BDCX vs. MVRL
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL).
BDCX and MVRL 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. MVRL is a passively managed fund by UBS that tracks the performance of the MVIS US Mortgage REITs Index (150%). It was launched on Jun 2, 2020. Both BDCX and MVRL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDCX or MVRL.
Performance
BDCX vs. MVRL - Performance Comparison
Returns By Period
In the year-to-date period, BDCX achieves a 11.24% return, which is significantly higher than MVRL's -0.07% return.
BDCX
11.24%
-2.28%
-0.90%
17.51%
N/A
N/A
MVRL
-0.07%
-6.07%
3.03%
13.60%
N/A
N/A
Key characteristics
| BDCX | MVRL | |
|---|---|---|
| Sharpe Ratio | 1.10 | 0.46 |
| Sortino Ratio | 1.53 | 0.80 |
| Omega Ratio | 1.20 | 1.10 |
| Calmar Ratio | 1.34 | 0.27 |
| Martin Ratio | 4.31 | 1.62 |
| Ulcer Index | 4.25% | 8.57% |
| Daily Std Dev | 16.61% | 29.99% |
| Max Drawdown | -34.96% | -60.00% |
| Current Drawdown | -3.66% | -42.59% |
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BDCX vs. MVRL - Expense Ratio Comparison
Both BDCX and MVRL have an expense ratio of 0.95%.
Correlation
The correlation between BDCX and MVRL is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BDCX vs. MVRL - Risk-Adjusted Performance 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 Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL). 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.
Dividends
BDCX vs. MVRL - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 15.85%, less than MVRL's 18.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 15.85% | 14.71% | 17.46% | 11.52% | 6.32% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 18.09% | 18.70% | 25.22% | 12.97% | 5.64% |
Drawdowns
BDCX vs. MVRL - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, smaller than the maximum MVRL drawdown of -60.00%. Use the drawdown chart below to compare losses from any high point for BDCX and MVRL. For additional features, visit the drawdowns tool.
Volatility
BDCX vs. MVRL - Volatility Comparison
The current volatility for ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) is 6.31%, while ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a volatility of 6.73%. This indicates that BDCX experiences smaller price fluctuations and is considered to be less risky than MVRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.