BDCX vs. SCHD
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and Schwab US Dividend Equity ETF (SCHD).
BDCX and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both BDCX and SCHD 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 SCHD.
Key characteristics
| BDCX | SCHD | |
|---|---|---|
| YTD Return | 10.20% | 3.15% |
| 1Y Return | 39.58% | 11.32% |
| 3Y Return (Ann) | 11.36% | 5.03% |
| Sharpe Ratio | 2.40 | 1.08 |
| Daily Std Dev | 17.22% | 11.53% |
| Max Drawdown | -34.96% | -33.37% |
| Current Drawdown | 0.00% | -3.36% |
Correlation
The correlation between BDCX and SCHD is 0.65, 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. SCHD - Performance Comparison
In the year-to-date period, BDCX achieves a 10.20% return, which is significantly higher than SCHD's 3.15% return. 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. SCHD - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
BDCX vs. SCHD - 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 Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 14.60%, more than SCHD's 3.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 14.60% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.43% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
BDCX vs. SCHD - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BDCX and SCHD. For additional features, visit the drawdowns tool.
Volatility
BDCX vs. SCHD - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 3.91% compared to Schwab US Dividend Equity ETF (SCHD) at 3.41%. This indicates that BDCX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.