SCDL vs. QTAP

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and Innovator Growth Accelerated Plus ETF - April (QTAP).

SCDL and QTAP 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. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.

Performance

SCDL vs. QTAP - 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 Innovator Growth Accelerated Plus ETF - April (QTAP). The values are adjusted to include any dividend payments, if applicable.

SCDL vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	24.46%	2.05%	14.99%	0.18%	-13.06%	24.46%
QTAP Innovator Growth Accelerated Plus ETF - April	1.26%	19.36%	17.34%	43.32%	-25.87%	15.63%

Returns By Period

In the year-to-date period, SCDL achieves a 24.46% return, which is significantly higher than QTAP's 1.26% return.

SCDL

• 1D: 0.85%
• 1M: -5.08%
• YTD: 24.46%
• 6M: 26.60%
• 1Y: 20.68%
• 3Y*: 16.30%
• 5Y*: 9.62%
• 10Y*: —

QTAP

• 1D: -0.51%
• 1M: 0.09%
• YTD: 1.26%
• 6M: 3.74%
• 1Y: 19.73%
• 3Y*: 18.89%
• 5Y*: —
• 10Y*: —

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

SCDL vs. QTAP - Expense Ratio Comparison

SCDL has a 0.95% expense ratio, which is higher than QTAP's 0.79% expense ratio.

SCDL

ETRACS 2x Leveraged U.S. Dividend Factor TR ETN

QTAP

Innovator Growth Accelerated Plus ETF - April

Return for Risk

SCDL vs. QTAP — Risk / Return Rank

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

SCDL

SCDL Risk / Return Rank: 36
SCDL Sharpe Ratio Rank: 35
SCDL Sortino Ratio Rank: 39
SCDL Omega Ratio Rank: 39
SCDL Calmar Ratio Rank: 37
SCDL Martin Ratio Rank: 32

QTAP

QTAP Risk / Return Rank: 80
QTAP Sharpe Ratio Rank: 69
QTAP Sortino Ratio Rank: 76
QTAP Omega Ratio Rank: 95
QTAP Calmar Ratio Rank: 68
QTAP Martin Ratio Rank: 91

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. QTAP - 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 Innovator Growth Accelerated Plus ETF - April (QTAP). 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	QTAP	Difference
Sharpe ratio Return per unit of total volatility	0.64	1.22	-0.58
Sortino ratio Return per unit of downside risk	1.09	1.94	-0.85
Omega ratio Gain probability vs. loss probability	1.16	1.48	-0.32
Calmar ratio Return relative to maximum drawdown	0.92	1.73	-0.80
Martin ratio Return relative to average drawdown	2.80	12.34	-9.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCDL vs. QTAP - Sharpe Ratio Comparison

The current SCDL Sharpe Ratio is 0.64, which is lower than the QTAP Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SCDL and QTAP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCDL	QTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.22	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.62	-0.15

Correlation

The correlation between SCDL and QTAP is 0.53, 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.

Dividends

SCDL vs. QTAP - Dividend Comparison

Neither SCDL nor QTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SCDL vs. QTAP - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for SCDL and QTAP.

Drawdown Indicators

	SCDL	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-29.44%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	-25.74%	-12.04%	-13.70%
Max Drawdown (5Y) Largest decline over 5 years	-34.87%	—	—
Current Drawdown Current decline from peak	-5.81%	-0.51%	-5.30%
Average Drawdown Average peak-to-trough decline	-12.26%	-5.21%	-7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.61%	1.68%	+6.93%

Volatility

SCDL vs. QTAP - Volatility Comparison

ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 4.69% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 0.76%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDL	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	0.76%	+3.93%
Volatility (6M) Calculated over the trailing 6-month period	15.48%	2.75%	+12.73%
Volatility (1Y) Calculated over the trailing 1-year period	32.67%	16.31%	+16.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.06%	19.02%	+10.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.12%	19.02%	+10.10%