BDCZ vs. FBGX

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS MVIS Business Development Companies Index ETN (BDCZ) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX).

BDCZ and FBGX 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. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. Both BDCZ and FBGX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BDCZ vs. FBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS MVIS Business Development Companies Index ETN (BDCZ) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

BDCZ vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BDCZ ETRACS MVIS Business Development Companies Index ETN	-8.73%	-3.72%	12.22%	25.31%	-9.12%	33.97%	-10.95%	26.00%	-7.64%	0.40%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%

Returns By Period

BDCZ

• 1D: 2.11%
• 1M: 1.43%
• YTD: -8.73%
• 6M: -7.68%
• 1Y: -13.06%
• 3Y*: 5.89%
• 5Y*: 4.84%
• 10Y*: 6.43%

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BDCZ vs. FBGX - Expense Ratio Comparison

BDCZ has a 0.85% expense ratio, which is lower than FBGX's 1.29% expense ratio.

FBGX

UBS AG FI Enhanced Large Cap Growth ETN

BDCZ

ETRACS MVIS Business Development Companies Index ETN

Return for Risk

BDCZ vs. FBGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDCZ

BDCZ Risk / Return Rank: 3
BDCZ Sharpe Ratio Rank: 3
BDCZ Sortino Ratio Rank: 3
BDCZ Omega Ratio Rank: 3
BDCZ Calmar Ratio Rank: 2
BDCZ Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDCZ vs. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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.

	BDCZ	FBGX	Difference
Sharpe ratio Return per unit of total volatility	-0.58	—	—
Sortino ratio Return per unit of downside risk	-0.68	—	—
Omega ratio Gain probability vs. loss probability	0.91	—	—
Calmar ratio Return relative to maximum drawdown	-0.67	—	—
Martin ratio Return relative to average drawdown	-1.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BDCZ	FBGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	—	—

Correlation

The correlation between BDCZ and FBGX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BDCZ vs. FBGX - Dividend Comparison

BDCZ's dividend yield for the trailing twelve months is around 11.88%, while FBGX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BDCZ ETRACS MVIS Business Development Companies Index ETN	11.88%	10.65%	9.26%	9.13%	9.39%	7.49%	10.01%	8.40%	9.66%	8.74%	7.98%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	BDCZ	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.63%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-19.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.63%	—	—
Current Drawdown Current decline from peak	-17.94%	—	—
Average Drawdown Average peak-to-trough decline	-7.75%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.71%	—	—

Volatility

Volatility by Period

	BDCZ	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	—	—