UDIV vs. SCDL

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL).

UDIV and SCDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDIV is a passively managed fund by Franklin Templeton that tracks the performance of the Linked Morningstar US Dividend Enhanced Select Index. It was launched on Jun 1, 2016. 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. Both UDIV and SCDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UDIV vs. SCDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). The values are adjusted to include any dividend payments, if applicable.

UDIV vs. SCDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UDIV Franklin U.S. Core Dividend Tilt Index ETF	-2.52%	19.00%	25.61%	25.21%	-15.00%	18.79%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	24.46%	2.05%	14.99%	0.18%	-13.06%	52.47%

Returns By Period

In the year-to-date period, UDIV achieves a -2.52% return, which is significantly lower than SCDL's 24.46% return.

UDIV

• 1D: 2.84%
• 1M: -4.47%
• YTD: -2.52%
• 6M: -0.60%
• 1Y: 20.03%
• 3Y*: 19.35%
• 5Y*: 11.73%
• 10Y*: —

SCDL

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

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

UDIV vs. SCDL - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than SCDL's 0.95% expense ratio.

SCDL

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

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

Return for Risk

UDIV vs. SCDL — Risk / Return Rank

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

UDIV

UDIV Risk / Return Rank: 67
UDIV Sharpe Ratio Rank: 63
UDIV Sortino Ratio Rank: 64
UDIV Omega Ratio Rank: 69
UDIV Calmar Ratio Rank: 64
UDIV Martin Ratio Rank: 75

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

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.

UDIV vs. SCDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). 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.

	UDIV	SCDL	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.64	+0.44
Sortino ratio Return per unit of downside risk	1.62	1.09	+0.52
Omega ratio Gain probability vs. loss probability	1.25	1.16	+0.10
Calmar ratio Return relative to maximum drawdown	1.60	0.92	+0.68
Martin ratio Return relative to average drawdown	7.86	2.80	+5.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDIV vs. SCDL - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 1.08, which is higher than the SCDL Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of UDIV and SCDL, 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

	UDIV	SCDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.64	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.33	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.47	+0.16

Correlation

The correlation between UDIV and SCDL 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.

Dividends

UDIV vs. SCDL - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.66%, while SCDL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.66%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%
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%

Drawdowns

UDIV vs. SCDL - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, roughly equal to the maximum SCDL drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for UDIV and SCDL.

Drawdown Indicators

	UDIV	SCDL	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-34.87%	-0.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-25.74%	+12.76%
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	-34.87%	+11.69%
Current Drawdown Current decline from peak	-5.84%	-5.81%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.71%	-12.26%	+7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	8.61%	-5.97%

Volatility

UDIV vs. SCDL - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 5.29% compared to ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) at 4.69%. This indicates that UDIV's price experiences larger fluctuations and is considered to be riskier than SCDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDIV	SCDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	4.69%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	15.48%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	32.67%	-14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	29.06%	-13.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	29.12%	-12.78%