IJH vs. BDCX
IJH (iShares Core S&P Mid-Cap ETF) and BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%). Both are passively managed. Over the past 5 years, IJH returned 7.86%/yr vs 1.22%/yr for BDCX. A 0.64 correlation means they provide meaningful diversification when combined. IJH charges 0.05%/yr vs 0.95%/yr for BDCX.
Performance
IJH vs. BDCX - Performance Comparison
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Returns By Period
In the year-to-date period, IJH achieves a 12.55% return, which is significantly higher than BDCX's -11.90% return.
IJH
- 1D
- 0.22%
- 1M
- 0.16%
- YTD
- 12.55%
- 6M
- 12.75%
- 1Y
- 22.98%
- 3Y*
- 15.01%
- 5Y*
- 7.86%
- 10Y*
- 11.12%
BDCX
- 1D
- -0.44%
- 1M
- -5.50%
- YTD
- -11.90%
- 6M
- -14.62%
- 1Y
- -18.01%
- 3Y*
- 2.98%
- 5Y*
- 1.22%
- 10Y*
- —
IJH vs. BDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 12.55% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 25.70% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -11.90% | -10.42% | 15.32% | 35.33% | -17.67% | 52.70% | 24.50% |
Correlation
The correlation between IJH and BDCX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.64 |
The correlation between IJH and BDCX shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IJH vs. BDCX — Risk / Return Rank
IJH
BDCX
IJH vs. BDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) 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.
| IJH | BDCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.91 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | -0.59 | +3.21 |
| Martin ratioReturn relative to average drawdown | 9.55 | -1.04 | +10.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IJH | BDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | -0.66 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.05 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.43 | +0.03 |
Drawdowns
IJH vs. BDCX - Drawdown Comparison
The maximum IJH drawdown since its inception was -55.07%, which is greater than BDCX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for IJH and BDCX.
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Drawdown Indicators
| IJH | BDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.07% | -34.96% | -20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -30.46% | +21.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -33.39% | +9.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | -34.96% | +10.86% |
Max Drawdown (10Y)Largest decline over 10 years | -42.18% | — | — |
Current DrawdownCurrent decline from peak | -1.79% | -28.40% | +26.61% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -10.10% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 17.35% | -14.94% |
Volatility
IJH vs. BDCX - Volatility Comparison
The current volatility for iShares Core S&P Mid-Cap ETF (IJH) is 4.17%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 8.65%. This indicates that IJH 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.
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Volatility by Period
| IJH | BDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 8.65% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 22.81% | -11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 27.60% | -11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 26.59% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 26.94% | -5.75% |
IJH vs. BDCX - Expense Ratio Comparison
IJH has a 0.05% expense ratio, which is lower than BDCX's 0.95% expense ratio.
Dividends
IJH vs. BDCX - Dividend Comparison
IJH's dividend yield for the trailing twelve months is around 1.20%, less than BDCX's 20.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.20% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Frequently Asked Questions
IJH and BDCX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCX has higher volatility (8.65%) compared to IJH (4.17%). In terms of maximum drawdown, IJH dropped -55.07% vs BDCX's -34.96%.
On 5-year performance, IJH leads with 7.86% vs 1.22% for BDCX. On fees, IJH is cheaper at 0.05% per year. On volatility, IJH has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IJH has performed better with a 7.86% return vs 1.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJH is cheaper with a 0.05% expense ratio, compared with 0.95% for BDCX.
BDCX has the higher dividend yield at 20.31%, compared with 1.20% for IJH.
IJH is categorized as Mid Cap Blend Equities, while BDCX is Leveraged Equities. IJH tracks S&P MidCap 400 Index, while BDCX tracks MVIS US Business Development Companies (150%). They also come from different issuers: iShares and UBS. Their fees differ too: 0.05% for IJH and 0.95% for BDCX.
IJH currently has the higher Sharpe Ratio (1.48 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.
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