BDCX vs. PYPE
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and ETRACS NYSE Pickens Core Midstream Index ETN (PYPE).
BDCX and PYPE 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. PYPE is a passively managed fund by UBS that tracks the performance of the NYSE Pickens Core Midstream Index. It was launched on Aug 20, 2018. Both BDCX and PYPE 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 PYPE.
Key characteristics
| BDCX | PYPE |
|---|
Correlation
The correlation between BDCX and PYPE is 0.53, 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.
Performance
BDCX vs. PYPE - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BDCX vs. PYPE - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than PYPE's 0.85% expense ratio.
Risk-Adjusted Performance
BDCX vs. PYPE - 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 NYSE Pickens Core Midstream Index ETN (PYPE). 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. PYPE - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 14.82%, while PYPE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 14.82% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% |
PYPE ETRACS NYSE Pickens Core Midstream Index ETN | 0.00% | 3.23% | 6.23% | 7.51% | 11.13% | 7.77% | 0.07% |
Drawdowns
BDCX vs. PYPE - Drawdown Comparison
Volatility
BDCX vs. PYPE - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 3.90% compared to ETRACS NYSE Pickens Core Midstream Index ETN (PYPE) at 0.00%. This indicates that BDCX's price experiences larger fluctuations and is considered to be riskier than PYPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.