SCDL vs. RJDI

Last updated Aug 4, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and RJDI (RJ Eagle GCM Dividend Select Income ETF) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while RJDI is a Dividend fund actively managed by Carillon Tower Advisers. SCDL is passively managed, while RJDI is actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. SCDL charges 0.95%/yr vs 0.63%/yr for RJDI.

Performance

SCDL vs. RJDI - 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 RJ Eagle GCM Dividend Select Income ETF (RJDI). 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 RJDI's 16.77% 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%

RJDI

• 1D: 0.31%
• 1M: 1.39%
• 6M: 11.27%
• YTD: 16.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
RJDI RJ Eagle GCM Dividend Select Income ETF	$754.41K	$782.95K	$972.66K
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	$13.83K	$30.61K	$22.30K

SCDL vs. RJDI - Yearly Performance Comparison

	2026 (YTD)	2025
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	47.89%	0.09%
RJDI RJ Eagle GCM Dividend Select Income ETF	16.77%	1.23%

Correlation

The correlation between SCDL and RJDI is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.48

Return for Risk

SCDL vs. RJDI — 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

RJDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. RJDI - 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 RJ Eagle GCM Dividend Select Income ETF (RJDI). 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	RJDI	Difference
Sharpe ratio: Return per unit of total volatility	2.90	—	—
Sortino ratio: Return per unit of downside risk	4.06	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	6.18	—	—
Martin ratio: Return relative to average drawdown	15.87	—	—

Drawdowns

SCDL vs. RJDI - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, which is greater than RJDI's maximum drawdown of -7.05%. Use the drawdown chart below to compare losses from any high point for SCDL and RJDI.

Drawdown Indicators

	SCDL	RJDI	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-7.05%	-27.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	—	—
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%	0.00%	-2.03%
Average Drawdown Average peak-to-trough decline	-11.67%	-1.37%	-10.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	—	—

Volatility

Volatility by Period

	SCDL	RJDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	12.27%	+9.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.02%	12.27%	+16.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	12.27%	+16.48%

SCDL vs. RJDI - Expense Ratio Comparison

SCDL has a 0.95% expense ratio, which is higher than RJDI's 0.63% expense ratio.

Dividends

SCDL vs. RJDI - Dividend Comparison

SCDL has not paid dividends to shareholders, while RJDI's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	0.77%	0.23%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCDL and RJDI in my portfolio?

SCDL and RJDI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCDL or RJDI?

On fees, RJDI is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCDL or RJDI?

RJDI is cheaper with a 0.63% expense ratio, compared with 0.95% for SCDL.

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

RJDI has the higher dividend yield at 0.77%, compared with 0.00% for SCDL.

What is the main difference between SCDL and RJDI?

SCDL is categorized as Leveraged Equities, while RJDI is Dividend. They also come from different issuers: UBS and Carillon Tower Advisers. Their fees differ too: 0.95% for SCDL and 0.63% for RJDI.