This ETN offers exposure to dividend-paying U.S. equities, making SDYL a potentially useful tool for either enhancing current returns derived from the equity portion of a portfolio or for scaling back risk exposure within a portfolio. While there are dozens of funds offering exposure to dividend-paying stocks, SDYL offers a somewhat unique approach to this strategy. This ETN applies 2x leverage to the underlying index, meaning that the yield generated is magnified as are the potential capital gains and losses. It’s worth noting that exposure is reset on a monthly basis; monthly leveraged ETNs seek to amplify the returns generated by the index over the course of a month, regardless of the volatility experienced by that index during the course of the month. SDYL offers an appealing risk/return profile for yield-hungry investors looking to maximize current income, although its monthly leverage strategy can lead to serious losses if the underlying assets decline in price over a prolonged period of time. Lastly, because of its product structure, SDYL exposes investors to the credit risk of the issuing institution.
The adjacent table gives investors an individual Realtime Rating for SDYL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 10 other ETFs in the Leveraged Equities ETFdb.com Category that are also eligible for commission free trading:
SDYL does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of SDYL relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.