SCDL vs. SCHD
SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, SCDL returned 11.62%/yr vs 9.54%/yr for SCHD. Their 0.99 correlation means they have historically moved very closely together. SCDL charges 0.95%/yr vs 0.06%/yr for SCHD.
Performance
SCDL vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, SCDL achieves a 47.30% return, which is significantly higher than SCHD's 24.03% return.
SCDL
- 1D
- 0.55%
- 1M
- 6.51%
- 6M
- 26.03%
- YTD
- 47.30%
- 1Y
- 61.99%
- 3Y*
- 20.93%
- 5Y*
- 11.62%
- 10Y*
- —
- ALL TIME*
- 16.37%
SCHD
- 1D
- 0.18%
- 1M
- 3.33%
- 6M
- 14.09%
- YTD
- 24.03%
- 1Y
- 31.54%
- 3Y*
- 14.19%
- 5Y*
- 9.54%
- 10Y*
- 12.76%
- ALL TIME*
- 13.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.99K | $29.73K | $21.90K | |
| $786.88M | $715.86M | $685.58M |
SCDL vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 47.30% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
SCHD Schwab U.S. Dividend Equity ETF | 24.03% | 4.34% | 11.66% | 4.54% | -3.26% | 26.75% |
Correlation
The correlation between SCDL and SCHD is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.99 |
The correlation between SCDL and SCHD has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SCDL vs. SCHD — Risk / Return Rank
SCDL
SCHD
SCDL vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.51 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.00 | 6.74 | -0.73 |
| Martin ratioReturn relative to average drawdown | 15.42 | 17.01 | -1.59 |
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Drawdowns
SCDL vs. SCHD - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SCDL and SCHD.
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Drawdown Indicators
| SCDL | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -33.37% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -4.61% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -32.79% | -16.13% | -16.66% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -16.85% | -18.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.24% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -3.30% | -8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 1.82% | +2.14% |
Volatility
SCDL vs. SCHD - Volatility Comparison
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 8.22% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.11%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCDL | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 4.11% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 8.11% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 11.13% | +10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.02% | 14.39% | +14.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 16.72% | +12.04% |
SCDL vs. SCHD - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
SCDL vs. SCHD - Dividend Comparison
SCDL has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHD Schwab U.S. Dividend Equity ETF | 3.13% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
With a correlation of 0.98, SCDL and SCHD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SCDL has higher volatility (8.22%) compared to SCHD (4.11%). In terms of maximum drawdown, SCDL dropped -34.87% vs SCHD's -33.37%.
On 5-year performance, SCDL leads with 11.62% vs 9.54% for SCHD. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 4.11%. 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 11.62% return vs 9.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.95% for SCDL.
SCHD has the higher dividend yield at 3.13%, compared with 0.00% for SCDL.
SCDL is categorized as Leveraged Equities, while SCHD is Dividend. SCDL tracks Dow Jones U.S. Dividend 100 (200%), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: UBS and Charles Schwab. Their fees differ too: 0.95% for SCDL and 0.06% for SCHD.
SCDL currently has the higher Sharpe Ratio (2.81 vs 2.81), 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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