BDCX vs. DJCB

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB).

BDCX and DJCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DJCB is a passively managed fund by UBS that tracks the performance of the Bloomberg Commodity Index. It was launched on Oct 24, 2019. Both BDCX and DJCB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

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	-13.54%	-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%

Returns By Period

BDCX

• 1D: 3.32%
• 1M: 1.87%
• YTD: -13.54%
• 6M: -13.47%
• 1Y: -23.11%
• 3Y*: 4.64%
• 5Y*: 3.38%
• 10Y*: —

DJCB

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

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

BDCX vs. DJCB - Expense Ratio Comparison

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

BDCX

ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN

DJCB

ETRACS Bloomberg Commodity Index Total Return ETN Series B

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: 2
BDCX Sharpe Ratio Rank: 2
BDCX Sortino Ratio Rank: 2
BDCX Omega Ratio Rank: 2
BDCX Calmar Ratio Rank: 1
BDCX Martin Ratio Rank: 1

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	-0.72	—	—
Sortino ratio Return per unit of downside risk	-0.91	—	—
Omega ratio Gain probability vs. loss probability	0.89	—	—
Calmar ratio Return relative to maximum drawdown	-0.77	—	—
Martin ratio Return relative to average drawdown	-1.55	—	—
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	-0.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	—	—

Correlation

The correlation between BDCX and DJCB is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BDCX vs. DJCB - Dividend Comparison

BDCX's dividend yield for the trailing twelve months is around 22.24%, while DJCB has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	22.24%	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%

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 (5Y) Largest decline over 5 years	-34.96%	—	—
Current Drawdown Current decline from peak	-29.73%	—	—
Average Drawdown Average peak-to-trough decline	-9.60%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.20%	—	—

Volatility

Volatility by Period

	BDCX	DJCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.13%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	—	—