SCDL vs. XTJL

Last updated Jul 15, 2026

SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. SCDL is passively managed, while XTJL is actively managed. Over the past 5 years, SCDL returned 9.97%/yr vs 9.71%/yr for XTJL. A 0.66 correlation means they provide meaningful diversification when combined. SCDL charges 0.95%/yr vs 0.79%/yr for XTJL.

Performance

SCDL vs. XTJL - 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 U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCDL achieves a 36.67% return, which is significantly higher than XTJL's 6.07% return.

SCDL

• 1D: -2.15%
• 1M: -2.16%
• 6M: 26.40%
• YTD: 36.67%
• 1Y: 39.83%
• 3Y*: 19.86%
• 5Y*: 9.97%
• 10Y*: —

XTJL

• 1D: 0.28%
• 1M: 0.65%
• 6M: 5.33%
• YTD: 6.07%
• 1Y: 13.87%
• 3Y*: 14.25%
• 5Y*: 9.71%
• 10Y*: —

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

SCDL vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	36.67%	2.05%	14.99%	0.18%	-13.06%	16.14%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.07%	15.42%	14.43%	25.72%	-15.66%	7.81%

Correlation

The correlation between SCDL and XTJL is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.66

Over the past year, the correlation between SCDL and XTJL has dropped to 0.28 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

SCDL vs. XTJL — Risk / Return Rank

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

SCDL

SCDL Risk / Return Rank: 74
SCDL Sharpe Ratio Rank: 73
SCDL Sortino Ratio Rank: 77
SCDL Omega Ratio Rank: 65
SCDL Calmar Ratio Rank: 87
SCDL Martin Ratio Rank: 68

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 79
XTJL Omega Ratio Rank: 86
XTJL Calmar Ratio Rank: 68
XTJL Martin Ratio Rank: 89

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. XTJL - 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 U.S. Equity Accelerated Plus ETF - July (XTJL). 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	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.89	-0.03
Sortino ratio: Return per unit of downside risk	2.71	2.82	-0.11
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	3.93	2.72	+1.21
Martin ratio: Return relative to average drawdown	9.79	15.40	-5.60

SCDL vs. XTJL - Sharpe Ratio Comparison

The current SCDL Sharpe Ratio is 1.86, which is comparable to the XTJL Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SCDL and XTJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCDL vs. XTJL - Drawdown Comparison

The maximum SCDL drawdown since its inception was -34.87%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for SCDL and XTJL.

Drawdown Indicators

	SCDL	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-23.24%	-11.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-5.12%	-5.07%
Max Drawdown (3Y) Largest decline over 3 years	-32.79%	-16.70%	-16.09%
Max Drawdown (5Y) Largest decline over 5 years	-34.87%	-23.24%	-11.63%
Current Drawdown Current decline from peak	-3.07%	-0.28%	-2.79%
Average Drawdown Average peak-to-trough decline	-11.78%	-3.96%	-7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	0.90%	+3.19%

Volatility

SCDL vs. XTJL - Volatility Comparison

ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a higher volatility of 6.90% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 1.27%. This indicates that SCDL's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCDL	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	1.27%	+5.63%
Volatility (6M) Calculated over the trailing 6-month period	14.96%	5.71%	+9.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	7.39%	+14.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.99%	15.10%	+13.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	15.06%	+13.69%

SCDL vs. XTJL - Expense Ratio Comparison

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

Dividends

SCDL vs. XTJL - Dividend Comparison

Neither SCDL nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SCDL and XTJL in my portfolio?

SCDL and XTJL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCDL or XTJL?

SCDL has higher volatility (6.90%) compared to XTJL (1.27%). In terms of maximum drawdown, SCDL dropped -34.87% vs XTJL's -23.24%.

Which ETF is better, SCDL or XTJL?

On 5-year performance, SCDL leads with 9.97% vs 9.71% for XTJL. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCDL or XTJL?

Over the 5-year period, SCDL has performed better with a 9.97% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDL or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for SCDL.

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

SCDL and XTJL have nearly identical dividend yields, around 0.00%.

What is the main difference between SCDL and XTJL?

They also come from different issuers: UBS and Innovator. Their fees differ too: 0.95% for SCDL and 0.79% for XTJL.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.89 vs 1.86), 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.