PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BDCX vs. USML
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BDCX and USML is 0.51, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

BDCX vs. USML - 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 ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML). The values are adjusted to include any dividend payments, if applicable.

50.00%60.00%70.00%80.00%90.00%NovemberDecember2025FebruaryMarchApril
52.75%
46.17%
BDCX
USML

Key characteristics

Sharpe Ratio

BDCX:

-0.20

USML:

0.36

Sortino Ratio

BDCX:

-0.11

USML:

0.58

Omega Ratio

BDCX:

0.98

USML:

1.09

Calmar Ratio

BDCX:

-0.22

USML:

0.52

Martin Ratio

BDCX:

-0.89

USML:

1.69

Ulcer Index

BDCX:

5.11%

USML:

4.60%

Daily Std Dev

BDCX:

23.00%

USML:

21.42%

Max Drawdown

BDCX:

-34.97%

USML:

-35.34%

Current Drawdown

BDCX:

-20.49%

USML:

-14.87%

Returns By Period

In the year-to-date period, BDCX achieves a -12.36% return, which is significantly lower than USML's -3.43% return.


BDCX

YTD

-12.36%

1M

-14.28%

6M

-8.13%

1Y

-3.52%

5Y*

N/A

10Y*

N/A

USML

YTD

-3.43%

1M

-12.54%

6M

-9.16%

1Y

9.59%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BDCX vs. USML - Expense Ratio Comparison

Both BDCX and USML have an expense ratio of 0.95%.


BDCX
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN
Expense ratio chart for BDCX: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BDCX: 0.95%
Expense ratio chart for USML: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
USML: 0.95%

Risk-Adjusted Performance

BDCX vs. USML — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDCX
The Risk-Adjusted Performance Rank of BDCX is 1919
Overall Rank
The Sharpe Ratio Rank of BDCX is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of BDCX is 2121
Sortino Ratio Rank
The Omega Ratio Rank of BDCX is 2121
Omega Ratio Rank
The Calmar Ratio Rank of BDCX is 1818
Calmar Ratio Rank
The Martin Ratio Rank of BDCX is 1616
Martin Ratio Rank

USML
The Risk-Adjusted Performance Rank of USML is 6262
Overall Rank
The Sharpe Ratio Rank of USML is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of USML is 5959
Sortino Ratio Rank
The Omega Ratio Rank of USML is 6262
Omega Ratio Rank
The Calmar Ratio Rank of USML is 7070
Calmar Ratio Rank
The Martin Ratio Rank of USML is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BDCX vs. USML - 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 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML). 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.


Sharpe ratio
The chart of Sharpe ratio for BDCX, currently valued at -0.20, compared to the broader market-1.000.001.002.003.004.005.00
BDCX: -0.20
USML: 0.36
The chart of Sortino ratio for BDCX, currently valued at -0.11, compared to the broader market-2.000.002.004.006.008.0010.00
BDCX: -0.11
USML: 0.58
The chart of Omega ratio for BDCX, currently valued at 0.98, compared to the broader market0.501.001.502.002.50
BDCX: 0.98
USML: 1.09
The chart of Calmar ratio for BDCX, currently valued at -0.22, compared to the broader market0.005.0010.0015.00
BDCX: -0.22
USML: 0.52
The chart of Martin ratio for BDCX, currently valued at -0.89, compared to the broader market0.0020.0040.0060.0080.00100.00
BDCX: -0.89
USML: 1.69

The current BDCX Sharpe Ratio is -0.20, which is lower than the USML Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of BDCX and USML, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.20
0.36
BDCX
USML

Dividends

BDCX vs. USML - Dividend Comparison

BDCX's dividend yield for the trailing twelve months is around 16.89%, while USML has not paid dividends to shareholders.


TTM20242023202220212020
BDCX
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN
16.89%15.28%14.71%17.47%11.52%6.32%
USML
ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN
0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

BDCX vs. USML - Drawdown Comparison

The maximum BDCX drawdown since its inception was -34.97%, roughly equal to the maximum USML drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for BDCX and USML. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-20.49%
-14.87%
BDCX
USML

Volatility

BDCX vs. USML - Volatility Comparison

ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 15.41% compared to ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) at 13.55%. This indicates that BDCX's price experiences larger fluctuations and is considered to be riskier than USML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.41%
13.55%
BDCX
USML
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab