AMNA vs. BDCX
Compare and contrast key facts about ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX).
AMNA and BDCX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMNA is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Jun 19, 2020. BDCX is a passively managed fund by UBS that tracks the performance of the MVIS US Business Development Companies (150%). It was launched on Jun 2, 2020. Both AMNA and BDCX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMNA or BDCX.
Key characteristics
| AMNA | BDCX | |
|---|---|---|
| YTD Return | 9.53% | 9.20% |
| 1Y Return | 21.62% | 41.88% |
| 3Y Return (Ann) | 17.96% | 11.32% |
| Sharpe Ratio | 1.50 | 2.22 |
| Daily Std Dev | 13.47% | 17.54% |
| Max Drawdown | -18.83% | -34.96% |
| Current Drawdown | -0.93% | 0.00% |
Correlation
The correlation between AMNA and BDCX is 0.61, 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
The year-to-date returns for both stocks are quite close, with AMNA having a 9.53% return and BDCX slightly lower at 9.20%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
AMNA vs. BDCX - Dividend Comparison
AMNA's dividend yield for the trailing twelve months is around 5.41%, less than BDCX's 14.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
AMNA ETRACS Alerian Midstream Energy Index ETN | 5.41% | 5.61% | 5.48% | 5.84% | 2.12% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 14.74% | 14.71% | 17.47% | 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.
Volatility
AMNA vs. BDCX - Volatility Comparison
The current volatility for ETRACS Alerian Midstream Energy Index ETN (AMNA) is 3.48%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 3.82%. 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.