RJDI vs. SCDL

Last updated Aug 2, 2026

RJDI (RJ Eagle GCM Dividend Select Income ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - RJDI is a Dividend fund actively managed by Carillon Tower Advisers, while SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%). RJDI is actively managed, while SCDL is passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. RJDI charges 0.63%/yr vs 0.95%/yr for SCDL.

Performance

RJDI vs. SCDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle GCM Dividend Select Income ETF (RJDI) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RJDI achieves a 16.41% return, which is significantly lower than SCDL's 47.30% return.

RJDI

• 1D: 0.17%
• 1M: 1.08%
• 6M: 12.15%
• YTD: 16.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RJDI RJ Eagle GCM Dividend Select Income ETF	$802.50K	$774.15K	$969.34K
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	$12.99K	$29.73K	$21.90K

RJDI vs. SCDL - Yearly Performance Comparison

	2026 (YTD)	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	16.41%	1.23%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	47.30%	0.09%

Correlation

The correlation between RJDI and SCDL is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.48

Return for Risk

RJDI vs. SCDL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RJDI

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

SCDL

SCDL Risk / Return Rank: 94
SCDL Sharpe Ratio Rank: 95
SCDL Sortino Ratio Rank: 95
SCDL Omega Ratio Rank: 92
SCDL Calmar Ratio Rank: 96
SCDL Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RJDI vs. SCDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle GCM Dividend Select Income ETF (RJDI) 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.

	RJDI	SCDL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.81	—
Sortino ratio: Return per unit of downside risk	—	3.97	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	6.00	—
Martin ratio: Return relative to average drawdown	—	15.42	—

Drawdowns

RJDI vs. SCDL - Drawdown Comparison

The maximum RJDI drawdown since its inception was -7.05%, smaller than the maximum SCDL drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for RJDI and SCDL.

Drawdown Indicators

	RJDI	SCDL	Difference
Max Drawdown Largest peak-to-trough decline	-7.05%	-34.87%	+27.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.87%	—
Current Drawdown Current decline from peak	-0.20%	-2.42%	+2.22%
Average Drawdown Average peak-to-trough decline	-1.38%	-11.68%	+10.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.96%	—

Volatility

Volatility by Period

	RJDI	SCDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	21.95%	-9.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.30%	29.02%	-16.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.30%	28.76%	-16.46%

RJDI vs. SCDL - Expense Ratio Comparison

RJDI has a 0.63% expense ratio, which is lower than SCDL's 0.95% expense ratio.

Dividends

RJDI vs. SCDL - Dividend Comparison

RJDI's dividend yield for the trailing twelve months is around 0.78%, while SCDL has not paid dividends to shareholders.

Position	TTM	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	0.78%	0.23%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both RJDI and SCDL in my portfolio?

RJDI and SCDL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJDI or SCDL?

On fees, RJDI is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJDI or SCDL?

RJDI is cheaper with a 0.63% expense ratio, compared with 0.95% for SCDL.

Which ETF pays a higher dividend yield, RJDI or SCDL?

RJDI has the higher dividend yield at 0.78%, compared with 0.00% for SCDL.

What is the main difference between RJDI and SCDL?

RJDI is categorized as Dividend, while SCDL is Leveraged Equities. They also come from different issuers: Carillon Tower Advisers and UBS. Their fees differ too: 0.63% for RJDI and 0.95% for SCDL.