SCDL vs. PYPG

Last updated Jul 17, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. SCDL is passively managed, while PYPG is actively managed. Over the past year, SCDL returned 51.06% vs -56.05% for PYPG. At a 0.33 correlation, their price movements are largely independent. SCDL charges 0.95%/yr vs 0.75%/yr for PYPG.

Performance

SCDL vs. PYPG - 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 PYPL Daily ETF (PYPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCDL achieves a 43.61% return, which is significantly higher than PYPG's -23.41% return.

SCDL

• 1D: 4.41%
• 1M: 4.14%
• 6M: 29.30%
• YTD: 43.61%
• 1Y: 51.06%
• 3Y*: 22.10%
• 5Y*: 11.42%
• 10Y*: —

PYPG

• 1D: 4.02%
• 1M: 61.13%
• 6M: -18.36%
• YTD: -23.41%
• 1Y: -56.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCDL vs. PYPG - Yearly Performance Comparison

	2026 (YTD)	2025
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	43.61%	6.00%
PYPG Leverage Shares 2X Long PYPL Daily ETF	-23.41%	-20.19%

Correlation

The correlation between SCDL and PYPG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.33

Return for Risk

SCDL vs. PYPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCDL

SCDL Risk / Return Rank: 87
SCDL Sharpe Ratio Rank: 89
SCDL Sortino Ratio Rank: 90
SCDL Omega Ratio Rank: 82
SCDL Calmar Ratio Rank: 93
SCDL Martin Ratio Rank: 82

PYPG

PYPG Risk / Return Rank: 4
PYPG Sharpe Ratio Rank: 4
PYPG Sortino Ratio Rank: 5
PYPG Omega Ratio Rank: 4
PYPG Calmar Ratio Rank: 4
PYPG Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCDL vs. PYPG - 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 PYPL Daily ETF (PYPG). 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	PYPG	Difference
Sharpe ratio: Return per unit of total volatility	2.36	-0.66	+3.02
Sortino ratio: Return per unit of downside risk	3.38	-0.67	+4.05
Omega ratio: Gain probability vs. loss probability	1.39	0.91	+0.48
Calmar ratio: Return relative to maximum drawdown	5.04	-0.71	+5.74
Martin ratio: Return relative to average drawdown	12.55	-1.00	+13.54

SCDL vs. PYPG - Sharpe Ratio Comparison

The current SCDL Sharpe Ratio is 2.36, which is higher than the PYPG Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of SCDL and PYPG, 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. PYPG - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for SCDL and PYPG.

Drawdown Indicators

	SCDL	PYPG	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-79.52%	+44.65%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-79.52%	+69.33%
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	0.00%	-61.72%	+61.72%
Average Drawdown Average peak-to-trough decline	-11.76%	-41.31%	+29.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	56.30%	-52.22%

Volatility

SCDL vs. PYPG - Volatility Comparison

The current volatility for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is 8.09%, while Leverage Shares 2X Long PYPL Daily ETF (PYPG) has a volatility of 34.53%. This indicates that SCDL experiences smaller price fluctuations and is considered to be less risky than PYPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDL	PYPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	34.53%	-26.44%
Volatility (6M) Calculated over the trailing 6-month period	15.50%	77.11%	-61.61%
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	85.35%	-63.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.04%	83.28%	-54.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.79%	83.28%	-54.49%

SCDL vs. PYPG - Expense Ratio Comparison

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

Dividends

SCDL vs. PYPG - Dividend Comparison

Neither SCDL nor PYPG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SCDL and PYPG in my portfolio?

SCDL and PYPG have a correlation of 0.26, 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 PYPG?

PYPG has higher volatility (34.53%) compared to SCDL (8.09%). In terms of maximum drawdown, SCDL dropped -34.87% vs PYPG's -79.52%.

Which ETF is better, SCDL or PYPG?

On 1-year performance, SCDL leads with 51.06% vs -56.05% for PYPG. On fees, PYPG is cheaper at 0.75% per year. On volatility, SCDL has been the lower-risk option at 8.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCDL or PYPG?

Over the 1-year period, SCDL has performed better with a 51.06% return vs -56.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDL or PYPG?

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

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

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

What is the main difference between SCDL and PYPG?

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

Which has better risk-adjusted returns?

SCDL currently has the higher Sharpe Ratio (2.36 vs -0.66), 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.