BDCX vs. USML
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML).
BDCX and USML 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. USML is a passively managed fund by UBS that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Feb 4, 2021. Both BDCX and USML 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 USML.
Correlation
The correlation between BDCX and USML is 0.60, 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. USML - Performance Comparison
Key characteristics
BDCX:
-0.10
USML:
0.81
BDCX:
0.06
USML:
1.23
BDCX:
1.01
USML:
1.18
BDCX:
-0.10
USML:
1.07
BDCX:
-0.40
USML:
3.93
BDCX:
7.32%
USML:
5.22%
BDCX:
28.85%
USML:
25.30%
BDCX:
-34.96%
USML:
-35.34%
BDCX:
-16.81%
USML:
-8.53%
Returns By Period
In the year-to-date period, BDCX achieves a -8.30% return, which is significantly lower than USML's 3.76% return.
BDCX
-8.30%
-10.74%
-5.22%
-2.15%
N/A
N/A
USML
3.76%
-5.07%
-1.86%
20.41%
N/A
N/A
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BDCX vs. USML - Expense Ratio Comparison
Both BDCX and USML have an expense ratio of 0.95%.
Risk-Adjusted Performance
BDCX vs. USML — Risk-Adjusted Performance Rank
BDCX
USML
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.
Dividends
BDCX vs. USML - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 18.19%, while USML has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 18.19% | 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 -34.96%, 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.
Volatility
BDCX vs. USML - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 21.16% compared to ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) at 18.58%. 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.