BDCZ vs. PBDC
Compare and contrast key facts about ETRACS MVIS Business Development Companies Index ETN (BDCZ) and Putnam BDC Income ETF (PBDC).
BDCZ and PBDC 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. PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDCZ or PBDC.
Correlation
The correlation between BDCZ and PBDC is 0.20, 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. PBDC - Performance Comparison
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Key characteristics
BDCZ:
9.24%
PBDC:
10.85%
BDCZ:
-0.27%
PBDC:
-0.32%
BDCZ:
0.00%
PBDC:
0.00%
Returns By Period
BDCZ
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PBDC
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BDCZ vs. PBDC - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is lower than PBDC's 6.79% expense ratio.
Risk-Adjusted Performance
BDCZ vs. PBDC — Risk-Adjusted Performance Rank
BDCZ
PBDC
BDCZ vs. PBDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and Putnam BDC Income ETF (PBDC). 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. PBDC - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 10.36%, more than PBDC's 10.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 10.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBDC Putnam BDC Income ETF | 10.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BDCZ vs. PBDC - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -0.27%, smaller than the maximum PBDC drawdown of -0.32%. Use the drawdown chart below to compare losses from any high point for BDCZ and PBDC. For additional features, visit the drawdowns tool.
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Volatility
BDCZ vs. PBDC - Volatility Comparison
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