EUAD vs. BDCX
EUAD (Select STOXX Europe Aerospace & Defense ETF) and BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%). Both are passively managed. Over the past year, EUAD returned -1.29% vs -18.01% for BDCX. At a 0.24 correlation, their price movements are largely independent. EUAD charges 0.50%/yr vs 0.95%/yr for BDCX.
Performance
EUAD vs. BDCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUAD achieves a -4.49% return, which is significantly higher than BDCX's -11.90% return.
EUAD
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -4.49%
- 6M
- -3.71%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDCX
- 1D
- -0.44%
- 1M
- -5.50%
- YTD
- -11.90%
- 6M
- -14.62%
- 1Y
- -18.01%
- 3Y*
- 2.98%
- 5Y*
- 1.22%
- 10Y*
- —
EUAD vs. BDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | -4.49% | 74.51% | -3.62% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -11.90% | -10.42% | 3.18% |
Correlation
The correlation between EUAD and BDCX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUAD vs. BDCX — Risk / Return Rank
EUAD
BDCX
EUAD vs. BDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) 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.
| EUAD | BDCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.91 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.59 | +0.53 |
| Martin ratioReturn relative to average drawdown | -0.14 | -1.04 | +0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUAD | BDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | -0.66 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.43 | +0.72 |
Drawdowns
EUAD vs. BDCX - Drawdown Comparison
The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum BDCX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for EUAD and BDCX.
Loading charts...
Drawdown Indicators
| EUAD | BDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -34.96% | +12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -22.04% | -30.46% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.96% | — |
Current DrawdownCurrent decline from peak | -16.65% | -28.40% | +11.75% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -10.10% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 17.35% | -8.21% |
Volatility
EUAD vs. BDCX - Volatility Comparison
Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.32% compared to ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) at 8.65%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier than BDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUAD | BDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 8.65% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 22.81% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 27.60% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.79% | 26.59% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.79% | 26.94% | +2.85% |
EUAD vs. BDCX - Expense Ratio Comparison
EUAD has a 0.50% expense ratio, which is lower than BDCX's 0.95% expense ratio.
Dividends
EUAD vs. BDCX - Dividend Comparison
EUAD's dividend yield for the trailing twelve months is around 0.42%, less than BDCX's 20.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 20.31% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% |
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.42% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUAD and BDCX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (9.32%) compared to BDCX (8.65%). In terms of maximum drawdown, EUAD dropped -22.04% vs BDCX's -34.96%.
On 1-year performance, EUAD leads with -1.29% vs -18.01% for BDCX. On fees, EUAD is cheaper at 0.50% per year. On volatility, BDCX has been the lower-risk option at 8.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EUAD has performed better with a -1.29% return vs -18.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUAD is cheaper with a 0.50% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 20.31%, compared with 0.42% for EUAD.
EUAD is categorized as Aerospace & Defense, while BDCX is Leveraged Equities. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while BDCX tracks MVIS US Business Development Companies (150%). They also come from different issuers: Select Funds and UBS. Their fees differ too: 0.50% for EUAD and 0.95% for BDCX.
EUAD currently has the higher Sharpe Ratio (-0.04 vs -0.66), 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.
Find the right allocation for EUAD and BDCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer