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CEFD vs. BDCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CEFD and BDCX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

CEFD vs. BDCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%NovemberDecember2025FebruaryMarchApril
30.21%
122.12%
CEFD
BDCX

Key characteristics

Sharpe Ratio

CEFD:

0.51

BDCX:

-0.10

Sortino Ratio

CEFD:

0.81

BDCX:

0.05

Omega Ratio

CEFD:

1.13

BDCX:

1.01

Calmar Ratio

CEFD:

0.48

BDCX:

-0.10

Martin Ratio

CEFD:

2.29

BDCX:

-0.41

Ulcer Index

CEFD:

4.78%

BDCX:

7.24%

Daily Std Dev

CEFD:

21.61%

BDCX:

28.84%

Max Drawdown

CEFD:

-36.95%

BDCX:

-34.96%

Current Drawdown

CEFD:

-13.32%

BDCX:

-17.49%

Returns By Period

In the year-to-date period, CEFD achieves a -5.32% return, which is significantly higher than BDCX's -9.06% return.


CEFD

YTD

-5.32%

1M

-7.51%

6M

-6.10%

1Y

9.87%

5Y*

N/A

10Y*

N/A

BDCX

YTD

-9.06%

1M

-11.67%

6M

-6.58%

1Y

-3.96%

5Y*

N/A

10Y*

N/A

*Annualized

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CEFD vs. BDCX - Expense Ratio Comparison

Both CEFD and BDCX have an expense ratio of 0.95%.


Expense ratio chart for CEFD: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CEFD: 0.95%
Expense ratio chart for BDCX: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BDCX: 0.95%

Risk-Adjusted Performance

CEFD vs. BDCX — Risk-Adjusted Performance Rank

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

CEFD
The Risk-Adjusted Performance Rank of CEFD is 6262
Overall Rank
The Sharpe Ratio Rank of CEFD is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of CEFD is 5959
Sortino Ratio Rank
The Omega Ratio Rank of CEFD is 6666
Omega Ratio Rank
The Calmar Ratio Rank of CEFD is 6262
Calmar Ratio Rank
The Martin Ratio Rank of CEFD is 6565
Martin Ratio Rank

BDCX
The Risk-Adjusted Performance Rank of BDCX is 1717
Overall Rank
The Sharpe Ratio Rank of BDCX is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of BDCX is 1919
Sortino Ratio Rank
The Omega Ratio Rank of BDCX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of BDCX is 1515
Calmar Ratio Rank
The Martin Ratio Rank of BDCX is 1515
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CEFD vs. BDCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX). 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.


The chart of Sharpe ratio for CEFD, currently valued at 0.51, compared to the broader market-1.000.001.002.003.004.00
CEFD: 0.51
BDCX: -0.10
The chart of Sortino ratio for CEFD, currently valued at 0.81, compared to the broader market-2.000.002.004.006.008.00
CEFD: 0.81
BDCX: 0.05
The chart of Omega ratio for CEFD, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
CEFD: 1.13
BDCX: 1.01
The chart of Calmar ratio for CEFD, currently valued at 0.48, compared to the broader market0.002.004.006.008.0010.0012.00
CEFD: 0.48
BDCX: -0.10
The chart of Martin ratio for CEFD, currently valued at 2.29, compared to the broader market0.0020.0040.0060.00
CEFD: 2.29
BDCX: -0.41

The current CEFD Sharpe Ratio is 0.51, which is higher than the BDCX Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of CEFD and BDCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.51
-0.10
CEFD
BDCX

Dividends

CEFD vs. BDCX - Dividend Comparison

CEFD's dividend yield for the trailing twelve months is around 16.49%, less than BDCX's 18.34% yield.


TTM20242023202220212020
CEFD
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN
16.49%13.90%14.76%16.57%10.31%5.37%
BDCX
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN
18.34%15.28%14.71%17.47%11.52%6.32%

Drawdowns

CEFD vs. BDCX - Drawdown Comparison

The maximum CEFD drawdown since its inception was -36.95%, which is greater than BDCX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for CEFD and BDCX. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-13.32%
-17.49%
CEFD
BDCX

Volatility

CEFD vs. BDCX - Volatility Comparison

The current volatility for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) is 17.18%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 21.11%. This indicates that CEFD experiences smaller price fluctuations and is considered to be less risky than BDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
17.18%
21.11%
CEFD
BDCX