BDCX vs. HYGI
BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%), while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. BDCX charges 0.95%/yr vs 0.52%/yr for HYGI.
Performance
BDCX vs. HYGI - Performance Comparison
Loading charts...
Returns By Period
BDCX
- 1D
- -0.44%
- 1M
- -5.50%
- YTD
- -11.90%
- 6M
- -14.62%
- 1Y
- -18.01%
- 3Y*
- 2.98%
- 5Y*
- 1.22%
- 10Y*
- —
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDCX vs. HYGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -11.90% | -10.42% | 15.32% | 35.33% | -0.64% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 0.65% |
Correlation
The correlation between BDCX and HYGI is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022 | 0.49 |
Over the past year, the correlation between BDCX and HYGI has dropped to 0.09 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BDCX vs. HYGI — Risk / Return Rank
BDCX
HYGI
BDCX vs. HYGI - 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 iShares Inflation Hedged High Yield Bond ETF (HYGI). 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 | HYGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | — | — |
| Martin ratioReturn relative to average drawdown | -1.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BDCX | HYGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | — | — |
Drawdowns
BDCX vs. HYGI - Drawdown Comparison
Loading charts...
Drawdown Indicators
| BDCX | HYGI | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -28.40% | — | — |
Average DrawdownAverage peak-to-trough decline | -10.10% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.35% | — | — |
Volatility
BDCX vs. HYGI - Volatility Comparison
Loading charts...
Volatility by Period
| BDCX | HYGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.59% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | — | — |
BDCX vs. HYGI - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than HYGI's 0.52% expense ratio.
Dividends
BDCX vs. HYGI - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 20.31%, while HYGI 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 | 20.31% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% |
Frequently Asked Questions
BDCX and HYGI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGI is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGI is cheaper with a 0.52% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 20.31%, compared with 0.97% for HYGI.
BDCX is categorized as Leveraged Equities, while HYGI is Inflation-Protected Bonds. BDCX tracks MVIS US Business Development Companies (150%), while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: UBS and iShares. Their fees differ too: 0.95% for BDCX and 0.52% for HYGI.
Find the right allocation for BDCX and HYGI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer