BDCX vs. BEG

Last updated Jun 24, 2026

BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. BDCX is passively managed, while BEG is actively managed. At a 0.19 correlation, their price movements are largely independent. BDCX charges 0.95%/yr vs 0.75%/yr for BEG.

Performance

BDCX vs. BEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and Leverage Shares 2X Long BE Daily ETF (BEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDCX achieves a -13.68% return, which is significantly lower than BEG's 778.97% return.

BDCX

• 1D: 0.57%
• 1M: -1.31%
• YTD: -13.68%
• 6M: -10.71%
• 1Y: -17.92%
• 3Y*: 3.31%
• 5Y*: 1.22%
• 10Y*: —

BEG

• 1D: 10.53%
• 1M: 20.45%
• YTD: 778.97%
• 6M: 676.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BDCX vs. BEG - Yearly Performance Comparison

	2026 (YTD)	2025
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	-13.68%	-1.02%
BEG Leverage Shares 2X Long BE Daily ETF	778.97%	1.77%

Correlation

The correlation between BDCX and BEG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.19

Return for Risk

BDCX vs. BEG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDCX

BDCX Risk / Return Rank: 4
BDCX Sharpe Ratio Rank: 4
BDCX Sortino Ratio Rank: 4
BDCX Omega Ratio Rank: 4
BDCX Calmar Ratio Rank: 4
BDCX Martin Ratio Rank: 4

BEG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDCX vs. BEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BDCX	BEG	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	—	—
Sortino ratio: Return per unit of downside risk	-0.81	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.59	—	—
Martin ratio: Return relative to average drawdown	-0.99	—	—

Drawdowns

BDCX vs. BEG - Drawdown Comparison

The maximum BDCX drawdown since its inception was -34.96%, smaller than the maximum BEG drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for BDCX and BEG.

Drawdown Indicators

	BDCX	BEG	Difference
Max Drawdown Largest peak-to-trough decline	-34.96%	-59.85%	+24.89%
Max Drawdown (1Y) Largest decline over 1 year	-30.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.96%	—	—
Current Drawdown Current decline from peak	-29.85%	0.00%	-29.85%
Average Drawdown Average peak-to-trough decline	-10.21%	-16.76%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.05%	—	—

Volatility

Volatility by Period

	BDCX	BEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.74%	212.53%	-184.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.58%	212.53%	-185.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.90%	212.53%	-185.63%

BDCX vs. BEG - Expense Ratio Comparison

BDCX has a 0.95% expense ratio, which is higher than BEG's 0.75% expense ratio.

Dividends

BDCX vs. BEG - Dividend Comparison

BDCX's dividend yield for the trailing twelve months is around 20.73%, while BEG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	20.73%	19.17%	15.28%	14.71%	17.47%	11.52%	6.32%
BEG Leverage Shares 2X Long BE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDCX and BEG in my portfolio?

BDCX and BEG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BDCX or BEG?

On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDCX or BEG?

BEG is cheaper with a 0.75% expense ratio, compared with 0.95% for BDCX.

Which ETF pays a higher dividend yield, BDCX or BEG?

BDCX has the higher dividend yield at 20.73%, compared with 0.00% for BEG.

What is the main difference between BDCX and BEG?

They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.95% for BDCX and 0.75% for BEG.