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ETRACS MVIS Business Development Companies Index E...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US90274D4161

CUSIP

90274D416

Issuer

UBS

Inception Date

Oct 8, 2015

Region

North America (U.S.)

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


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

ETRACS MVIS Business Development Companies Index ETN (BDCZ) returned -5.59% year-to-date (YTD) and -2.61% over the past 12 months.


BDCZ

YTD

-5.59%

1M

5.89%

6M

-2.11%

1Y

-2.61%

5Y*

17.46%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

7.44%

6M

-5.60%

1Y

8.37%

5Y*

14.12%

10Y*

10.46%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20254.72%0.78%-4.22%-6.51%-0.10%-5.59%
20241.59%0.08%3.67%1.07%3.33%1.35%-2.36%-1.83%0.67%0.40%3.73%0.07%12.22%
20237.88%1.43%-4.87%0.95%1.02%4.66%5.58%-0.16%1.58%-4.64%6.24%3.99%25.32%
20224.07%-0.18%1.63%-4.31%-3.46%-6.91%8.33%-0.20%-14.62%11.78%4.29%-5.17%-7.36%
20211.59%10.07%4.71%5.77%1.65%0.45%0.18%1.37%0.05%4.28%-2.56%2.61%33.96%
20200.51%-10.29%-37.93%17.45%10.32%0.27%0.52%4.50%-0.50%-4.46%18.04%3.89%-10.96%
201911.92%2.71%-0.97%3.38%-3.15%3.19%0.98%-0.11%2.54%-0.46%2.94%1.07%25.98%
2018-0.29%-3.69%0.49%4.27%-0.89%1.05%3.93%1.09%0.77%-6.58%0.11%-7.26%-7.46%
20171.75%4.81%1.27%-0.62%-3.95%0.89%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 14, meaning it’s performing worse than 86% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BDCZ is 1414
Overall Rank
The Sharpe Ratio Rank of BDCZ is 1414
Sharpe Ratio Rank
The Sortino Ratio Rank of BDCZ is 1414
Sortino Ratio Rank
The Omega Ratio Rank of BDCZ is 1414
Omega Ratio Rank
The Calmar Ratio Rank of BDCZ is 1414
Calmar Ratio Rank
The Martin Ratio Rank of BDCZ is 1414
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ETRACS MVIS Business Development Companies Index ETN Sharpe ratios as of May 11, 2025 (values are recalculated daily):

  • 1-Year: -0.13
  • 5-Year: 0.96
  • All Time: 0.39

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ETRACS MVIS Business Development Companies Index ETN compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

ETRACS MVIS Business Development Companies Index ETN provided a 10.36% dividend yield over the last twelve months, with an annual payout of $1.80 per share.


7.00%8.00%9.00%10.00%11.00%12.00%$0.00$0.50$1.00$1.50$2.00201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$1.80$1.80$1.73$1.95$1.50$1.62$1.71$1.71$1.83$1.80

Dividend yield

10.36%9.26%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.32$0.00$0.00$0.58$0.00$0.90
2024$0.44$0.00$0.00$0.46$0.00$0.00$0.45$0.00$0.00$0.45$0.00$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.


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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 11.85%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-55.62%Feb 21, 202022Mar 23, 2020243Mar 10, 2021265
-23.12%Apr 21, 2022112Sep 29, 2022204Jul 26, 2023316
-22.04%Aug 30, 201764Dec 20, 2018235Nov 26, 2019299
-19.5%Feb 20, 202534Apr 8, 2025
-9.12%Jul 1, 202425Aug 5, 202482Nov 29, 2024107

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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