MLPR vs. BDCZ
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ETRACS MVIS Business Development Companies Index ETN (BDCZ).
MLPR and BDCZ 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. BDCZ is a passively managed fund by UBS that tracks the performance of the BDCZ-US - MVIS US Business Development Companies Index. It was launched on Oct 8, 2015. Both MLPR and BDCZ 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 BDCZ.
Key characteristics
| MLPR | BDCZ | |
|---|---|---|
| YTD Return | 26.78% | 7.74% |
| 1Y Return | 31.81% | 13.72% |
| 3Y Return (Ann) | 31.64% | 7.68% |
| Sharpe Ratio | 1.54 | 1.22 |
| Sortino Ratio | 2.14 | 1.68 |
| Omega Ratio | 1.27 | 1.22 |
| Calmar Ratio | 2.61 | 1.50 |
| Martin Ratio | 7.98 | 4.96 |
| Ulcer Index | 4.09% | 2.76% |
| Daily Std Dev | 21.16% | 11.19% |
| Max Drawdown | -48.98% | -55.62% |
| Current Drawdown | -2.65% | -3.43% |
Correlation
The correlation between MLPR and BDCZ is 0.55, 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. BDCZ - Performance Comparison
In the year-to-date period, MLPR achieves a 26.78% return, which is significantly higher than BDCZ's 7.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MLPR vs. BDCZ - Expense Ratio Comparison
MLPR has a 0.95% expense ratio, which is higher than BDCZ's 0.85% expense ratio.
Risk-Adjusted Performance
MLPR vs. BDCZ - 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 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.
Dividends
MLPR vs. BDCZ - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.94%, more than BDCZ's 9.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.94% | 10.08% | 10.07% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | 9.65% | 9.13% | 11.66% | 7.49% | 10.01% | 8.39% | 9.66% | 8.75% | 7.98% |
Drawdowns
MLPR vs. BDCZ - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum BDCZ drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for MLPR and BDCZ. For additional features, visit the drawdowns tool.
Volatility
MLPR vs. BDCZ - Volatility Comparison
ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a higher volatility of 8.49% compared to ETRACS MVIS Business Development Companies Index ETN (BDCZ) at 3.81%. This indicates that MLPR's price experiences larger fluctuations and is considered to be riskier than BDCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.