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AMNA vs. BDCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AMNABDCX
YTD Return42.85%9.42%
1Y Return47.86%15.81%
3Y Return (Ann)22.24%6.72%
Sharpe Ratio3.971.08
Sortino Ratio5.691.51
Omega Ratio1.711.20
Calmar Ratio9.641.32
Martin Ratio34.854.26
Ulcer Index1.42%4.21%
Daily Std Dev12.45%16.57%
Max Drawdown-18.83%-34.96%
Current Drawdown-1.29%-5.24%

Correlation

-0.50.00.51.00.6

The correlation between AMNA and BDCX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

AMNA vs. BDCX - Performance Comparison

In the year-to-date period, AMNA achieves a 42.85% return, which is significantly higher than BDCX's 9.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
26.91%
-1.85%
AMNA
BDCX

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AMNA vs. BDCX - Expense Ratio Comparison

AMNA has a 0.75% expense ratio, which is lower than BDCX's 0.95% expense ratio.


BDCX
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN
Expense ratio chart for BDCX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for AMNA: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

AMNA vs. BDCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX). 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.


AMNA
Sharpe ratio
The chart of Sharpe ratio for AMNA, currently valued at 3.97, compared to the broader market-2.000.002.004.006.003.97
Sortino ratio
The chart of Sortino ratio for AMNA, currently valued at 5.69, compared to the broader market-2.000.002.004.006.008.0010.0012.005.69
Omega ratio
The chart of Omega ratio for AMNA, currently valued at 1.71, compared to the broader market1.001.502.002.503.001.71
Calmar ratio
The chart of Calmar ratio for AMNA, currently valued at 9.64, compared to the broader market0.005.0010.0015.009.64
Martin ratio
The chart of Martin ratio for AMNA, currently valued at 34.85, compared to the broader market0.0020.0040.0060.0080.00100.0034.85
BDCX
Sharpe ratio
The chart of Sharpe ratio for BDCX, currently valued at 1.08, compared to the broader market-2.000.002.004.006.001.08
Sortino ratio
The chart of Sortino ratio for BDCX, currently valued at 1.51, compared to the broader market-2.000.002.004.006.008.0010.0012.001.51
Omega ratio
The chart of Omega ratio for BDCX, currently valued at 1.20, compared to the broader market1.001.502.002.503.001.20
Calmar ratio
The chart of Calmar ratio for BDCX, currently valued at 1.32, compared to the broader market0.005.0010.0015.001.32
Martin ratio
The chart of Martin ratio for BDCX, currently valued at 4.26, compared to the broader market0.0020.0040.0060.0080.00100.004.26

AMNA vs. BDCX - Sharpe Ratio Comparison

The current AMNA Sharpe Ratio is 3.97, which is higher than the BDCX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of AMNA and BDCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.97
1.08
AMNA
BDCX

Dividends

AMNA vs. BDCX - Dividend Comparison

AMNA's dividend yield for the trailing twelve months is around 4.36%, less than BDCX's 16.11% yield.


TTM2023202220212020
AMNA
ETRACS Alerian Midstream Energy Index ETN
4.36%5.61%5.49%5.84%2.13%
BDCX
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN
16.11%14.71%17.46%11.52%6.32%

Drawdowns

AMNA vs. BDCX - Drawdown Comparison

The maximum AMNA drawdown since its inception was -18.83%, smaller than the maximum BDCX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for AMNA and BDCX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.29%
-5.24%
AMNA
BDCX

Volatility

AMNA vs. BDCX - Volatility Comparison

The current volatility for ETRACS Alerian Midstream Energy Index ETN (AMNA) is 4.54%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 6.29%. This indicates that AMNA experiences smaller price fluctuations and is considered to be less risky than BDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
4.54%
6.29%
AMNA
BDCX