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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDCZ or MTCIX.
Key characteristics
| BDCZ | MTCIX | |
|---|---|---|
| YTD Return | 8.27% | 36.52% |
| 1Y Return | 12.85% | 32.81% |
| 3Y Return (Ann) | 7.85% | -1.86% |
| 5Y Return (Ann) | 9.15% | 10.11% |
| Sharpe Ratio | 1.27 | 1.59 |
| Sortino Ratio | 1.75 | 2.05 |
| Omega Ratio | 1.23 | 1.30 |
| Calmar Ratio | 1.57 | 1.06 |
| Martin Ratio | 5.17 | 7.90 |
| Ulcer Index | 2.76% | 4.50% |
| Daily Std Dev | 11.20% | 22.34% |
| Max Drawdown | -55.62% | -81.20% |
| Current Drawdown | -2.95% | -5.76% |
Correlation
The correlation between BDCZ and MTCIX is 0.39, 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.
Performance
BDCZ vs. MTCIX - Performance Comparison
In the year-to-date period, BDCZ achieves a 8.27% return, which is significantly lower than MTCIX's 36.52% 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. MTCIX - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is lower than MTCIX's 0.88% expense ratio.
Risk-Adjusted Performance
BDCZ vs. MTCIX - Risk-Adjusted Performance 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.
Dividends
BDCZ vs. MTCIX - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 9.60%, while MTCIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 9.60% | 9.13% | 11.66% | 7.49% | 10.01% | 8.39% | 9.66% | 8.75% | 7.98% | 0.00% | 0.00% |
MTCIX MFS Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.62% | 3.31% |
Drawdowns
BDCZ vs. MTCIX - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.62%, smaller than the maximum MTCIX drawdown of -81.20%. Use the drawdown chart below to compare losses from any high point for BDCZ and MTCIX. For additional features, visit the drawdowns tool.
Volatility
BDCZ vs. MTCIX - Volatility Comparison
The current volatility for ETRACS MVIS Business Development Companies Index ETN (BDCZ) is 3.85%, while MFS Technology Fund (MTCIX) has a volatility of 5.41%. 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.