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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.
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Returns By Period
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has returned -13.54% so far this year and -23.11% over the past 12 months.
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN
- 1D
- 3.32%
- 1M
- 1.87%
- YTD
- -13.54%
- 6M
- -13.47%
- 1Y
- -23.11%
- 3Y*
- 4.64%
- 5Y*
- 3.38%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 3, 2020, BDCX's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, your investment would double in approximately 4.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +30.5%, while the worst month was Sep 2022 at -22.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BDCX closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +12.7%, while the worst single day was Apr 4, 2025 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.98% | -14.28% | 1.87% | -13.54% | |||||||||
| 2025 | 6.82% | 0.92% | -6.55% | -10.95% | 7.46% | 1.03% | 2.05% | 0.31% | -10.21% | 0.31% | 0.09% | -0.31% | -10.42% |
| 2024 | 1.92% | -0.04% | 5.13% | 1.41% | 4.79% | -1.41% | -0.68% | -2.90% | 0.69% | 0.21% | 5.82% | -0.21% | 15.32% |
| 2023 | 11.75% | 1.96% | -7.40% | 1.28% | 1.13% | 6.65% | 8.12% | -0.44% | 2.10% | -7.28% | 9.11% | 5.62% | 35.33% |
| 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% | 6.35% | -3.84% | 4.04% | 52.70% |
Benchmark Metrics
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN has an annualized alpha of 0.38%, beta of 1.00, and R² of 0.41 versus S&P 500 Index. Calculated based on daily prices since June 04, 2020.
- This ETF participated in 104.15% of S&P 500 Index downside but only 96.34% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.41 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.38%
- Beta
- 1.00
- R²
- 0.41
- Upside Capture
- 96.34%
- Downside Capture
- 104.15%
Expense Ratio
BDCX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BDCX ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table 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 (S&P 500 Index).
| BDCX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.72 | 0.90 | -1.62 |
Sortino ratioReturn per unit of downside risk | -0.91 | 1.39 | -2.29 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.21 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.40 | -2.17 |
Martin ratioReturn relative to average drawdown | -1.55 | 6.61 | -8.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BDCX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN provided a 22.24% dividend yield over the last twelve months, with an annual payout of $4.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $4.54 | $4.68 | $4.96 | $4.82 | $4.97 | $4.62 | $1.88 |
Dividend yield | 22.24% | 19.17% | 15.28% | 14.71% | 17.47% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.77 | $0.00 | $0.00 | $0.77 | |||||||||
| 2025 | $0.90 | $0.00 | $0.00 | $1.56 | $0.00 | $0.00 | $1.10 | $0.00 | $0.00 | $1.12 | $0.00 | $0.00 | $4.68 |
| 2024 | $1.19 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.24 | $0.00 | $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 |
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.
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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 29.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.96% | Apr 21, 2022 | 112 | Sep 29, 2022 | 304 | Dec 14, 2023 | 416 |
| -33.39% | Feb 20, 2025 | 277 | Mar 27, 2026 | — | — | — |
| -20.19% | Jun 9, 2020 | 22 | Jul 9, 2020 | 87 | Nov 10, 2020 | 109 |
| -13.63% | Jul 15, 2024 | 16 | Aug 5, 2024 | 82 | Nov 29, 2024 | 98 |
| -10.14% | Dec 9, 2020 | 10 | Dec 22, 2020 | 28 | Feb 3, 2021 | 38 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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