BDCX vs. NTSD

Last updated Jun 3, 2026

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. A 0.55 correlation means they provide meaningful diversification when combined. BDCX charges 0.95%/yr vs 0.35%/yr for NTSD.

Performance

BDCX vs. NTSD - 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 WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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*: —

NTSD

• 1D: 0.35%
• 1M: 6.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BDCX vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	5.29%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	19.23%

Correlation

The correlation between BDCX and NTSD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.55

Return for Risk

BDCX vs. NTSD — 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. 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.

	BDCX	NTSD	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	NTSD	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	5.75	-5.30

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 -5.20%. Use the drawdown chart below to compare losses from any high point for BDCX and NTSD.

Drawdown Indicators

	BDCX	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-34.96%	-5.20%	-29.76%
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%	0.00%	-25.75%
Average Drawdown Average peak-to-trough decline	-10.05%	-0.84%	-9.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.06%	—	—

Volatility

Volatility by Period

	BDCX	NTSD	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%	24.31%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.44%	24.31%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	24.31%	+2.54%

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 19.59%, 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	19.59%	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

Can I hold both BDCX and NTSD in my portfolio?

BDCX and NTSD have a correlation of 0.55, 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 NTSD?

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.

Which ETF is cheaper, BDCX or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for BDCX.

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

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

What is the main difference between BDCX and NTSD?

They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.95% for BDCX and 0.35% for NTSD.