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.
Performance
MLPR vs. BDCZ - Performance Comparison
Loading graphics...
MLPR vs. BDCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.29% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -9.51% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | -8.73% | -3.72% | 12.22% | 25.31% | -9.12% | 33.97% | 17.36% |
Returns By Period
In the year-to-date period, MLPR achieves a 24.29% return, which is significantly higher than BDCZ's -8.73% return.
MLPR
- 1D
- -1.21%
- 1M
- 1.32%
- YTD
- 24.29%
- 6M
- 30.59%
- 1Y
- 15.78%
- 3Y*
- 32.28%
- 5Y*
- 32.14%
- 10Y*
- —
BDCZ
- 1D
- 2.11%
- 1M
- 1.43%
- YTD
- -8.73%
- 6M
- -7.68%
- 1Y
- -13.06%
- 3Y*
- 5.89%
- 5Y*
- 4.84%
- 10Y*
- 6.43%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MLPR vs. BDCZ - Expense Ratio Comparison
MLPR has a 0.95% expense ratio, which is higher than BDCZ's 0.85% expense ratio.
Return for Risk
MLPR vs. BDCZ — Risk / Return Rank
MLPR
BDCZ
MLPR vs. BDCZ - Risk-Adjusted Trends 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.
| MLPR | BDCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | -0.58 | +1.14 |
Sortino ratioReturn per unit of downside risk | 0.86 | -0.68 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.13 | 0.91 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.67 | +1.29 |
Martin ratioReturn relative to average drawdown | 1.44 | -1.38 | +2.82 |
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 graphics...
Sharpe Ratios by Period
| MLPR | BDCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.58 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.28 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.27 | +0.66 |
Correlation
The correlation between MLPR and BDCZ 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
MLPR vs. BDCZ - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.14%, less than BDCZ's 11.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.14% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | 11.88% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 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 -55.63%. Use the drawdown chart below to compare losses from any high point for MLPR and BDCZ.
Loading graphics...
Drawdown Indicators
| MLPR | BDCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -55.63% | +6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -24.45% | -19.95% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -23.12% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.63% | — |
Current DrawdownCurrent decline from peak | -4.17% | -17.94% | +13.77% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -7.75% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | 9.71% | +0.82% |
Volatility
MLPR vs. BDCZ - Volatility Comparison
The current volatility for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) is 4.93%, while ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a volatility of 5.99%. This indicates that MLPR 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 graphics...
Volatility by Period
| MLPR | BDCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 5.99% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 16.22% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 22.66% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 17.43% | +12.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.01% | 21.56% | +12.45% |