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.
Key characteristics
| BDCZ | BIZD | |
|---|---|---|
| YTD Return | 7.74% | 10.10% |
| 1Y Return | 13.72% | 16.42% |
| 3Y Return (Ann) | 7.68% | 8.49% |
| 5Y Return (Ann) | 9.02% | 10.89% |
| Sharpe Ratio | 1.22 | 1.51 |
| Sortino Ratio | 1.68 | 2.05 |
| Omega Ratio | 1.22 | 1.27 |
| Calmar Ratio | 1.50 | 1.88 |
| Martin Ratio | 4.96 | 7.01 |
| Ulcer Index | 2.76% | 2.35% |
| Daily Std Dev | 11.19% | 10.93% |
| Max Drawdown | -55.62% | -55.47% |
| Current Drawdown | -3.43% | -2.23% |
Correlation
The correlation between BDCZ and BIZD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BDCZ vs. BIZD - Performance Comparison
In the year-to-date period, BDCZ achieves a 7.74% return, which is significantly lower than BIZD's 10.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
BDCZ vs. BIZD - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 9.65%, less than BIZD's 11.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 9.65% | 9.13% | 11.66% | 7.49% | 10.01% | 8.39% | 9.66% | 8.75% | 7.98% | 0.00% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 11.34% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
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.
Volatility
BDCZ vs. BIZD - Volatility Comparison
ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a higher volatility of 3.81% compared to VanEck Vectors BDC Income ETF (BIZD) at 3.59%. This indicates that BDCZ's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.