SCDL vs. DLLL

Last updated Aug 4, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and DLLL (GraniteShares 2x Long DELL Daily ETF) are both Leveraged Equities funds - SCDL tracks the Dow Jones U.S. Dividend 100 (200%) while DLLL tracks the Dell Technologies Inc. (DELL). Both are passively managed. Over the past year, SCDL returned 62.63% vs 599.95% for DLLL. Their 0.12 correlation means their historical movements had little consistent relationship. SCDL charges 0.95%/yr vs 1.50%/yr for DLLL.

Performance

SCDL vs. DLLL - 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 GraniteShares 2x Long DELL Daily ETF (DLLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCDL achieves a 47.89% return, which is significantly lower than DLLL's 699.96% 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%

DLLL

• 1D: 11.79%
• 1M: 11.20%
• 6M: 802.44%
• YTD: 699.96%
• 1Y: 599.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 301.93%

*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)
DLLL GraniteShares 2x Long DELL Daily ETF	$23.82M	$34.65M	$52.12M
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	$13.83K	$30.61K	$22.30K

SCDL vs. DLLL - Yearly Performance Comparison

	2026 (YTD)	2025
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	47.89%	0.30%
DLLL GraniteShares 2x Long DELL Daily ETF	699.96%	-3.72%

Correlation

The correlation between SCDL and DLLL is 0.02, 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.	0.02
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.12

Return for Risk

SCDL vs. DLLL — 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

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 94
DLLL Omega Ratio Rank: 92
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 95

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. DLLL - 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 GraniteShares 2x Long DELL Daily ETF (DLLL). 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	DLLL	Difference
Sharpe ratio: Return per unit of total volatility	2.90	4.30	-1.40
Sortino ratio: Return per unit of downside risk	4.06	3.86	+0.20
Omega ratio: Gain probability vs. loss probability	1.47	1.47	0.00
Calmar ratio: Return relative to maximum drawdown	6.18	10.59	-4.41
Martin ratio: Return relative to average drawdown	15.87	20.58	-4.72

SCDL vs. DLLL - Sharpe Ratio Comparison

The current SCDL Sharpe Ratio is 2.90, which is lower than the DLLL Sharpe Ratio of 4.30. The chart below compares the historical Sharpe Ratios of SCDL and DLLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCDL vs. DLLL - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum DLLL drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for SCDL and DLLL.

Drawdown Indicators

	SCDL	DLLL	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-68.58%	+33.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-57.19%	+47.00%
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%	-24.33%	+22.30%
Average Drawdown Average peak-to-trough decline	-11.67%	-25.80%	+14.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	29.35%	-25.39%

Volatility

SCDL vs. DLLL - Volatility Comparison

The current volatility for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is 7.76%, while GraniteShares 2x Long DELL Daily ETF (DLLL) has a volatility of 50.69%. This indicates that SCDL experiences smaller price fluctuations and is considered to be less risky than DLLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDL	DLLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	50.69%	-42.93%
Volatility (6M) Calculated over the trailing 6-month period	15.48%	114.42%	-98.94%
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	140.93%	-119.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.02%	132.81%	-103.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	132.81%	-104.06%

SCDL vs. DLLL - Expense Ratio Comparison

SCDL has a 0.95% expense ratio, which is lower than DLLL's 1.50% expense ratio.

Dividends

SCDL vs. DLLL - Dividend Comparison

Neither SCDL nor DLLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SCDL and DLLL in my portfolio?

SCDL and DLLL have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCDL or DLLL?

DLLL has higher volatility (50.69%) compared to SCDL (7.76%). In terms of maximum drawdown, SCDL dropped -34.87% vs DLLL's -68.58%.

Which ETF is better, SCDL or DLLL?

On 1-year performance, DLLL leads with 599.95% vs 62.63% for SCDL. On fees, SCDL is cheaper at 0.95% 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.

Which ETF has performed better, SCDL or DLLL?

Over the 1-year period, DLLL has performed better with a 599.95% return vs 62.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDL or DLLL?

SCDL is cheaper with a 0.95% expense ratio, compared with 1.50% for DLLL.

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

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

What is the main difference between SCDL and DLLL?

SCDL tracks Dow Jones U.S. Dividend 100 (200%), while DLLL tracks Dell Technologies Inc. (DELL). They also come from different issuers: UBS and GraniteShares. Their fees differ too: 0.95% for SCDL and 1.50% for DLLL.

Which has better risk-adjusted returns?

DLLL currently has the higher Sharpe Ratio (4.30 vs 2.90), 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.