SCDL vs. QLD
Compare and contrast key facts about ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and ProShares Ultra QQQ (QLD).
SCDL and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both SCDL and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCDL or QLD.
Correlation
The correlation between SCDL and QLD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SCDL vs. QLD - Performance Comparison
Key characteristics
SCDL:
0.71
QLD:
0.92
SCDL:
1.13
QLD:
1.37
SCDL:
1.13
QLD:
1.18
SCDL:
0.98
QLD:
1.29
SCDL:
2.44
QLD:
3.99
SCDL:
6.55%
QLD:
8.48%
SCDL:
22.55%
QLD:
36.70%
SCDL:
-34.87%
QLD:
-83.13%
SCDL:
-12.09%
QLD:
-4.83%
Returns By Period
In the year-to-date period, SCDL achieves a 1.75% return, which is significantly lower than QLD's 5.67% return.
SCDL
1.75%
1.77%
4.93%
18.37%
N/A
N/A
QLD
5.67%
8.35%
25.00%
39.35%
25.78%
29.16%
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SCDL vs. QLD - Expense Ratio Comparison
Both SCDL and QLD have an expense ratio of 0.95%.
Risk-Adjusted Performance
SCDL vs. QLD — Risk-Adjusted Performance Rank
SCDL
QLD
SCDL vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and ProShares Ultra QQQ (QLD). 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.
Dividends
SCDL vs. QLD - Dividend Comparison
SCDL has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.24%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QLD ProShares Ultra QQQ | 0.24% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
SCDL vs. QLD - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for SCDL and QLD. For additional features, visit the drawdowns tool.
Volatility
SCDL vs. QLD - Volatility Comparison
The current volatility for ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) is 6.24%, while ProShares Ultra QQQ (QLD) has a volatility of 10.63%. This indicates that SCDL experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.