ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX)
BDCX is a passive ETF by UBS tracking the investment results of the MVIS US Business Development Companies (150%). BDCX launched on Jun 2, 2020 and has a 0.95% expense ratio.
ETF Info
Jun 2, 2020
1.5x
MVIS US Business Development Companies (150%)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN had a return of 10.86% year-to-date (YTD) and 17.33% in the last 12 months.
BDCX
10.86%
-1.99%
-0.06%
17.33%
N/A
N/A
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of BDCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.92% | -0.04% | 5.14% | 1.41% | 4.79% | -1.41% | -0.68% | -2.90% | 0.69% | 0.21% | 10.86% | ||
| 2023 | 11.75% | 1.96% | -7.40% | 1.28% | 1.12% | 6.65% | 8.12% | -0.44% | 2.10% | -7.28% | 9.11% | 5.62% | 35.34% |
| 2022 | 3.22% | -0.48% | 2.59% | -6.87% | -5.25% | -11.24% | 12.05% | -0.42% | -22.27% | 17.46% | 6.66% | -8.22% | -17.67% |
| 2021 | 2.52% | 14.95% | 6.88% | 7.97% | 2.36% | 0.85% | 0.15% | 1.98% | 0.10% | 6.34% | -3.84% | 4.04% | 52.68% |
| 2020 | -6.49% | 0.87% | 6.55% | -0.45% | -6.69% | 30.54% | 2.16% | 24.50% |
Expense Ratio
BDCX has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BDCX is 36, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN provided a 15.90% dividend yield over the last twelve months, with an annual payout of $4.96 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $4.96 | $4.82 | $4.97 | $4.62 | $1.88 |
Dividend yield | 15.90% | 14.71% | 17.46% | 11.52% | 6.32% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.19 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.24 | $0.00 | $4.96 | |
| 2023 | $1.19 | $0.00 | $0.00 | $1.21 | $0.00 | $0.00 | $1.17 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $4.82 |
| 2022 | $1.25 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.26 | $0.00 | $0.00 | $1.20 | $0.00 | $0.00 | $4.97 |
| 2021 | $1.02 | $0.00 | $0.00 | $1.14 | $0.00 | $0.00 | $1.21 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $4.62 |
| 2020 | $0.83 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $1.88 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN was 34.96%, occurring on Sep 29, 2022. Recovery took 304 trading sessions.
The current ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN drawdown is 3.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.96% | Apr 21, 2022 | 112 | Sep 29, 2022 | 304 | Dec 14, 2023 | 416 |
| -20.19% | Jun 9, 2020 | 22 | Jul 9, 2020 | 87 | Nov 10, 2020 | 109 |
| -13.63% | Jul 15, 2024 | 16 | Aug 5, 2024 | — | — | — |
| -10.14% | Dec 9, 2020 | 10 | Dec 22, 2020 | 28 | Feb 3, 2021 | 38 |
| -8.57% | Apr 30, 2021 | 9 | May 12, 2021 | 11 | May 27, 2021 | 20 |
Volatility
Volatility Chart
The current ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN volatility is 6.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.