BDCZ vs. SMH
Compare and contrast key facts about ETRACS MVIS Business Development Companies Index ETN (BDCZ) and VanEck Vectors Semiconductor ETF (SMH).
BDCZ and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both BDCZ and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDCZ or SMH.
Key characteristics
| BDCZ | SMH | |
|---|---|---|
| YTD Return | 8.22% | 48.30% |
| 1Y Return | 14.66% | 72.60% |
| 3Y Return (Ann) | 7.85% | 21.36% |
| 5Y Return (Ann) | 9.23% | 34.34% |
| Sharpe Ratio | 1.37 | 2.10 |
| Sortino Ratio | 1.86 | 2.59 |
| Omega Ratio | 1.25 | 1.35 |
| Calmar Ratio | 1.68 | 2.91 |
| Martin Ratio | 5.58 | 8.05 |
| Ulcer Index | 2.74% | 8.98% |
| Daily Std Dev | 11.20% | 34.46% |
| Max Drawdown | -55.62% | -95.73% |
| Current Drawdown | -3.00% | -7.80% |
Correlation
The correlation between BDCZ and SMH is 0.36, 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. SMH - Performance Comparison
In the year-to-date period, BDCZ achieves a 8.22% return, which is significantly lower than SMH's 48.30% 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. SMH - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
BDCZ vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 9.60%, more than SMH's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.40% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
BDCZ vs. SMH - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.62%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for BDCZ and SMH. For additional features, visit the drawdowns tool.
Volatility
BDCZ vs. SMH - Volatility Comparison
The current volatility for ETRACS MVIS Business Development Companies Index ETN (BDCZ) is 3.79%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 9.32%. This indicates that BDCZ experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.