ETRACS MVIS Business Development Companies Index ETN (BDCZ)
BDCZ is a passive ETF by UBS tracking the investment results of the BDCZ-US - MVIS US Business Development Companies Index. BDCZ launched on Oct 8, 2015 and has a 0.85% expense ratio.
ETF Info
| ISIN | US90274D4161 |
|---|---|
| CUSIP | 90274D416 |
| Issuer | UBS |
| Inception Date | Oct 8, 2015 |
| Region | North America (U.S.) |
| Category | Financials Equities |
| Index Tracked | BDCZ-US - MVIS US Business Development Companies Index |
| Asset Class | Equity |
Asset Class Size | Micro-Cap |
Asset Class Style | Blend |
Expense Ratio
The ETRACS MVIS Business Development Companies Index ETN has a high expense ratio of 0.85%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in ETRACS MVIS Business Development Companies 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.
Compare to other instruments
Popular comparisons: BDCZ vs. MLPR, BDCZ vs. HYG, BDCZ vs. BIZD
Return
ETRACS MVIS Business Development Companies Index ETN had a return of 20.94% year-to-date (YTD) and 13.47% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 20.94% | 18.52% |
| 1 month | 7.81% | 10.52% |
| 6 months | 13.94% | 8.20% |
| 1 year | 13.47% | 13.02% |
| 5 years (annualized) | 8.87% | 10.68% |
| 10 years (annualized) | N/A | 9.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.95% | 1.02% | 4.66% | 5.58% | -0.17% | 1.58% | -4.64% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and S&P 500 (^GSPC). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 0.89 | ||||
^GSPC S&P 500 | 0.91 |
Dividend History
ETRACS MVIS Business Development Companies Index ETN granted a 9.46% dividend yield in the last twelve months. The annual payout for that period amounted to $1.73 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.73 | $1.57 | $1.50 | $1.62 | $1.71 | $1.71 | $1.82 | $1.80 |
Dividend yield | 9.46% | 9.39% | 7.52% | 10.01% | 8.39% | 9.67% | 8.74% | 7.98% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS MVIS Business Development Companies 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.43 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.44 | ||
| 2022 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 |
| 2021 | $0.37 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 |
| 2020 | $0.43 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 |
| 2019 | $0.45 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 |
| 2018 | $0.45 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 |
| 2017 | $0.44 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 |
| 2016 | $0.46 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS MVIS Business Development Companies 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 MVIS Business Development Companies Index ETN was 55.62%, occurring on Mar 23, 2020. Recovery took 243 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.62% | Feb 21, 2020 | 22 | Mar 23, 2020 | 243 | Mar 10, 2021 | 265 |
| -23.12% | Apr 21, 2022 | 112 | Sep 29, 2022 | 204 | Jul 26, 2023 | 316 |
| -22.04% | Aug 30, 2017 | 64 | Dec 20, 2018 | 235 | Nov 26, 2019 | 299 |
| -13.1% | Dec 4, 2015 | 10 | Jan 26, 2016 | 37 | Nov 2, 2016 | 47 |
| -6.22% | Sep 26, 2023 | 24 | Oct 27, 2023 | 12 | Nov 14, 2023 | 36 |
Volatility Chart
The current ETRACS MVIS Business Development Companies Index ETN volatility is 3.70%, 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.