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 |
| Leveraged | 1x |
| Index Tracked | BDCZ-US - MVIS US Business Development Companies Index |
| Asset Class | Equity |
Asset Class Size | Micro-Cap |
Asset Class Style | Blend |
Expense Ratio
BDCZ features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BDCZ vs. MLPR, BDCZ vs. BIZD, BDCZ vs. HYG, BDCZ vs. MTCIX, BDCZ vs. VOO, BDCZ vs. LVHI, BDCZ vs. FEQIX, BDCZ vs. SMH, BDCZ vs. GABF, BDCZ vs. PBDC
Performance
Performance Chart
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.
Returns By Period
ETRACS MVIS Business Development Companies Index ETN had a return of 8.27% year-to-date (YTD) and 12.85% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.27% | 25.48% |
| 1 month | -0.17% | 2.14% |
| 6 months | -0.18% | 12.76% |
| 1 year | 12.85% | 33.14% |
| 5 years (annualized) | 9.15% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of BDCZ, 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 | 1.59% | 0.08% | 3.67% | 1.07% | 3.33% | 1.35% | -2.36% | -1.83% | 0.67% | 0.40% | 8.27% | ||
| 2023 | 7.88% | 1.43% | -4.87% | 0.95% | 1.02% | 4.66% | 5.58% | -0.16% | 1.58% | -4.64% | 6.24% | 3.99% | 25.32% |
| 2022 | 4.07% | -0.18% | 1.63% | -4.31% | -3.46% | -6.91% | 8.33% | -0.20% | -14.62% | 11.78% | 4.29% | -5.17% | -7.36% |
| 2021 | 1.59% | 10.07% | 4.71% | 5.77% | 1.65% | 0.45% | 0.18% | 1.38% | 0.05% | 4.28% | -2.56% | 2.61% | 33.96% |
| 2020 | 0.51% | -10.29% | -37.93% | 17.46% | 10.32% | 0.27% | 0.52% | 4.50% | -0.50% | -4.46% | 18.04% | 3.89% | -10.95% |
| 2019 | 11.91% | 2.71% | -0.97% | 3.38% | -3.15% | 3.19% | 0.97% | -0.11% | 2.54% | -0.46% | 2.94% | 1.07% | 25.98% |
| 2018 | -0.29% | -3.69% | 0.48% | 4.27% | -0.90% | 1.05% | 3.93% | 1.09% | 0.77% | -6.58% | 0.11% | -7.26% | -7.46% |
| 2017 | 1.75% | 4.81% | 1.27% | -0.62% | -3.95% | 0.90% | 0.27% | -4.07% | 1.79% | -0.40% | 0.07% | -0.92% | 0.58% |
| 2016 | -0.95% | 8.68% | 7.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BDCZ is 39, 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 MVIS Business Development Companies Index ETN (BDCZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ETRACS MVIS Business Development Companies Index ETN provided a 9.60% dividend yield over the last twelve months, with an annual payout of $1.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.80 | $1.73 | $1.95 | $1.50 | $1.62 | $1.71 | $1.71 | $1.83 | $1.80 |
Dividend yield | 9.60% | 9.13% | 11.66% | 7.49% | 10.01% | 8.39% | 9.66% | 8.75% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.44 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.45 | $0.00 | $1.80 | |
| 2023 | $0.43 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $1.73 |
| 2022 | $0.76 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $1.95 |
| 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 | $1.50 |
| 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 | $1.62 |
| 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 | $1.71 |
| 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 | $1.71 |
| 2017 | $0.45 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $1.83 |
| 2016 | $0.46 | $0.45 | $0.45 | $0.44 | $0.00 | $0.00 | $1.80 |
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 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.
The current ETRACS MVIS Business Development Companies Index ETN drawdown is 2.95%.
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 |
| -9.12% | Jul 1, 2024 | 25 | Aug 5, 2024 | — | — | — |
| -6.22% | Sep 26, 2023 | 24 | Oct 27, 2023 | 12 | Nov 14, 2023 | 36 |
Volatility
Volatility Chart
The current ETRACS MVIS Business Development Companies Index ETN volatility is 3.85%, 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.