SCDL vs. QDIV
SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and QDIV (Global X S&P 500 Quality Dividend ETF) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while QDIV is a Dividend fund tracking the S&P 500 Quality High Dividend Index. Both are passively managed. Over the past 5 years, SCDL returned 9.40%/yr vs 6.17%/yr for QDIV. Their correlation of 0.93 suggests significant overlap in exposure. SCDL charges 0.95%/yr vs 0.20%/yr for QDIV.
Performance
SCDL vs. QDIV - 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 QDIV's 8.21% return.
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
QDIV
- 1D
- -0.10%
- 1M
- 1.84%
- YTD
- 8.21%
- 6M
- 7.70%
- 1Y
- 13.84%
- 3Y*
- 9.81%
- 5Y*
- 6.17%
- 10Y*
- —
SCDL vs. QDIV - 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% |
QDIV Global X S&P 500 Quality Dividend ETF | 8.21% | 3.16% | 10.62% | 5.18% | -0.50% | 23.74% |
Correlation
The correlation between SCDL and QDIV is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.93 |
The correlation between SCDL and QDIV has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
SCDL vs. QDIV — Risk / Return Rank
SCDL
QDIV
SCDL vs. QDIV - 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 Global X S&P 500 Quality Dividend ETF (QDIV). 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 | QDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 1.74 | +3.29 |
| Martin ratioReturn relative to average drawdown | 12.65 | 4.51 | +8.14 |
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 | QDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.18 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.41 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.43 | +0.10 |
Drawdowns
SCDL vs. QDIV - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum QDIV drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for SCDL and QDIV.
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Drawdown Indicators
| SCDL | QDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -41.20% | +6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -7.97% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -16.81% | -15.98% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -18.52% | -16.35% |
Current DrawdownCurrent decline from peak | -2.79% | -3.96% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -5.54% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.08% | +0.96% |
Volatility
SCDL vs. QDIV - Volatility Comparison
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 5.20% compared to Global X S&P 500 Quality Dividend ETF (QDIV) at 2.61%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than QDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | QDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 2.61% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 8.07% | +6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 11.84% | +9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.02% | 15.30% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 19.42% | +9.47% |
SCDL vs. QDIV - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than QDIV's 0.20% expense ratio.
Dividends
SCDL vs. QDIV - Dividend Comparison
SCDL has not paid dividends to shareholders, while QDIV's dividend yield for the trailing twelve months is around 3.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QDIV Global X S&P 500 Quality Dividend ETF | 3.23% | 3.13% | 2.88% | 3.26% | 3.02% | 2.44% | 3.06% | 2.84% | 1.30% |
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% |
Frequently Asked Questions
SCDL and QDIV have a correlation of 0.89, 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 QDIV (2.61%). In terms of maximum drawdown, SCDL dropped -34.87% vs QDIV's -41.20%.
On 5-year performance, SCDL leads with 9.40% vs 6.17% for QDIV. On fees, QDIV is cheaper at 0.20% per year. On volatility, QDIV has been the lower-risk option at 2.61%. 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 6.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QDIV is cheaper with a 0.20% expense ratio, compared with 0.95% for SCDL.
QDIV has the higher dividend yield at 3.23%, compared with 0.00% for SCDL.
SCDL is categorized as Leveraged Equities, while QDIV is Dividend. SCDL tracks Dow Jones U.S. Dividend 100 (200%), while QDIV tracks S&P 500 Quality High Dividend Index. They also come from different issuers: UBS and Global X. Their fees differ too: 0.95% for SCDL and 0.20% for QDIV.
SCDL currently has the higher Sharpe Ratio (2.37 vs 1.18), 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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