SCDL vs. HDV
Compare and contrast key facts about ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and iShares Core High Dividend ETF (HDV).
SCDL and HDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCDL is a passively managed fund by UBS that tracks the performance of the Dow Jones U.S. Dividend 100 (200%). It was launched on Feb 4, 2021. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both SCDL and HDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SCDL vs. HDV - Performance Comparison
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SCDL vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 24.46% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
HDV iShares Core High Dividend ETF | 12.30% | 11.90% | 14.16% | 1.72% | 7.05% | 17.09% |
Returns By Period
In the year-to-date period, SCDL achieves a 24.46% return, which is significantly higher than HDV's 12.30% return.
SCDL
- 1D
- 0.85%
- 1M
- -5.08%
- YTD
- 24.46%
- 6M
- 26.60%
- 1Y
- 20.68%
- 3Y*
- 16.30%
- 5Y*
- 9.62%
- 10Y*
- —
HDV
- 1D
- 0.24%
- 1M
- -2.54%
- YTD
- 12.30%
- 6M
- 12.67%
- 1Y
- 15.69%
- 3Y*
- 13.97%
- 5Y*
- 11.18%
- 10Y*
- 9.52%
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SCDL vs. HDV - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than HDV's 0.08% expense ratio.
Return for Risk
SCDL vs. HDV — Risk / Return Rank
SCDL
HDV
SCDL vs. HDV - 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 iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.24 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.70 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.65 | -0.72 |
Martin ratioReturn relative to average drawdown | 2.80 | 6.01 | -3.21 |
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 | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.24 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.88 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.73 | -0.25 |
Correlation
The correlation between SCDL and HDV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SCDL vs. HDV - Dividend Comparison
SCDL has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.92%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HDV iShares Core High Dividend ETF | 2.92% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Drawdowns
SCDL vs. HDV - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SCDL and HDV.
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Drawdown Indicators
| SCDL | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -37.04% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -25.74% | -10.04% | -15.70% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -15.42% | -19.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -5.81% | -2.58% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -3.09% | -9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 2.88% | +5.73% |
Volatility
SCDL vs. HDV - Volatility Comparison
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 4.69% compared to iShares Core High Dividend ETF (HDV) at 2.94%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 2.94% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | 7.06% | +8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.67% | 12.79% | +19.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.06% | 12.78% | +16.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.12% | 15.70% | +13.42% |