SCDL vs. CHAT
SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while CHAT is a Artificial Intelligence fund actively managed by Roundhill. SCDL is passively managed, while CHAT is actively managed. Over the past 3 years, SCDL returned 22.41%/yr vs 43.86%/yr for CHAT. Their 0.20 correlation means their historical movements had little consistent relationship. SCDL charges 0.95%/yr vs 0.75%/yr for CHAT.
Performance
SCDL vs. CHAT - Performance Comparison
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Returns By Period
In the year-to-date period, SCDL achieves a 47.89% return, which is significantly higher than CHAT's 44.67% return.
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%
CHAT
- 1D
- 4.08%
- 1M
- -3.93%
- 6M
- 36.65%
- YTD
- 44.67%
- 1Y
- 75.75%
- 3Y*
- 43.86%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 46.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $62.52M | $56.73M | $66.46M | |
| $13.83K | $30.61K | $22.30K |
SCDL vs. CHAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 47.89% | 2.05% | 14.99% | 18.40% |
CHAT Roundhill Generative AI & Technology ETF | 44.67% | 49.85% | 30.98% | 21.04% |
Correlation
The correlation between SCDL and CHAT is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.20 |
The correlation between SCDL and CHAT shifts across timeframes, from -0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SCDL vs. CHAT — Risk / Return Rank
SCDL
CHAT
SCDL vs. CHAT - 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 Roundhill Generative AI & Technology ETF (CHAT). 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 | CHAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.31 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.18 | 2.69 | +3.49 |
| Martin ratioReturn relative to average drawdown | 15.87 | 9.40 | +6.47 |
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Drawdowns
SCDL vs. CHAT - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SCDL and CHAT.
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Drawdown Indicators
| SCDL | CHAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -31.34% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -28.34% | +18.15% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -31.34% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -18.04% | +16.01% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -5.75% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 8.09% | -4.13% |
Volatility
SCDL vs. CHAT - Volatility Comparison
The current volatility for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is 7.76%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 16.63%. This indicates that SCDL experiences smaller price fluctuations and is considered to be less risky than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | CHAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 16.63% | -8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 34.48% | -19.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 39.30% | -17.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.02% | 32.47% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.75% | 32.47% | -3.72% |
SCDL vs. CHAT - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than CHAT's 0.75% expense ratio.
Dividends
SCDL vs. CHAT - Dividend Comparison
SCDL has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.97%.
| Position | TTM | 2025 |
|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 1.97% | 2.85% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% |
Frequently Asked Questions
SCDL and CHAT have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAT has higher volatility (16.63%) compared to SCDL (7.76%). In terms of maximum drawdown, SCDL dropped -34.87% vs CHAT's -31.34%.
On 3-year performance, CHAT leads with 43.86% vs 22.41% for SCDL. On fees, CHAT is cheaper at 0.75% per year. On volatility, SCDL has been the lower-risk option at 7.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CHAT has performed better with a 43.86% return vs 22.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CHAT is cheaper with a 0.75% expense ratio, compared with 0.95% for SCDL.
CHAT has the higher dividend yield at 1.97%, compared with 0.00% for SCDL.
SCDL is categorized as Leveraged Equities, while CHAT is Artificial Intelligence. They also come from different issuers: UBS and Roundhill. Their fees differ too: 0.95% for SCDL and 0.75% for CHAT.
SCDL currently has the higher Sharpe Ratio (2.90 vs 1.94), 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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