SCDL vs. BRKL

Last updated Aug 4, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. SCDL is passively managed, while BRKL is actively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. SCDL charges 0.95%/yr vs 0.45%/yr for BRKL.

Performance

SCDL vs. BRKL - 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 Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCDL

• 1D: 0.40%
• 1M: 6.94%
• 6M: 24.76%
• YTD: 47.89%
• 1Y: 62.63%
• 3Y*: 22.41%
• 5Y*: 11.80%
• 10Y*: —
• ALL TIME*: 16.43%

BRKL

• 1D: 0.36%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BRKL Corgi BRKB 2x Daily ETF	$2.37K	$14.77K	$14.77K
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	$13.83K	$30.61K	$22.30K

SCDL vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	7.82%
BRKL Corgi BRKB 2x Daily ETF	1.84%

Correlation

The correlation between SCDL and BRKL is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.56

Return for Risk

SCDL vs. BRKL — Risk / Return Rank

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

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

BRKL

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

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.

SCDL vs. BRKL - 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 Corgi BRKB 2x Daily ETF (BRKL). 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.

	SCDL	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	2.90	—	—
Sortino ratio: Return per unit of downside risk	4.06	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	6.18	—	—
Martin ratio: Return relative to average drawdown	15.87	—	—

Drawdowns

SCDL vs. BRKL - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for SCDL and BRKL.

Drawdown Indicators

	SCDL	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-7.03%	-27.84%
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	-2.03%	0.00%	-2.03%
Average Drawdown Average peak-to-trough decline	-11.67%	-3.93%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	—	—

Volatility

Volatility by Period

	SCDL	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	30.17%	-8.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.02%	30.17%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	30.17%	-1.42%

SCDL vs. BRKL - Expense Ratio Comparison

SCDL has a 0.95% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

SCDL vs. BRKL - Dividend Comparison

Neither SCDL nor BRKL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SCDL and BRKL in my portfolio?

SCDL and BRKL have a correlation of 0.56, 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 BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCDL or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.95% for SCDL.

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

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

What is the main difference between SCDL and BRKL?

They also come from different issuers: UBS and Corgi. Their fees differ too: 0.95% for SCDL and 0.45% for BRKL.