ETRACS MVIS Business Development Companies Index ETN (BDCZ)

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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.

ETRACS MVIS Business Development Companies Index ETN (BDCZ) has returned -8.73% so far this year and -13.06% over the past 12 months. Over the last ten years, BDCZ has returned 6.43% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 9, 2015, BDCZ's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.0%, while the worst month was Mar 2020 at -37.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, BDCZ closed higher 41% of trading days. The best single day was Mar 26, 2020 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -14.7%.

ETRACS MVIS Business Development Companies Index ETN has an annualized alpha of -0.33%, beta of 0.65, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since October 12, 2015.

• This ETF participated in 93.49% of S&P 500 Index downside but only 70.51% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.65 may look defensive, but with R² of 0.30 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.30 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BDCZ has an expense ratio of 0.85%, placing it in the medium range.

BDCZ ranks 3 for risk / return — in the bottom 3% 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.

The table below present risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and compare them to a chosen benchmark (S&P 500 Index).

ETRACS MVIS Business Development Companies Index ETN provided a 11.88% dividend yield over the last twelve months, with an annual payout of $1.79 per share.

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.

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.

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 55.63%, occurring on Mar 23, 2020. Recovery took 243 trading sessions.

The current ETRACS MVIS Business Development Companies Index ETN drawdown is 17.94%.

The chart below shows the rolling one-month volatility.