BDCZ vs. MTCIX
Compare and contrast key facts about ETRACS MVIS Business Development Companies Index ETN (BDCZ) and MFS Technology Fund (MTCIX).
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. MTCIX is managed by MFS. It was launched on Jan 1, 1997.
Performance
BDCZ vs. MTCIX - Performance Comparison
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BDCZ vs. MTCIX - 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% |
MTCIX MFS Technology Fund | -14.15% | 16.39% | 56.76% | 54.42% | -36.18% | 14.11% | 46.45% | 38.84% | 1.85% | 38.78% |
Returns By Period
In the year-to-date period, BDCZ achieves a -8.73% return, which is significantly higher than MTCIX's -14.15% return. Over the past 10 years, BDCZ has underperformed MTCIX with an annualized return of 6.43%, while MTCIX has yielded a comparatively higher 18.56% annualized return.
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%
MTCIX
- 1D
- -1.17%
- 1M
- -9.04%
- YTD
- -14.15%
- 6M
- -11.52%
- 1Y
- 13.36%
- 3Y*
- 27.60%
- 5Y*
- 12.01%
- 10Y*
- 18.56%
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BDCZ vs. MTCIX - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is lower than MTCIX's 0.88% expense ratio.
Return for Risk
BDCZ vs. MTCIX — Risk / Return Rank
BDCZ
MTCIX
BDCZ vs. MTCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and MFS Technology Fund (MTCIX). 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 | MTCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.58 | 0.52 | -1.09 |
Sortino ratioReturn per unit of downside risk | -0.68 | 0.91 | -1.58 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.12 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.53 | -1.20 |
Martin ratioReturn relative to average drawdown | -1.38 | 1.80 | -3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDCZ | MTCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 0.52 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.48 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.78 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.35 | -0.07 |
Correlation
The correlation between BDCZ and MTCIX is 0.34, 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. MTCIX - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 11.88%, less than MTCIX's 15.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MTCIX MFS Technology Fund | 15.97% | 13.71% | 26.78% | 9.66% | 10.35% | 11.58% | 4.97% | 3.87% | 4.97% | 3.51% | 1.84% | 3.62% |
Drawdowns
BDCZ vs. MTCIX - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.63%, smaller than the maximum MTCIX drawdown of -82.78%. Use the drawdown chart below to compare losses from any high point for BDCZ and MTCIX.
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Drawdown Indicators
| BDCZ | MTCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.63% | -82.78% | +27.15% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -18.59% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -42.74% | +19.62% |
Max Drawdown (10Y)Largest decline over 10 years | -55.63% | -42.74% | -12.89% |
Current DrawdownCurrent decline from peak | -17.94% | -18.59% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -30.02% | +22.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.71% | 5.52% | +4.19% |
Volatility
BDCZ vs. MTCIX - Volatility Comparison
The current volatility for ETRACS MVIS Business Development Companies Index ETN (BDCZ) is 5.99%, while MFS Technology Fund (MTCIX) has a volatility of 6.97%. This indicates that BDCZ experiences smaller price fluctuations and is considered to be less risky than MTCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDCZ | MTCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.97% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 16.00% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.66% | 25.72% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 25.29% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 23.91% | -2.35% |