IBTG vs. BDCZ
IBTG (iShares iBonds Dec 2026 Term Treasury ETF) and BDCZ (ETRACS MVIS Business Development Companies Index ETN) are both exchange-traded funds - IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index, while BDCZ is a Financials Equities fund tracking the BDCZ-US - MVIS US Business Development Companies Index. Both are passively managed. Over the past 5 years, IBTG returned 0.84%/yr vs 3.38%/yr for BDCZ. At a correlation of -0.06, they often move in opposite directions. IBTG charges 0.07%/yr vs 0.85%/yr for BDCZ.
Performance
IBTG vs. BDCZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTG achieves a 1.44% return, which is significantly higher than BDCZ's -7.98% return.
IBTG
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.44%
- 6M
- 1.80%
- 1Y
- 4.14%
- 3Y*
- 4.11%
- 5Y*
- 0.84%
- 10Y*
- —
BDCZ
- 1D
- -2.73%
- 1M
- -7.44%
- YTD
- -7.98%
- 6M
- -8.99%
- 1Y
- -10.32%
- 3Y*
- 4.75%
- 5Y*
- 3.38%
- 10Y*
- 6.23%
IBTG vs. BDCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.44% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 3.99% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | -7.98% | -3.72% | 12.22% | 25.31% | -9.12% | 33.97% | -1.24% |
Correlation
The correlation between IBTG and BDCZ is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | -0.06 |
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
IBTG vs. BDCZ — Risk / Return Rank
IBTG
BDCZ
IBTG vs. BDCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) and ETRACS MVIS Business Development Companies Index ETN (BDCZ). 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.
| IBTG | BDCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.02 | -0.51 | +8.52 |
Sortino ratioReturn per unit of downside risk | 20.36 | -0.59 | +20.95 |
Omega ratioGain probability vs. loss probability | 4.40 | 0.93 | +3.47 |
Calmar ratioReturn relative to maximum drawdown | 63.59 | -0.52 | +64.11 |
Martin ratioReturn relative to average drawdown | 256.63 | -0.95 | +257.57 |
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
| IBTG | BDCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.02 | -0.51 | +8.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.19 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.27 | +0.02 |
Drawdowns
IBTG vs. BDCZ - Drawdown Comparison
The maximum IBTG drawdown since its inception was -13.62%, smaller than the maximum BDCZ drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for IBTG and BDCZ.
Loading charts...
Drawdown Indicators
| IBTG | BDCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -55.63% | +42.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -19.95% | +19.88% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -20.77% | +19.44% |
Max Drawdown (5Y)Largest decline over 5 years | -12.31% | -23.12% | +10.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.27% | +17.27% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -7.86% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 10.94% | -10.92% |
Volatility
IBTG vs. BDCZ - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) is 0.12%, while ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a volatility of 8.37%. This indicates that IBTG experiences smaller price fluctuations and is considered to be less risky than BDCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTG | BDCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 8.37% | -8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 17.17% | -16.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.52% | 20.42% | -19.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.27% | 17.80% | -14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 21.73% | -18.28% |
IBTG vs. BDCZ - Expense Ratio Comparison
IBTG has a 0.07% expense ratio, which is lower than BDCZ's 0.85% expense ratio.
Dividends
IBTG vs. BDCZ - Dividend Comparison
IBTG's dividend yield for the trailing twelve months is around 3.96%, less than BDCZ's 11.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 11.28% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 7.98% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.96% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTG and BDCZ have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCZ has higher volatility (8.37%) compared to IBTG (0.12%). In terms of maximum drawdown, IBTG dropped -13.62% vs BDCZ's -55.63%.
On 5-year performance, BDCZ leads with 3.38% vs 0.84% for IBTG. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BDCZ has performed better with a 3.38% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.85% for BDCZ.
BDCZ has the higher dividend yield at 11.28%, compared with 3.96% for IBTG.
IBTG is categorized as Government Bonds, while BDCZ is Financials Equities. IBTG tracks ICE 2026 Maturity US Treasury Index, while BDCZ tracks BDCZ-US - MVIS US Business Development Companies Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.07% for IBTG and 0.85% for BDCZ.
IBTG currently has the higher Sharpe Ratio (8.02 vs -0.51), 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 IBTG and BDCZ
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