BDCZ vs. BIZD
Compare and contrast key facts about ETRACS MVIS Business Development Companies Index ETN (BDCZ) and VanEck Vectors BDC Income ETF (BIZD).
BDCZ and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDCZ is a passively managed fund by UBS that tracks the performance of the BDCZ-US - MVIS US Business Development Companies Index. It was launched on Oct 8, 2015. BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013. Both BDCZ and BIZD 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: BDCZ or BIZD.
Correlation
The correlation between BDCZ and BIZD is 0.52, 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
BDCZ vs. BIZD - Performance Comparison
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Key characteristics
BDCZ:
-0.13
BIZD:
0.03
BDCZ:
-0.02
BIZD:
0.21
BDCZ:
1.00
BIZD:
1.03
BDCZ:
-0.09
BIZD:
0.06
BDCZ:
-0.33
BIZD:
0.23
BDCZ:
5.37%
BIZD:
5.20%
BDCZ:
17.94%
BIZD:
17.81%
BDCZ:
-55.62%
BIZD:
-55.47%
BDCZ:
-11.85%
BIZD:
-11.65%
Returns By Period
The year-to-date returns for both investments are quite close, with BDCZ having a -5.59% return and BIZD slightly higher at -5.33%.
BDCZ
-5.59%
5.89%
-2.11%
-2.61%
17.46%
N/A
BIZD
-5.33%
5.79%
-0.94%
0.19%
19.13%
8.67%
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BDCZ vs. BIZD - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
BDCZ vs. BIZD — Risk-Adjusted Performance Rank
BDCZ
BIZD
BDCZ vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and VanEck Vectors BDC Income ETF (BIZD). 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.
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Dividends
BDCZ vs. BIZD - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 10.36%, less than BIZD's 11.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 10.36% | 9.26% | 9.13% | 11.66% | 7.49% | 10.01% | 8.39% | 9.66% | 8.75% | 7.98% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 11.68% | 10.94% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% |
Drawdowns
BDCZ vs. BIZD - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.62%, roughly equal to the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for BDCZ and BIZD. For additional features, visit the drawdowns tool.
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Volatility
BDCZ vs. BIZD - Volatility Comparison
ETRACS MVIS Business Development Companies Index ETN (BDCZ) and VanEck Vectors BDC Income ETF (BIZD) have volatilities of 7.07% and 6.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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