BDCX vs. VTV
BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) and VTV (Vanguard Value ETF) are both exchange-traded funds - BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%), while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 5 years, BDCX returned 1.22%/yr vs 11.30%/yr for VTV. A 0.62 correlation means they provide meaningful diversification when combined. BDCX charges 0.95%/yr vs 0.04%/yr for VTV.
Performance
BDCX vs. VTV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BDCX achieves a -11.90% return, which is significantly lower than VTV's 11.91% return.
BDCX
- 1D
- -0.44%
- 1M
- -5.50%
- YTD
- -11.90%
- 6M
- -14.62%
- 1Y
- -18.01%
- 3Y*
- 2.98%
- 5Y*
- 1.22%
- 10Y*
- —
VTV
- 1D
- 0.25%
- 1M
- 2.67%
- YTD
- 11.91%
- 6M
- 13.41%
- 1Y
- 25.49%
- 3Y*
- 17.72%
- 5Y*
- 11.30%
- 10Y*
- 12.42%
BDCX vs. VTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -11.90% | -10.42% | 15.32% | 35.33% | -17.67% | 52.70% | 24.50% |
VTV Vanguard Value ETF | 11.91% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 16.09% |
Correlation
The correlation between BDCX and VTV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.62 |
Over the past year, the correlation between BDCX and VTV has dropped to 0.41 - well below their long-term average of 0.62, 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. VTV — Risk / Return Rank
BDCX
VTV
BDCX vs. VTV - 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 Vanguard Value ETF (VTV). 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.
| BDCX | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -4.41 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.45 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 4.03 | -4.62 |
| Martin ratioReturn relative to average drawdown | -1.04 | 15.20 | -16.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BDCX | VTV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.52 | -3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.82 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.51 | -0.08 |
Drawdowns
BDCX vs. VTV - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for BDCX and VTV.
Loading charts...
Drawdown Indicators
| BDCX | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -59.27% | +24.31% |
Max Drawdown (1Y)Largest decline over 1 year | -30.46% | -6.35% | -24.11% |
Max Drawdown (3Y)Largest decline over 3 years | -33.39% | -14.52% | -18.87% |
Max Drawdown (5Y)Largest decline over 5 years | -34.96% | -17.04% | -17.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.78% | — |
Current DrawdownCurrent decline from peak | -28.40% | -1.11% | -27.29% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -7.87% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.35% | 1.68% | +15.67% |
Volatility
BDCX vs. VTV - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 8.65% compared to Vanguard Value ETF (VTV) at 2.65%. This indicates that BDCX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BDCX | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 2.65% | +6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | 7.67% | +15.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 10.18% | +17.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.59% | 13.89% | +12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 16.68% | +10.26% |
BDCX vs. VTV - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than VTV's 0.04% expense ratio.
Dividends
BDCX vs. VTV - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 20.31%, more than VTV's 1.87% 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 | 20.31% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTV Vanguard Value ETF | 1.87% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
BDCX and VTV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCX has higher volatility (8.65%) compared to VTV (2.65%). In terms of maximum drawdown, BDCX dropped -34.96% vs VTV's -59.27%.
On 5-year performance, VTV leads with 11.30% vs 1.22% for BDCX. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VTV has performed better with a 11.30% return vs 1.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTV is cheaper with a 0.04% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 20.31%, compared with 1.87% for VTV.
BDCX is categorized as Leveraged Equities, while VTV is Large Cap Value Equities. BDCX tracks MVIS US Business Development Companies (150%), while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.95% for BDCX and 0.04% for VTV.
VTV currently has the higher Sharpe Ratio (2.52 vs -0.66), 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 VTV
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