BDCZ vs. RSBY

Last updated Jun 24, 2026

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 -10.27% vs 15.73% for RSBY. At a correlation of -0.07, they often move in opposite directions. BDCZ charges 0.85%/yr vs 0.98%/yr for RSBY.

Performance

BDCZ vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS MVIS Business Development Companies Index ETN (BDCZ) and Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDCZ achieves a -8.73% return, which is significantly lower than RSBY's 18.82% return.

BDCZ

• 1D: 0.45%
• 1M: -0.80%
• YTD: -8.73%
• 6M: -6.81%
• 1Y: -10.27%
• 3Y*: 4.71%
• 5Y*: 3.29%
• 10Y*: 6.05%

RSBY

• 1D: 0.44%
• 1M: 1.04%
• YTD: 18.82%
• 6M: 18.84%
• 1Y: 15.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BDCZ vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BDCZ ETRACS MVIS Business Development Companies Index ETN	-8.73%	-3.72%	7.32%
RSBY Return Stacked Bonds & Futures Yield ETF	18.82%	-12.98%	-7.79%

Correlation

The correlation between BDCZ and RSBY is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.07

Return for Risk

BDCZ vs. RSBY — Risk / Return Rank

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

BDCZ

BDCZ Risk / Return Rank: 5
BDCZ Sharpe Ratio Rank: 5
BDCZ Sortino Ratio Rank: 5
BDCZ Omega Ratio Rank: 5
BDCZ Calmar Ratio Rank: 5
BDCZ Martin Ratio Rank: 5

RSBY

RSBY Risk / Return Rank: 40
RSBY Sharpe Ratio Rank: 43
RSBY Sortino Ratio Rank: 43
RSBY Omega Ratio Rank: 39
RSBY Calmar Ratio Rank: 43
RSBY Martin Ratio Rank: 33

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. 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 ratio: Return per unit of total volatility	-0.50	1.41	-1.91
Sortino ratio: Return per unit of downside risk	-0.58	2.04	-2.62
Omega ratio: Gain probability vs. loss probability	0.93	1.24	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.52	1.99	-2.50
Martin ratio: Return relative to average drawdown	-0.89	4.73	-5.63

BDCZ vs. RSBY - Sharpe Ratio Comparison

The current BDCZ Sharpe Ratio is -0.50, which is lower than the RSBY Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of BDCZ and RSBY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	BDCZ	RSBY	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-17.94%	-6.22%	-11.72%
Average Drawdown Average peak-to-trough decline	-7.90%	-13.54%	+5.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.51%	3.34%	+8.17%

Volatility

BDCZ vs. RSBY - Volatility Comparison

ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a higher volatility of 8.44% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 1.87%. 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.

Volatility by Period

	BDCZ	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.44%	1.87%	+6.57%
Volatility (6M) Calculated over the trailing 6-month period	17.35%	8.23%	+9.12%
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	11.32%	+9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	13.40%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	13.40%	+8.36%

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 11.37%, more than RSBY's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BDCZ ETRACS MVIS Business Development Companies Index ETN	11.37%	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	1.74%	2.07%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDCZ and RSBY in my portfolio?

BDCZ and RSBY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BDCZ or RSBY?

BDCZ has higher volatility (8.44%) compared to RSBY (1.87%). In terms of maximum drawdown, BDCZ dropped -55.63% vs RSBY's -23.32%.

Which ETF is better, BDCZ or RSBY?

On 1-year performance, RSBY leads with 15.73% vs -10.27% for BDCZ. On fees, BDCZ is cheaper at 0.85% per year. On volatility, RSBY has been the lower-risk option at 1.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BDCZ or RSBY?

Over the 1-year period, RSBY has performed better with a 15.73% return vs -10.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BDCZ or RSBY?

BDCZ is cheaper with a 0.85% expense ratio, compared with 0.98% for RSBY.

Which ETF pays a higher dividend yield, BDCZ or RSBY?

BDCZ has the higher dividend yield at 11.37%, compared with 1.74% for RSBY.

What is the main difference between BDCZ and 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.

Which has better risk-adjusted returns?

RSBY currently has the higher Sharpe Ratio (1.41 vs -0.50), 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.