MLPB vs. BDCX
Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX).
MLPB and BDCX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015. BDCX is a passively managed fund by UBS that tracks the performance of the MVIS US Business Development Companies (150%). It was launched on Jun 2, 2020. Both MLPB and BDCX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MLPB vs. BDCX - Performance Comparison
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MLPB vs. BDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 16.69% | 7.40% | 25.53% | 22.01% | 30.22% | 39.42% | -3.79% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -13.54% | -10.42% | 15.32% | 35.33% | -17.67% | 52.70% | 24.50% |
Returns By Period
In the year-to-date period, MLPB achieves a 16.69% return, which is significantly higher than BDCX's -13.54% return.
MLPB
- 1D
- -1.54%
- 1M
- 1.21%
- YTD
- 16.69%
- 6M
- 20.26%
- 1Y
- 11.98%
- 3Y*
- 22.94%
- 5Y*
- 23.10%
- 10Y*
- 9.55%
BDCX
- 1D
- 3.32%
- 1M
- 1.87%
- YTD
- -13.54%
- 6M
- -13.47%
- 1Y
- -23.11%
- 3Y*
- 4.64%
- 5Y*
- 3.38%
- 10Y*
- —
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MLPB vs. BDCX - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is lower than BDCX's 0.95% expense ratio.
Return for Risk
MLPB vs. BDCX — Risk / Return Rank
MLPB
BDCX
MLPB vs. BDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) 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.
| MLPB | BDCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | -0.72 | +1.36 |
Sortino ratioReturn per unit of downside risk | 0.93 | -0.91 | +1.83 |
Omega ratioGain probability vs. loss probability | 1.14 | 0.89 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.77 | +1.46 |
Martin ratioReturn relative to average drawdown | 1.81 | -1.55 | +3.36 |
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
| MLPB | BDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | -0.72 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 0.13 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.44 | -0.21 |
Correlation
The correlation between MLPB and BDCX is 0.50, 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.
Dividends
MLPB vs. BDCX - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 5.83%, less than BDCX's 22.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.83% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 22.24% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPB vs. BDCX - Drawdown Comparison
The maximum MLPB drawdown since its inception was -71.93%, which is greater than BDCX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for MLPB and BDCX.
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Drawdown Indicators
| MLPB | BDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.93% | -34.96% | -36.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -30.46% | +13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -34.96% | +14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -71.93% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -29.73% | +27.05% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -9.60% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 15.20% | -8.94% |
Volatility
MLPB vs. BDCX - Volatility Comparison
The current volatility for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is 3.72%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 9.44%. This indicates that MLPB 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
| MLPB | BDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 9.44% | -5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 20.78% | -11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 32.13% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 26.00% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 26.63% | +1.47% |