BDCZ vs. RSBY
BDCZ (ETRACS MVIS Business Development Companies Index ETN) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - BDCZ is a Financials Equities fund tracking the BDCZ-US - MVIS US Business Development Companies Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. BDCZ is passively managed, while RSBY is actively managed. Over the past year, BDCZ returned -11.86% vs 16.72% for RSBY. At a correlation of -0.05, they often move in opposite directions. BDCZ charges 0.85%/yr vs 0.98%/yr for RSBY.
Performance
BDCZ vs. RSBY - Performance Comparison
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Returns By Period
In the year-to-date period, BDCZ achieves a -4.99% return, which is significantly lower than RSBY's 17.89% return.
BDCZ
- 1D
- 1.54%
- 1M
- 1.10%
- 6M
- -3.76%
- YTD
- -4.99%
- 1Y
- -11.86%
- 3Y*
- 4.10%
- 5Y*
- 4.18%
- 10Y*
- 6.24%
RSBY
- 1D
- -0.53%
- 1M
- -1.24%
- 6M
- 17.58%
- YTD
- 17.89%
- 1Y
- 16.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDCZ vs. RSBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | -4.99% | -3.72% | 7.32% |
RSBY Return Stacked Bonds & Futures Yield ETF | 17.89% | -12.98% | -7.79% |
Correlation
The correlation between BDCZ and RSBY is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | -0.05 |
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Return for Risk
BDCZ vs. RSBY — Risk / Return Rank
BDCZ
RSBY
BDCZ vs. RSBY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and Return Stacked Bonds & Futures Yield ETF (RSBY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BDCZ | RSBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.11 | -2.71 |
| Martin ratioReturn relative to average drawdown | -0.99 | 4.94 | -5.92 |
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Drawdowns
BDCZ vs. RSBY - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.63%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for BDCZ and RSBY.
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Drawdown Indicators
| BDCZ | RSBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.63% | -23.32% | -32.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -7.95% | -12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.63% | — | — |
Current DrawdownCurrent decline from peak | -14.58% | -6.95% | -7.63% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -13.33% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.04% | 3.40% | +8.64% |
Volatility
BDCZ vs. RSBY - Volatility Comparison
ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a higher volatility of 8.97% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.12%. This indicates that BDCZ's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDCZ | RSBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 3.12% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 18.65% | 8.38% | +10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 11.41% | +10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 13.37% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 13.37% | +8.55% |
BDCZ vs. RSBY - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is lower than RSBY's 0.98% expense ratio.
Dividends
BDCZ vs. RSBY - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 10.92%, more than RSBY's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 10.92% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 7.98% |
RSBY Return Stacked Bonds & Futures Yield ETF | 1.76% | 2.07% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDCZ and RSBY have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCZ has higher volatility (8.97%) compared to RSBY (3.12%). In terms of maximum drawdown, BDCZ dropped -55.63% vs RSBY's -23.32%.
On 1-year performance, RSBY leads with 16.72% vs -11.86% for BDCZ. On fees, BDCZ is cheaper at 0.85% per year. On volatility, RSBY has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RSBY has performed better with a 16.72% return vs -11.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BDCZ is cheaper with a 0.85% expense ratio, compared with 0.98% for RSBY.
BDCZ has the higher dividend yield at 10.92%, compared with 1.76% for RSBY.
BDCZ is categorized as Financials Equities, while RSBY is Multistrategy. They also come from different issuers: UBS and Return Stacked. Their fees differ too: 0.85% for BDCZ and 0.98% for RSBY.
RSBY currently has the higher Sharpe Ratio (1.48 vs -0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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