BDCX vs. ^GSPC
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDCX or ^GSPC.
Performance
BDCX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, BDCX achieves a 12.53% return, which is significantly lower than ^GSPC's 25.15% return.
BDCX
12.53%
1.38%
1.05%
18.59%
N/A
N/A
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| BDCX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 1.12 | 2.53 |
| Sortino Ratio | 1.56 | 3.39 |
| Omega Ratio | 1.20 | 1.47 |
| Calmar Ratio | 1.36 | 3.65 |
| Martin Ratio | 4.36 | 16.21 |
| Ulcer Index | 4.26% | 1.91% |
| Daily Std Dev | 16.68% | 12.23% |
| Max Drawdown | -34.96% | -56.78% |
| Current Drawdown | -2.54% | -0.53% |
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Correlation
The correlation between BDCX and ^GSPC 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. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
BDCX vs. ^GSPC - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BDCX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BDCX vs. ^GSPC - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 6.31% compared to S&P 500 (^GSPC) at 3.97%. This indicates that BDCX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.