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ETFs

ETRACS 2x Leveraged US Dividend Factor TR ETN

SCDL
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Today’s Change
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Snapshot
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Inception Date
Feb 05 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$1,174
AUM
$29,740,000
Associated Index
Dow Jones US Dividend 100 Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with SCDL

What is SCDL?

The Dow Jones U.S. Dividend 100 TR Index is designed to measure the performance of 100 high dividend-paying U.S. companies, excluding REITS, with a record of consistently paying dividends, selected based on financial ratios for fundamental strength relative to their peers.

ETFs related toSCDL

ETFs correlated to SCDL include SCHD, VYM, DTD

SCDL
UBS AG London Branch - ETRACS 2x Leveraged US Dividend Factor TR ETN
SCHD
Schwab Strategic Trust - Schwab US Dividend Equity ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
VTV
Vanguard Group, Inc. - Vanguard Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSCDL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with SCDL using Composer

FAQ

SCDL is a US Equities ETF. The Dow Jones U.S. Dividend 100 TR Index is designed to measure the performance of 100 high dividend-paying U.S. companies, excluding REITS, with a record of consistently paying dividends, selected based on financial ratios for fundamental strength relative to their peers.

SCDL tracks the Dow Jones US Dividend 100 Index.

SCDL dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, SCDL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SCDL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SCDL is -0.0336%. This is the percent change in the value of SCDL over the most recent 1-month period. The 3-month return on SCDL is 0.0091%. This is the percent change in the value of SCDL over the most recent 3-month period.

The standard deviation of SCDL for the past year is 0.3102%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SCDL include TQQQ, SSO, and TNA.

ETFs correlated to SCDL include SCHD, VYM, and DTD.

ETFs that are inversely correlated to SCDL include DOG, SDOW, and DXD.

Yes, SCDL is a Leveraged (2x) ETF: This means that SCDL will try to match the performance of Dow Jones US Dividend 100 Index, but with 2x the returns.

Yes, SCDL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Dow Jones US Dividend 100 Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.