SCDL vs. MVRL
SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%). Both are passively managed. Over the past 5 years, SCDL returned 9.40%/yr vs -8.72%/yr for MVRL. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
SCDL vs. MVRL - 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 MVRL's -5.20% return.
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
MVRL
- 1D
- -2.09%
- 1M
- -7.86%
- YTD
- -5.20%
- 6M
- -5.45%
- 1Y
- 11.96%
- 3Y*
- 7.15%
- 5Y*
- -8.72%
- 10Y*
- —
SCDL vs. MVRL - 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% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | -5.20% | 14.96% | -3.45% | 12.30% | -42.41% | 14.07% |
Correlation
The correlation between SCDL and MVRL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
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 MVRL shifts across timeframes, from 0.46 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCDL vs. MVRL — Risk / Return Rank
SCDL
MVRL
SCDL vs. MVRL - 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 ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL). 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 | MVRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.10 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 0.57 | +4.45 |
| Martin ratioReturn relative to average drawdown | 12.65 | 1.60 | +11.05 |
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 | MVRL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.44 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.24 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.12 | +0.41 |
Drawdowns
SCDL vs. MVRL - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum MVRL drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for SCDL and MVRL.
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Drawdown Indicators
| SCDL | MVRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -60.25% | +25.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -20.93% | +10.74% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -32.20% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -60.25% | +25.38% |
Current DrawdownCurrent decline from peak | -2.79% | -39.93% | +37.14% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -31.81% | +19.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 7.51% | -3.47% |
Volatility
SCDL vs. MVRL - Volatility Comparison
The current volatility for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is 5.20%, while ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a volatility of 5.87%. This indicates that SCDL experiences smaller price fluctuations and is considered to be less risky than MVRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | MVRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 5.87% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 20.18% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 27.30% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.02% | 36.55% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 37.63% | -8.74% |
SCDL vs. MVRL - Expense Ratio Comparison
Both SCDL and MVRL have an expense ratio of 0.95%.
Dividends
SCDL vs. MVRL - Dividend Comparison
SCDL has not paid dividends to shareholders, while MVRL's dividend yield for the trailing twelve months is around 21.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 21.21% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCDL and MVRL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVRL has higher volatility (5.87%) compared to SCDL (5.20%). In terms of maximum drawdown, SCDL dropped -34.87% vs MVRL's -60.25%.
On 5-year performance, SCDL leads with 9.40% vs -8.72% for MVRL. Both ETFs have the same 0.95% expense ratio. On volatility, SCDL has been the lower-risk option at 5.20%. 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 -8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCDL and MVRL have the same expense ratio: 0.95% per year.
MVRL has the higher dividend yield at 21.21%, compared with 0.00% for SCDL.
SCDL is categorized as Leveraged Equities, while MVRL is REIT. SCDL tracks Dow Jones U.S. Dividend 100 (200%), while MVRL tracks MVIS US Mortgage REITs Index (150%).
SCDL currently has the higher Sharpe Ratio (2.37 vs 0.44), 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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