LVHD vs. SCDL
LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend 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, LVHD returned 7.44%/yr vs 10.07%/yr for SCDL. Their correlation of 0.83 suggests significant overlap in exposure. LVHD charges 0.27%/yr vs 0.95%/yr for SCDL.
Performance
LVHD vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, LVHD achieves a 10.55% return, which is significantly lower than SCDL's 33.87% return.
LVHD
- 1D
- 1.56%
- 1M
- 1.00%
- YTD
- 10.55%
- 6M
- 10.56%
- 1Y
- 13.38%
- 3Y*
- 10.78%
- 5Y*
- 7.44%
- 10Y*
- 8.35%
SCDL
- 1D
- 0.94%
- 1M
- -5.06%
- YTD
- 33.87%
- 6M
- 32.94%
- 1Y
- 45.29%
- 3Y*
- 21.83%
- 5Y*
- 10.07%
- 10Y*
- —
LVHD vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 10.55% | 7.50% | 10.18% | -0.95% | -1.82% | 25.89% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 33.87% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
Correlation
The correlation between LVHD and SCDL is 0.75, 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 | 0.75 |
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 5, 2021 | 0.83 |
The correlation between LVHD and SCDL has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
LVHD vs. SCDL — Risk / Return Rank
LVHD
SCDL
LVHD vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LVHD | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 4.47 | -2.29 |
| Martin ratioReturn relative to average drawdown | 5.41 | 11.07 | -5.65 |
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Drawdowns
LVHD vs. SCDL - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, which is greater than SCDL's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for LVHD and SCDL.
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Drawdown Indicators
| LVHD | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -34.87% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -10.19% | +4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -32.79% | +18.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -34.87% | +18.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | — | — |
Current DrawdownCurrent decline from peak | -1.43% | -5.06% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -11.87% | +7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 4.10% | -1.62% |
Volatility
LVHD vs. SCDL - Volatility Comparison
The current volatility for Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is 4.05%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 6.47%. This indicates that LVHD 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
| LVHD | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 6.47% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 14.76% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 21.70% | -11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 28.98% | -16.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 28.81% | -13.28% |
LVHD vs. SCDL - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than SCDL's 0.95% expense ratio.
Dividends
LVHD vs. SCDL - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.29%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.29% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
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% |
Frequently Asked Questions
LVHD and SCDL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCDL has higher volatility (6.47%) compared to LVHD (4.05%). In terms of maximum drawdown, LVHD dropped -37.32% vs SCDL's -34.87%.
On 5-year performance, SCDL leads with 10.07% vs 7.44% for LVHD. On fees, LVHD is cheaper at 0.27% per year. On volatility, LVHD has been the lower-risk option at 4.05%. 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 10.07% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LVHD is cheaper with a 0.27% expense ratio, compared with 0.95% for SCDL.
LVHD has the higher dividend yield at 3.29%, compared with 0.00% for SCDL.
LVHD is categorized as Dividend, while SCDL is Leveraged Equities. LVHD tracks Franklin U.S. Low Volatility High Dividend Index, while SCDL tracks Dow Jones U.S. Dividend 100 (200%). They also come from different issuers: Franklin Templeton and UBS. Their fees differ too: 0.27% for LVHD and 0.95% for SCDL.
SCDL currently has the higher Sharpe Ratio (2.10 vs 1.35), 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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