SCDL vs. FDIV
SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and FDIV (MarketDesk Focused U.S. Dividend ETF) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while FDIV is a Dividend fund actively managed by MarketDesk. SCDL is passively managed, while FDIV is actively managed. Over the past 5 years, SCDL returned 9.40%/yr vs -8.67%/yr for FDIV. A 0.64 correlation means they provide meaningful diversification when combined. SCDL charges 0.95%/yr vs 0.35%/yr for FDIV.
Performance
SCDL vs. FDIV - Performance Comparison
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Returns By Period
In the year-to-date period, SCDL achieves a 37.06% return, which is significantly higher than FDIV's 0.72% return.
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
FDIV
- 1D
- -0.85%
- 1M
- -0.84%
- YTD
- 0.72%
- 6M
- 1.52%
- 1Y
- 7.68%
- 3Y*
- -12.10%
- 5Y*
- -8.67%
- 10Y*
- -2.13%
SCDL vs. FDIV - 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% |
FDIV MarketDesk Focused U.S. Dividend ETF | 0.72% | 2.95% | -37.35% | 6.78% | -9.97% | 8.32% |
Correlation
The correlation between SCDL and FDIV is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.64 |
The correlation between SCDL and FDIV shifts across timeframes, from 0.64 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCDL vs. FDIV — Risk / Return Rank
SCDL
FDIV
SCDL vs. FDIV - 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 MarketDesk Focused U.S. Dividend ETF (FDIV). 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 | FDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.11 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 0.96 | +4.07 |
| Martin ratioReturn relative to average drawdown | 12.65 | 2.56 | +10.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCDL | FDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.61 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.42 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.08 | +0.61 |
Drawdowns
SCDL vs. FDIV - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum FDIV drawdown of -47.90%. Use the drawdown chart below to compare losses from any high point for SCDL and FDIV.
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Drawdown Indicators
| SCDL | FDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -47.90% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -8.01% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -45.64% | +12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -47.90% | +13.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.90% | — |
Current DrawdownCurrent decline from peak | -2.79% | -38.05% | +35.26% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -11.15% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.01% | +1.03% |
Volatility
SCDL vs. FDIV - Volatility Comparison
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 5.20% compared to MarketDesk Focused U.S. Dividend ETF (FDIV) at 2.99%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than FDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | FDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 2.99% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 8.57% | +6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 12.78% | +8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.02% | 20.81% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 17.54% | +11.35% |
SCDL vs. FDIV - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than FDIV's 0.35% expense ratio.
Dividends
SCDL vs. FDIV - Dividend Comparison
SCDL has not paid dividends to shareholders, while FDIV's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 2.89% | 2.95% | 4.12% | 4.63% | 3.81% | 3.79% | 4.17% | 3.93% | 5.13% | 3.81% | 3.84% | 4.13% |
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 FDIV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCDL has higher volatility (5.20%) compared to FDIV (2.99%). In terms of maximum drawdown, SCDL dropped -34.87% vs FDIV's -47.90%.
On 5-year performance, SCDL leads with 9.40% vs -8.67% for FDIV. On fees, FDIV is cheaper at 0.35% per year. On volatility, FDIV has been the lower-risk option at 2.99%. 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 9.40% return vs -8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIV is cheaper with a 0.35% expense ratio, compared with 0.95% for SCDL.
FDIV has the higher dividend yield at 2.89%, compared with 0.00% for SCDL.
SCDL is categorized as Leveraged Equities, while FDIV is Dividend. They also come from different issuers: UBS and MarketDesk. Their fees differ too: 0.95% for SCDL and 0.35% for FDIV.
SCDL currently has the higher Sharpe Ratio (2.37 vs 0.61), 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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