SCDL vs. AMND

Last updated Jun 4, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. SCDL charges 0.95%/yr vs 0.75%/yr for AMND.

Performance

SCDL vs. AMND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCDL

• 1D: 0.51%
• 1M: 5.01%
• YTD: 37.06%
• 6M: 35.80%
• 1Y: 50.97%
• 3Y*: 22.79%
• 5Y*: 9.40%
• 10Y*: —

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCDL vs. AMND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	37.06%	2.05%	14.99%	0.18%	-13.06%	52.47%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	23.23%

Correlation

The correlation between SCDL and AMND is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021	0.53

The correlation between SCDL and AMND shifts across timeframes, from 0.40 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SCDL vs. AMND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCDL

SCDL Risk / Return Rank: 73
SCDL Sharpe Ratio Rank: 73
SCDL Sortino Ratio Rank: 75
SCDL Omega Ratio Rank: 64
SCDL Calmar Ratio Rank: 87
SCDL Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCDL vs. AMND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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.

	SCDL	AMND	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.41	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	5.03	—	—
Martin ratio: Return relative to average drawdown	12.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SCDL	AMND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	—	—

Drawdowns

Drawdown Indicators

	SCDL	AMND	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	—	—
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	-2.79%	—	—
Average Drawdown Average peak-to-trough decline	-11.96%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	—	—

Volatility

Volatility by Period

	SCDL	AMND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.02%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.89%	—	—

SCDL vs. AMND - Expense Ratio Comparison

SCDL has a 0.95% expense ratio, which is higher than AMND's 0.75% expense ratio.

Dividends

SCDL vs. AMND - Dividend Comparison

Neither SCDL nor AMND has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%
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

Can I hold both SCDL and AMND in my portfolio?

SCDL and AMND have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCDL or AMND?

On fees, AMND is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCDL or AMND?

AMND is cheaper with a 0.75% expense ratio, compared with 0.95% for SCDL.

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

SCDL and AMND have nearly identical dividend yields, around 0.00%.

What is the main difference between SCDL and AMND?

SCDL is categorized as Leveraged Equities, while AMND is Energy Equities. SCDL tracks Dow Jones U.S. Dividend 100 (200%), while AMND tracks Alerian Midstream Energy Dividend Index. Their fees differ too: 0.95% for SCDL and 0.75% for AMND.