SCDL vs. NVDG

Last updated Aug 4, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. SCDL is passively managed, while NVDG is actively managed. Over the past year, SCDL returned 62.63% vs 10.44% for NVDG. Their -0.00 correlation means they have often moved in opposite directions in the past. SCDL charges 0.95%/yr vs 0.75%/yr for NVDG.

Performance

SCDL vs. NVDG - 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 Leverage Shares 2X Long NVDA Daily ETF (NVDG). 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 higher than NVDG's 5.32% 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%

NVDG

• 1D: 5.70%
• 1M: 10.50%
• 6M: 8.19%
• YTD: 5.32%
• 1Y: 10.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.15%

*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)
NVDG Leverage Shares 2X Long NVDA Daily ETF	$3.04M	$4.02M	$6.35M
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	$13.83K	$30.61K	$22.30K

SCDL vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	47.89%	2.05%	-6.68%
NVDG Leverage Shares 2X Long NVDA Daily ETF	5.32%	32.45%	-0.52%

Correlation

The correlation between SCDL and NVDG is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	-0.00

The correlation between SCDL and NVDG shifts across timeframes, from -0.17 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SCDL vs. NVDG — 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

NVDG

NVDG Risk / Return Rank: 17
NVDG Sharpe Ratio Rank: 14
NVDG Sortino Ratio Rank: 21
NVDG Omega Ratio Rank: 19
NVDG Calmar Ratio Rank: 15
NVDG Martin Ratio Rank: 14

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. NVDG - 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 Leverage Shares 2X Long NVDA Daily ETF (NVDG). 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	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	2.90	0.15	+2.75
Sortino ratio: Return per unit of downside risk	4.06	0.72	+3.34
Omega ratio: Gain probability vs. loss probability	1.47	1.08	+0.39
Calmar ratio: Return relative to maximum drawdown	6.18	0.25	+5.93
Martin ratio: Return relative to average drawdown	15.87	0.48	+15.39

SCDL vs. NVDG - Sharpe Ratio Comparison

The current SCDL Sharpe Ratio is 2.90, which is higher than the NVDG Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of SCDL and NVDG, 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. NVDG - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for SCDL and NVDG.

Drawdown Indicators

	SCDL	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-66.19%	+31.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-42.72%	+32.53%
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%	-27.68%	+25.65%
Average Drawdown Average peak-to-trough decline	-11.67%	-23.53%	+11.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	22.03%	-18.07%

Volatility

SCDL vs. NVDG - Volatility Comparison

The current volatility for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is 7.76%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 24.88%. This indicates that SCDL experiences smaller price fluctuations and is considered to be less risky than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDL	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	24.88%	-17.12%
Volatility (6M) Calculated over the trailing 6-month period	15.48%	56.20%	-40.72%
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	72.40%	-50.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.02%	89.75%	-60.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	89.75%	-61.00%

SCDL vs. NVDG - Expense Ratio Comparison

SCDL has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

SCDL vs. NVDG - Dividend Comparison

SCDL has not paid dividends to shareholders, while NVDG's dividend yield for the trailing twelve months is around 11.22%.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.22%	11.81%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCDL and NVDG in my portfolio?

SCDL and NVDG have a correlation of -0.17, 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 NVDG?

NVDG has higher volatility (24.88%) compared to SCDL (7.76%). In terms of maximum drawdown, SCDL dropped -34.87% vs NVDG's -66.19%.

Which ETF is better, SCDL or NVDG?

On 1-year performance, SCDL leads with 62.63% vs 10.44% for NVDG. On fees, NVDG is cheaper at 0.75% 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 NVDG?

Over the 1-year period, SCDL has performed better with a 62.63% return vs 10.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDL or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.95% for SCDL.

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

NVDG has the higher dividend yield at 11.22%, compared with 0.00% for SCDL.

What is the main difference between SCDL and NVDG?

They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.95% for SCDL and 0.75% for NVDG.

Which has better risk-adjusted returns?

SCDL currently has the higher Sharpe Ratio (2.90 vs 0.15), 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.