Correlation
The correlation between SCDL and SSO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SCDL vs. SSO
Compare and contrast key facts about ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and ProShares Ultra S&P 500 (SSO).
SCDL and SSO 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. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006. Both SCDL and SSO 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 SSO.
Performance
SCDL vs. SSO - Performance Comparison
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Key characteristics
SCDL:
0.11
SSO:
0.46
SCDL:
0.35
SSO:
0.78
SCDL:
1.05
SSO:
1.11
SCDL:
0.08
SSO:
0.41
SCDL:
0.24
SSO:
1.40
SCDL:
11.41%
SSO:
10.32%
SCDL:
33.79%
SSO:
39.21%
SCDL:
-34.87%
SSO:
-84.67%
SCDL:
-21.33%
SSO:
-10.95%
Returns By Period
In the year-to-date period, SCDL achieves a -8.95% return, which is significantly lower than SSO's -3.54% return.
SCDL
-8.95%
2.26%
-21.22%
3.67%
-1.19%
N/A
N/A
SSO
-3.54%
12.22%
-8.77%
17.71%
18.88%
24.52%
18.68%
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SCDL vs. SSO - Expense Ratio Comparison
SCDL has a 0.95% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
SCDL vs. SSO — Risk-Adjusted Performance Rank
SCDL
SSO
SCDL vs. SSO - 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 S&P 500 (SSO). 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.
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Dividends
SCDL vs. SSO - Dividend Comparison
SCDL has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.87%.
| 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% |
SSO ProShares Ultra S&P 500 | 0.87% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
SCDL vs. SSO - Drawdown Comparison
The maximum SCDL drawdown since its inception was -34.87%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for SCDL and SSO.
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Volatility
SCDL vs. SSO - Volatility Comparison
ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) and ProShares Ultra S&P 500 (SSO) have volatilities of 9.35% and 9.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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