BDCX vs. DJCB

Last updated Jun 3, 2026

BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and DJCB (ETRACS Bloomberg Commodity Index Total Return ETN Series B) are both exchange-traded funds - BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%), while DJCB is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. BDCX charges 0.95%/yr vs 0.50%/yr for DJCB.

Performance

BDCX vs. DJCB - 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 ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BDCX

• 1D: -0.27%
• 1M: -7.16%
• YTD: -8.64%
• 6M: -8.85%
• 1Y: -13.87%
• 3Y*: 4.83%
• 5Y*: 2.33%
• 10Y*: —

DJCB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BDCX vs. DJCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	-8.64%	-10.42%	15.32%	35.33%	-17.67%	52.70%	24.50%
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	3.39%	-8.96%	16.39%	28.75%	24.19%

Correlation

The correlation between BDCX and DJCB is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.18

The correlation between BDCX and DJCB shifts across timeframes, from 0.08 (3 years) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BDCX vs. DJCB — 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

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. DJCB - 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 ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). 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.

	BDCX	DJCB	Difference
Sharpe ratio Return per unit of total volatility	-0.52	—	—
Sortino ratio Return per unit of downside risk	-0.60	—	—
Omega ratio Gain probability vs. loss probability	0.93	—	—
Calmar ratio Return relative to maximum drawdown	-0.50	—	—
Martin ratio Return relative to average drawdown	-0.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BDCX	DJCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	—	—

Drawdowns

Drawdown Indicators

	BDCX	DJCB	Difference
Max Drawdown Largest peak-to-trough decline	-34.96%	—	—
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	-25.75%	—	—
Average Drawdown Average peak-to-trough decline	-10.05%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.06%	—	—

Volatility

Volatility by Period

	BDCX	DJCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.44%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	—	—

BDCX vs. DJCB - Expense Ratio Comparison

BDCX has a 0.95% expense ratio, which is higher than DJCB's 0.50% expense ratio.

Dividends

BDCX vs. DJCB - Dividend Comparison

BDCX's dividend yield for the trailing twelve months is around 19.59%, while DJCB 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	19.59%	19.17%	15.28%	14.71%	17.47%	11.52%	6.32%
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDCX and DJCB in my portfolio?

BDCX and DJCB have a correlation of 0.18, 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 DJCB?

On fees, DJCB is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDCX or DJCB?

DJCB is cheaper with a 0.50% expense ratio, compared with 0.95% for BDCX.

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

BDCX has the higher dividend yield at 19.59%, compared with 0.00% for DJCB.

What is the main difference between BDCX and DJCB?

BDCX is categorized as Leveraged Equities, while DJCB is Commodities. BDCX tracks MVIS US Business Development Companies (150%), while DJCB tracks Bloomberg Commodity Index. Their fees differ too: 0.95% for BDCX and 0.50% for DJCB.