdown since its inception was -47.90%, which is greater than SCDL's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for FDIV and SCDL.
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Drawdown Indicators
| FDIV | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.90% | -34.87% | -13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -10.19% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -45.64% | -32.79% | -12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | -34.87% | -13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -47.90% | — | — |
Current DrawdownCurrent decline from peak | -38.05% | -2.79% | -35.26% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -11.96% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 4.04% | -1.03% |
Volatility
FDIV vs. SCDL - Volatility Comparison
The current volatility for MarketDesk Focused U.S. Dividend ETF (FDIV) is 2.99%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 5.20%. This indicates that FDIV 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
| FDIV | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 5.20% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 14.82% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 21.66% | -8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 29.02% | -8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 28.89% | -11.35% |
FDIV vs. SCDL - Expense Ratio Comparison
FDIV has a 0.35% expense ratio, which is lower than SCDL's 0.95% expense ratio.
Dividends
FDIV vs. SCDL - Dividend Comparison
FDIV's dividend yield for the trailing twelve months is around 2.89%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 2.89% | 2.95% | 4.12% | 4.63% | 3.81% | 3.79% | 4.17% | 3.93% | 5.13% | 3.81% | 3.84% | 4.13% |
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
FDIV and SCDL have a correlation of 0.77, 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 FDIV (2.99%). In terms of maximum drawdown, FDIV dropped -47.90% vs SCDL's -34.87%.
On 5-year performance, SCDL leads with 9.40% vs -8.67% for FDIV. On fees, FDIV is cheaper at 0.35% per year. On volatility, FDIV has been the lower-risk option at 2.99%. 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 -8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIV is cheaper with a 0.35% expense ratio, compared with 0.95% for SCDL.
FDIV has the higher dividend yield at 2.89%, compared with 0.00% for SCDL.
FDIV is categorized as Dividend, while SCDL is Leveraged Equities. They also come from different issuers: MarketDesk and UBS. Their fees differ too: 0.35% for FDIV and 0.95% for SCDL.
SCDL currently has the higher Sharpe Ratio (2.37 vs 0.61), 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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