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. At a 0.41 correlation, their price movements are largely independent. 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 -4.99% return, which is significantly lower than XLFI's 1.85% 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%
XLFI
- 1D
- 0.45%
- 1M
- 3.48%
- 6M
- 0.88%
- YTD
- 1.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDCZ vs. XLFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | -4.99% | -6.56% |
XLFI State Street Financial Select Sector SPDR Premium Income ETF | 1.85% | 5.40% |
Correlation
The correlation between BDCZ and XLFI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.41 |
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Return for Risk
BDCZ vs. XLFI — Risk / Return Rank
BDCZ
XLFI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.92 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | — | — |
| Martin ratioReturn relative to average drawdown | -0.99 | — | — |
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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 | -19.95% | — | — |
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% | 0.00% | -14.58% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -3.17% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.04% | — | — |
Volatility
BDCZ vs. XLFI - Volatility Comparison
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Volatility by Period
| BDCZ | XLFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 12.02% | +10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 12.02% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 12.02% | +9.90% |
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 10.92%, less than XLFI's 11.44% 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% |
XLFI State Street Financial Select Sector SPDR Premium Income ETF | 11.44% | 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 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLFI is cheaper with a 0.35% expense ratio, compared with 0.85% for BDCZ.
XLFI has the higher dividend yield at 11.44%, compared with 10.92% for BDCZ.
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.
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