BDCX vs. NTSD
BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. BDCX is passively managed, while NTSD is actively managed. At a 0.49 correlation, their price movements are largely independent. BDCX charges 0.95%/yr vs 0.35%/yr for NTSD.
Performance
BDCX vs. NTSD - Performance Comparison
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Returns By Period
BDCX
- 1D
- 0.57%
- 1M
- -1.31%
- YTD
- -13.68%
- 6M
- -10.71%
- 1Y
- -17.92%
- 3Y*
- 3.31%
- 5Y*
- 1.22%
- 10Y*
- —
NTSD
- 1D
- -2.11%
- 1M
- -0.58%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDCX vs. NTSD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -0.22% |
NTSD WisdomTree Efficient U.S. Plus International Equity Fund | 15.69% |
Correlation
The correlation between BDCX and NTSD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026 | 0.49 |
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Return for Risk
BDCX vs. NTSD — Risk / Return Rank
BDCX
NTSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BDCX vs. NTSD - 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 WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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 | NTSD | 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 | -0.99 | — | — |
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Drawdowns
BDCX vs. NTSD - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, which is greater than NTSD's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for BDCX and NTSD.
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Drawdown Indicators
| BDCX | NTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -5.58% | -29.38% |
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 | -29.85% | -2.97% | -26.88% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -1.09% | -9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.05% | — | — |
Volatility
BDCX vs. NTSD - Volatility Comparison
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Volatility by Period
| BDCX | NTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.74% | 25.11% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.58% | 25.11% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.90% | 25.11% | +1.79% |
BDCX vs. NTSD - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than NTSD's 0.35% expense ratio.
Dividends
BDCX vs. NTSD - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 20.73%, while NTSD 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 | 20.73% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% |
NTSD WisdomTree Efficient U.S. Plus International Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDCX and NTSD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 20.73%, compared with 0.00% for NTSD.
They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.95% for BDCX and 0.35% for NTSD.
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