BDCX vs. VOO
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and Vanguard S&P 500 ETF (VOO).
BDCX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BDCX and VOO 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 VOO.
Performance
BDCX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, BDCX achieves a 11.24% return, which is significantly lower than VOO's 25.48% return.
BDCX
11.24%
-2.28%
-0.90%
17.51%
N/A
N/A
VOO
25.48%
0.99%
11.84%
31.84%
15.62%
13.15%
Key characteristics
| BDCX | VOO | |
|---|---|---|
| Sharpe Ratio | 1.10 | 2.69 |
| Sortino Ratio | 1.53 | 3.59 |
| Omega Ratio | 1.20 | 1.50 |
| Calmar Ratio | 1.34 | 3.89 |
| Martin Ratio | 4.31 | 17.64 |
| Ulcer Index | 4.25% | 1.86% |
| Daily Std Dev | 16.61% | 12.20% |
| Max Drawdown | -34.96% | -33.99% |
| Current Drawdown | -3.66% | -1.40% |
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BDCX vs. VOO - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between BDCX and VOO 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.
Risk-Adjusted Performance
BDCX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 15.85%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 15.85% | 14.71% | 17.46% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BDCX vs. VOO - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BDCX and VOO. For additional features, visit the drawdowns tool.
Volatility
BDCX vs. VOO - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 6.31% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that BDCX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.