SCDL vs. DIV
SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while DIV is a Mid Cap Value Equities fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 5 years, SCDL returned 10.14%/yr vs 5.62%/yr for DIV. Their correlation of 0.83 suggests significant overlap in exposure. SCDL charges 0.95%/yr vs 0.45%/yr for DIV.
Performance
SCDL vs. DIV - Performance Comparison
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Returns By Period
In the year-to-date period, SCDL achieves a 32.62% return, which is significantly higher than DIV's 13.39% return.
SCDL
- 1D
- 0.00%
- 1M
- -5.94%
- YTD
- 32.62%
- 6M
- 30.85%
- 1Y
- 43.39%
- 3Y*
- 21.45%
- 5Y*
- 10.14%
- 10Y*
- —
DIV
- 1D
- 1.81%
- 1M
- -1.67%
- YTD
- 13.39%
- 6M
- 13.87%
- 1Y
- 15.53%
- 3Y*
- 12.84%
- 5Y*
- 5.62%
- 10Y*
- 4.14%
SCDL vs. DIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 32.62% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
DIV Global X SuperDividend U.S. ETF | 13.39% | 3.10% | 11.27% | -1.73% | -3.92% | 22.73% |
Correlation
The correlation between SCDL and DIV is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.83 |
The correlation between SCDL and DIV has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
SCDL vs. DIV — Risk / Return Rank
SCDL
DIV
SCDL vs. DIV - 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 Global X SuperDividend U.S. ETF (DIV). 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 | DIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.98 | +1.30 |
| Martin ratioReturn relative to average drawdown | 10.64 | 8.09 | +2.54 |
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Drawdowns
SCDL vs. DIV - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum DIV drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for SCDL and DIV.
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Drawdown Indicators
| SCDL | DIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -52.74% | +17.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -5.23% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -12.33% | -20.46% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -21.14% | -13.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.74% | — |
Current DrawdownCurrent decline from peak | -5.94% | -1.67% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -11.87% | -7.01% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 1.92% | +2.17% |
Volatility
SCDL vs. DIV - Volatility Comparison
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 6.45% compared to Global X SuperDividend U.S. ETF (DIV) at 3.68%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | DIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 3.68% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 7.54% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.73% | 10.64% | +11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.98% | 13.69% | +15.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.82% | 18.00% | +10.82% |
SCDL vs. DIV - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than DIV's 0.45% expense ratio.
Dividends
SCDL vs. DIV - Dividend Comparison
SCDL has not paid dividends to shareholders, while DIV's dividend yield for the trailing twelve months is around 6.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIV Global X SuperDividend U.S. ETF | 6.77% | 7.30% | 5.74% | 7.13% | 6.62% | 5.24% | 8.01% | 7.65% | 7.08% | 5.92% | 6.78% | 8.44% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCDL and DIV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCDL has higher volatility (6.45%) compared to DIV (3.68%). In terms of maximum drawdown, SCDL dropped -34.87% vs DIV's -52.74%.
On 5-year performance, SCDL leads with 10.14% vs 5.62% for DIV. On fees, DIV is cheaper at 0.45% per year. On volatility, DIV has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCDL has performed better with a 10.14% return vs 5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIV is cheaper with a 0.45% expense ratio, compared with 0.95% for SCDL.
DIV has the higher dividend yield at 6.77%, compared with 0.00% for SCDL.
SCDL is categorized as Leveraged Equities, while DIV is Mid Cap Value Equities. SCDL tracks Dow Jones U.S. Dividend 100 (200%), while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: UBS and Global X. Their fees differ too: 0.95% for SCDL and 0.45% for DIV.
SCDL currently has the higher Sharpe Ratio (2.01 vs 1.47), 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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