MLPR vs. SCDL
MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both Leveraged Equities funds from UBS - MLPR tracks the Alerian MLP Index (150%) while SCDL tracks the Dow Jones U.S. Dividend 100 (200%). Both are passively managed. Over the past 5 years, MLPR returned 31.23%/yr vs 11.62%/yr for SCDL. Their 0.54 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.
Performance
MLPR vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, MLPR achieves a 39.50% return, which is significantly lower than SCDL's 47.30% return.
MLPR
- 1D
- 1.62%
- 1M
- 11.14%
- 6M
- 25.11%
- YTD
- 39.50%
- 1Y
- 39.67%
- 3Y*
- 31.28%
- 5Y*
- 31.23%
- 10Y*
- —
- ALL TIME*
- 32.46%
SCDL
- 1D
- 0.55%
- 1M
- 6.51%
- 6M
- 26.03%
- YTD
- 47.30%
- 1Y
- 61.99%
- 3Y*
- 20.93%
- 5Y*
- 11.62%
- 10Y*
- —
- ALL TIME*
- 16.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.92K | $44.03K | $37.73K | |
| $12.99K | $29.73K | $21.90K |
MLPR vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 39.50% | 9.83% | 31.57% | 35.87% | 41.04% | 39.69% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 47.30% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
Correlation
The correlation between MLPR and SCDL is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.54 |
The correlation between MLPR and SCDL shifts across timeframes, from 0.39 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MLPR vs. SCDL — Risk / Return Rank
MLPR
SCDL
MLPR vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) 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.
| MLPR | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 6.00 | -3.46 |
| Martin ratioReturn relative to average drawdown | 7.25 | 15.42 | -8.17 |
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Drawdowns
MLPR vs. SCDL - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, which is greater than SCDL's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for MLPR and SCDL.
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Drawdown Indicators
| MLPR | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -34.87% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -10.19% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -24.45% | -32.79% | +8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -34.87% | +6.21% |
Current DrawdownCurrent decline from peak | -0.13% | -2.42% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -11.68% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 3.96% | +1.39% |
Volatility
MLPR vs. SCDL - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) have volatilities of 8.44% and 8.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPR | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 8.22% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 15.67% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.38% | 21.95% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.11% | 29.02% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.66% | 28.76% | +4.90% |
MLPR vs. SCDL - Expense Ratio Comparison
Both MLPR and SCDL have an expense ratio of 0.95%.
Dividends
MLPR vs. SCDL - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 8.83%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 8.83% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MLPR and SCDL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPR has higher volatility (8.44%) compared to SCDL (8.22%). In terms of maximum drawdown, MLPR dropped -48.98% vs SCDL's -34.87%.
On 5-year performance, MLPR leads with 31.23% vs 11.62% for SCDL. Both ETFs have the same 0.95% expense ratio. On volatility, SCDL has been the lower-risk option at 8.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MLPR has performed better with a 31.23% return vs 11.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLPR and SCDL have the same expense ratio: 0.95% per year.
MLPR has the higher dividend yield at 8.83%, compared with 0.00% for SCDL.
MLPR tracks Alerian MLP Index (150%), while SCDL tracks Dow Jones U.S. Dividend 100 (200%).
SCDL currently has the higher Sharpe Ratio (2.81 vs 1.63), 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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