BDCX vs. BRKL

Last updated Aug 1, 2026

BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. BDCX is passively managed, while BRKL is actively managed. Their 0.04 correlation means their historical movements had little consistent relationship. BDCX charges 0.95%/yr vs 0.45%/yr for BRKL.

Performance

BDCX vs. BRKL - 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 Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BDCX

• 1D: -0.19%
• 1M: -2.20%
• 6M: -9.86%
• YTD: -10.75%
• 1Y: -18.23%
• 3Y*: 0.23%
• 5Y*: 2.22%
• 10Y*: —
• ALL TIME*: 11.61%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	$38.67K	$35.86K	$42.25K
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K

BDCX vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	-1.30%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between BDCX and BRKL is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.04

Return for Risk

BDCX vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BDCX

BDCX Risk / Return Rank: 3
BDCX Sharpe Ratio Rank: 4
BDCX Sortino Ratio Rank: 4
BDCX Omega Ratio Rank: 4
BDCX Calmar Ratio Rank: 3
BDCX Martin Ratio Rank: 2

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BDCX vs. BRKL - 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 Corgi BRKB 2x Daily ETF (BRKL). 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	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	—	—
Sortino ratio: Return per unit of downside risk	-0.89	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.74	—	—
Martin ratio: Return relative to average drawdown	-1.28	—	—

Drawdowns

BDCX vs. BRKL - Drawdown Comparison

The maximum BDCX drawdown since its inception was -34.96%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for BDCX and BRKL.

Drawdown Indicators

	BDCX	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-34.96%	-7.03%	-27.93%
Max Drawdown (1Y) Largest decline over 1 year	-26.35%	—	—
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	-27.46%	-0.13%	-27.33%
Average Drawdown Average peak-to-trough decline	-10.50%	-4.14%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.28%	—	—

Volatility

Volatility by Period

	BDCX	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	30.99%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.69%	30.99%	-4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.87%	30.99%	-4.12%

BDCX vs. BRKL - Expense Ratio Comparison

BDCX has a 0.95% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

BDCX vs. BRKL - Dividend Comparison

BDCX's dividend yield for the trailing twelve months is around 21.64%, while BRKL 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	21.64%	19.17%	15.28%	14.71%	17.47%	11.52%	6.32%
BRKL Corgi BRKB 2x 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 BRKL in my portfolio?

BDCX and BRKL have a correlation of 0.04, 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 BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDCX or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.95% for BDCX.

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

BDCX has the higher dividend yield at 21.64%, compared with 0.00% for BRKL.

What is the main difference between BDCX and BRKL?

They also come from different issuers: UBS and Corgi. Their fees differ too: 0.95% for BDCX and 0.45% for BRKL.