MLPR vs. BDCX
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX).
MLPR and BDCX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. 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 MLPR 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPR or BDCX.
Correlation
The correlation between MLPR and BDCX is 0.47, 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.
Performance
MLPR vs. BDCX - Performance Comparison
Key characteristics
MLPR:
0.57
BDCX:
-0.10
MLPR:
0.92
BDCX:
0.06
MLPR:
1.13
BDCX:
1.01
MLPR:
0.73
BDCX:
-0.10
MLPR:
2.82
BDCX:
-0.40
MLPR:
6.32%
BDCX:
7.32%
MLPR:
31.15%
BDCX:
28.85%
MLPR:
-48.98%
BDCX:
-34.96%
MLPR:
-11.90%
BDCX:
-16.81%
Returns By Period
In the year-to-date period, MLPR achieves a 6.17% return, which is significantly higher than BDCX's -8.30% return.
MLPR
6.17%
-10.47%
13.61%
17.36%
N/A
N/A
BDCX
-8.30%
-10.74%
-5.22%
-2.15%
N/A
N/A
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MLPR vs. BDCX - Expense Ratio Comparison
Both MLPR and BDCX have an expense ratio of 0.95%.
Risk-Adjusted Performance
MLPR vs. BDCX — Risk-Adjusted Performance Rank
MLPR
BDCX
MLPR vs. BDCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) 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.
Dividends
MLPR vs. BDCX - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 10.25%, less than BDCX's 18.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 10.25% | 9.57% | 10.08% | 10.07% | 10.69% | 4.21% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 18.19% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% |
Drawdowns
MLPR vs. BDCX - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, which is greater than BDCX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for MLPR and BDCX. For additional features, visit the drawdowns tool.
Volatility
MLPR vs. BDCX - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) have volatilities of 20.66% and 21.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.