KNG vs. SCDL
KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, 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, KNG returned 4.31%/yr vs 9.40%/yr for SCDL. Their correlation of 0.89 suggests significant overlap in exposure. KNG charges 0.75%/yr vs 0.95%/yr for SCDL.
Performance
KNG vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, KNG achieves a 2.20% return, which is significantly lower than SCDL's 37.06% return.
KNG
- 1D
- -0.04%
- 1M
- 0.89%
- YTD
- 2.20%
- 6M
- 2.33%
- 1Y
- 7.44%
- 3Y*
- 7.06%
- 5Y*
- 4.31%
- 10Y*
- —
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
KNG vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 2.20% | 6.63% | 5.99% | 7.48% | -7.03% | 23.17% |
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 KNG and SCDL is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.89 |
The correlation between KNG and SCDL has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
KNG vs. SCDL — Risk / Return Rank
KNG
SCDL
KNG vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) 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.
| KNG | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 5.03 | -4.16 |
| Martin ratioReturn relative to average drawdown | 2.25 | 12.65 | -10.40 |
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
| KNG | SCDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 2.37 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.33 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.53 | -0.04 |
Drawdowns
KNG vs. SCDL - Drawdown Comparison
The maximum KNG drawdown since its inception was -35.12%, roughly equal to the maximum SCDL drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for KNG and SCDL.
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Drawdown Indicators
| KNG | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.12% | -34.87% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -10.19% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -32.79% | +18.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -34.87% | +16.67% |
Current DrawdownCurrent decline from peak | -5.89% | -2.79% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -11.96% | +7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 4.04% | -0.72% |
Volatility
KNG vs. SCDL - Volatility Comparison
The current volatility for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is 2.29%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 5.20%. This indicates that KNG 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
| KNG | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 5.20% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 14.82% | -7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 21.66% | -11.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 29.02% | -15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 28.89% | -11.71% |
KNG vs. SCDL - Expense Ratio Comparison
KNG has a 0.75% expense ratio, which is lower than SCDL's 0.95% expense ratio.
Dividends
KNG vs. SCDL - Dividend Comparison
KNG's dividend yield for the trailing twelve months is around 8.67%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.67% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
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% |
Frequently Asked Questions
KNG and SCDL have a correlation of 0.80, 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 KNG (2.29%). In terms of maximum drawdown, KNG dropped -35.12% vs SCDL's -34.87%.
On 5-year performance, SCDL leads with 9.40% vs 4.31% for KNG. On fees, KNG is cheaper at 0.75% per year. On volatility, KNG has been the lower-risk option at 2.29%. 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 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNG is cheaper with a 0.75% expense ratio, compared with 0.95% for SCDL.
KNG has the higher dividend yield at 8.67%, compared with 0.00% for SCDL.
KNG is categorized as Dividend, while SCDL is Leveraged Equities. KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series, while SCDL tracks Dow Jones U.S. Dividend 100 (200%). They also come from different issuers: First Trust and UBS. Their fees differ too: 0.75% for KNG and 0.95% for SCDL.
SCDL currently has the higher Sharpe Ratio (2.37 vs 0.73), 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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