MTCIX vs. BDCZ
Compare and contrast key facts about MFS Technology Fund (MTCIX) and ETRACS MVIS Business Development Companies Index ETN (BDCZ).
MTCIX is managed by MFS. It was launched on Jan 1, 1997. 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.
Performance
MTCIX vs. BDCZ - Performance Comparison
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MTCIX vs. BDCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | -14.15% | 16.39% | 56.76% | 54.42% | -36.18% | 14.11% | 46.45% | 38.84% | 1.85% | 38.78% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | -8.73% | -3.72% | 12.22% | 25.31% | -9.12% | 33.97% | -10.95% | 26.00% | -7.64% | 0.40% |
Returns By Period
In the year-to-date period, MTCIX achieves a -14.15% return, which is significantly lower than BDCZ's -8.73% return. Over the past 10 years, MTCIX has outperformed BDCZ with an annualized return of 18.56%, while BDCZ has yielded a comparatively lower 6.43% annualized return.
MTCIX
- 1D
- -1.17%
- 1M
- -9.04%
- YTD
- -14.15%
- 6M
- -11.52%
- 1Y
- 13.36%
- 3Y*
- 27.60%
- 5Y*
- 12.01%
- 10Y*
- 18.56%
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%
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MTCIX vs. BDCZ - Expense Ratio Comparison
MTCIX has a 0.88% expense ratio, which is higher than BDCZ's 0.85% expense ratio.
Return for Risk
MTCIX vs. BDCZ — Risk / Return Rank
MTCIX
BDCZ
MTCIX vs. BDCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Technology Fund (MTCIX) 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.
| MTCIX | BDCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | -0.58 | +1.09 |
Sortino ratioReturn per unit of downside risk | 0.91 | -0.68 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.12 | 0.91 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | -0.67 | +1.20 |
Martin ratioReturn relative to average drawdown | 1.80 | -1.38 | +3.18 |
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
| MTCIX | BDCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | -0.58 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.28 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.30 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.27 | +0.07 |
Correlation
The correlation between MTCIX and BDCZ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MTCIX vs. BDCZ - Dividend Comparison
MTCIX's dividend yield for the trailing twelve months is around 15.97%, more than BDCZ's 11.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 15.97% | 13.71% | 26.78% | 9.66% | 10.35% | 11.58% | 4.97% | 3.87% | 4.97% | 3.51% | 1.84% | 3.62% |
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% | 0.00% |
Drawdowns
MTCIX vs. BDCZ - Drawdown Comparison
The maximum MTCIX drawdown since its inception was -82.78%, which is greater than BDCZ's maximum drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for MTCIX and BDCZ.
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Drawdown Indicators
| MTCIX | BDCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.78% | -55.63% | -27.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.59% | -19.95% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -42.74% | -23.12% | -19.62% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -55.63% | +12.89% |
Current DrawdownCurrent decline from peak | -18.59% | -17.94% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -30.02% | -7.75% | -22.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 9.71% | -4.19% |
Volatility
MTCIX vs. BDCZ - Volatility Comparison
MFS Technology Fund (MTCIX) has a higher volatility of 6.97% compared to ETRACS MVIS Business Development Companies Index ETN (BDCZ) at 5.99%. This indicates that MTCIX'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.
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Volatility by Period
| MTCIX | BDCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 5.99% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 16.22% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.72% | 22.66% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.29% | 17.43% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.91% | 21.56% | +2.35% |