BDCZ vs. XLFI
BDCZ (ETRACS MVIS Business Development Companies Index ETN) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BDCZ is a Financials Equities fund tracking the BDCZ-US - MVIS US Business Development Companies Index, while XLFI is a Derivative Income fund actively managed by State Street. BDCZ is passively managed, while XLFI is actively managed. Over the past year, BDCZ returned -10.62% vs 11.31% for XLFI. Their 0.42 correlation means their historical movements had little consistent relationship. BDCZ charges 0.85%/yr vs 0.35%/yr for XLFI.
Performance
BDCZ vs. XLFI - Performance Comparison
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Returns By Period
In the year-to-date period, BDCZ achieves a -6.58% return, which is significantly lower than XLFI's 3.17% return.
BDCZ
- 1D
- -0.16%
- 1M
- -1.29%
- 6M
- -6.46%
- YTD
- -6.58%
- 1Y
- -10.62%
- 3Y*
- 2.54%
- 5Y*
- 3.98%
- 10Y*
- 6.30%
- ALL TIME*
- 5.90%
XLFI
- 1D
- -0.41%
- 1M
- 2.09%
- 6M
- 4.95%
- YTD
- 3.17%
- 1Y
- 11.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.15K | $28.17K | $19.88K | |
| $205.39K | $226.21K | $175.11K |
BDCZ vs. XLFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | -6.58% | -6.56% |
XLFI State Street Financial Select Sector SPDR Premium Income ETF | 3.17% | 5.40% |
Correlation
The correlation between BDCZ and XLFI is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.42 |
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Return for Risk
BDCZ vs. XLFI — Risk / Return Rank
BDCZ
XLFI
BDCZ vs. XLFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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 | XLFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.15 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 0.80 | -1.50 |
| Martin ratioReturn relative to average drawdown | -1.24 | 2.26 | -3.50 |
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Drawdowns
BDCZ vs. XLFI - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.63%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BDCZ and XLFI.
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Drawdown Indicators
| BDCZ | XLFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.63% | -11.89% | -43.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -11.89% | -4.91% |
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 | -16.01% | -1.11% | -14.90% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -3.02% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 4.22% | +5.14% |
Volatility
BDCZ vs. XLFI - Volatility Comparison
ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a higher volatility of 5.90% compared to State Street Financial Select Sector SPDR Premium Income ETF (XLFI) at 2.78%. This indicates that BDCZ's price experiences larger fluctuations and is considered to be riskier than XLFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDCZ | XLFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 2.78% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 9.08% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 11.88% | +10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 11.85% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 11.85% | +10.11% |
BDCZ vs. XLFI - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is higher than XLFI's 0.35% expense ratio.
Dividends
BDCZ vs. XLFI - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 12.12%, more than XLFI's 11.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 12.12% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 7.98% |
XLFI State Street Financial Select Sector SPDR Premium Income ETF | 11.29% | 5.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDCZ and XLFI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCZ has higher volatility (5.90%) compared to XLFI (2.78%). In terms of maximum drawdown, BDCZ dropped -55.63% vs XLFI's -11.89%.
On 1-year performance, XLFI leads with 11.31% vs -10.62% for BDCZ. On fees, XLFI is cheaper at 0.35% per year. On volatility, XLFI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLFI has performed better with a 11.31% return vs -10.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLFI is cheaper with a 0.35% expense ratio, compared with 0.85% for BDCZ.
BDCZ has the higher dividend yield at 12.12%, compared with 11.29% for XLFI.
BDCZ is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: UBS and State Street. Their fees differ too: 0.85% for BDCZ and 0.35% for XLFI.
XLFI currently has the higher Sharpe Ratio (0.81 vs -0.52), 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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