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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTCIX or BDCZ.
Performance
MTCIX vs. BDCZ - Performance Comparison
Returns By Period
In the year-to-date period, MTCIX achieves a 34.34% return, which is significantly higher than BDCZ's 10.24% return.
MTCIX
34.34%
4.02%
12.05%
28.32%
9.72%
12.35%
BDCZ
10.24%
1.03%
1.65%
14.51%
9.55%
N/A
Key characteristics
| MTCIX | BDCZ | |
|---|---|---|
| Sharpe Ratio | 1.27 | 1.31 |
| Sortino Ratio | 1.69 | 1.78 |
| Omega Ratio | 1.25 | 1.24 |
| Calmar Ratio | 0.84 | 1.59 |
| Martin Ratio | 6.27 | 5.21 |
| Ulcer Index | 4.52% | 2.78% |
| Daily Std Dev | 22.37% | 11.04% |
| Max Drawdown | -81.20% | -55.62% |
| Current Drawdown | -7.26% | -1.19% |
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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.
Correlation
The correlation between MTCIX and BDCZ is 0.39, 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.
Risk-Adjusted Performance
MTCIX vs. BDCZ - Risk-Adjusted Performance 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.
Dividends
MTCIX vs. BDCZ - Dividend Comparison
MTCIX has not paid dividends to shareholders, while BDCZ's dividend yield for the trailing twelve months is around 9.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.62% | 3.31% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | 9.43% | 9.13% | 11.66% | 7.49% | 10.01% | 8.39% | 9.66% | 8.75% | 7.98% | 0.00% | 0.00% |
Drawdowns
MTCIX vs. BDCZ - Drawdown Comparison
The maximum MTCIX drawdown since its inception was -81.20%, which is greater than BDCZ's maximum drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for MTCIX and BDCZ. For additional features, visit the drawdowns tool.
Volatility
MTCIX vs. BDCZ - Volatility Comparison
MFS Technology Fund (MTCIX) has a higher volatility of 5.90% compared to ETRACS MVIS Business Development Companies Index ETN (BDCZ) at 3.72%. 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.