BDCX vs. SCHD
BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, BDCX returned 2.22%/yr vs 9.54%/yr for SCHD. Their 0.56 correlation means they have sometimes moved together and sometimes differently. BDCX charges 0.95%/yr vs 0.06%/yr for SCHD.
Performance
BDCX vs. SCHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BDCX achieves a -10.75% return, which is significantly lower than SCHD's 24.03% return.
BDCX
- 1D
- -0.19%
- 1M
- -2.20%
- 6M
- -9.86%
- YTD
- -10.75%
- 1Y
- -18.23%
- 3Y*
- 0.23%
- 5Y*
- 2.22%
- 10Y*
- —
- ALL TIME*
- 11.61%
SCHD
- 1D
- 0.18%
- 1M
- 3.33%
- 6M
- 14.09%
- YTD
- 24.03%
- 1Y
- 31.54%
- 3Y*
- 14.19%
- 5Y*
- 9.54%
- 10Y*
- 12.76%
- ALL TIME*
- 13.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.67K | $35.86K | $42.25K | |
| $786.88M | $715.86M | $685.58M |
BDCX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -10.75% | -10.42% | 15.32% | 35.33% | -17.67% | 52.70% | 25.40% |
SCHD Schwab U.S. Dividend Equity ETF | 24.03% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 23.84% |
Correlation
The correlation between BDCX and SCHD is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.56 |
Over the past year, the correlation between BDCX and SCHD has dropped to 0.28 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BDCX vs. SCHD — Risk / Return Rank
BDCX
SCHD
BDCX vs. SCHD - 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 Schwab U.S. 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.
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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -5.26 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.51 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 6.74 | -7.48 |
| Martin ratioReturn relative to average drawdown | -1.28 | 17.01 | -18.29 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| BDCX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -33.37% | -1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -26.35% | -4.61% | -21.74% |
Max Drawdown (3Y)Largest decline over 3 years | -33.39% | -16.13% | -17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.96% | -16.85% | -18.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -27.46% | -1.24% | -26.22% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -3.30% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.28% | 1.82% | +13.46% |
Volatility
BDCX vs. SCHD - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 7.16% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.11%. 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.
Loading charts...
Volatility by Period
| BDCX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 4.11% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 22.67% | 8.11% | +14.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.36% | 11.13% | +17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.69% | 14.39% | +12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.87% | 16.72% | +10.15% |
BDCX vs. SCHD - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
BDCX vs. SCHD - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 21.64%, more than SCHD's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 21.64% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.13% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
BDCX and SCHD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCX has higher volatility (7.16%) compared to SCHD (4.11%). In terms of maximum drawdown, BDCX dropped -34.96% vs SCHD's -33.37%.
On 5-year performance, SCHD leads with 9.54% vs 2.22% for BDCX. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHD has performed better with a 9.54% return vs 2.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 21.64%, compared with 3.13% for SCHD.
BDCX is categorized as Leveraged Equities, while SCHD is Dividend. BDCX tracks MVIS US Business Development Companies (150%), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: UBS and Charles Schwab. Their fees differ too: 0.95% for BDCX and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.81 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BDCX and SCHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer