MTUL vs. BIZD
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and VanEck Vectors BDC Income ETF (BIZD).
MTUL and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTUL is a passively managed fund by UBS that tracks the performance of the MSCI USA Momentum Index. It was launched on Feb 5, 2021. BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013. Both MTUL and BIZD 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
MTUL vs. BIZD - Performance Comparison
Loading graphics...
MTUL vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | -5.77% | 27.42% | 58.70% | 10.66% | -37.97% | 7.00% |
BIZD VanEck Vectors BDC Income ETF | -11.26% | -4.96% | 15.63% | 27.02% | -8.51% | 25.13% |
Returns By Period
In the year-to-date period, MTUL achieves a -5.77% return, which is significantly higher than BIZD's -11.26% return.
MTUL
- 1D
- 5.38%
- 1M
- -7.85%
- YTD
- -5.77%
- 6M
- -9.38%
- 1Y
- 23.21%
- 3Y*
- 32.85%
- 5Y*
- 9.76%
- 10Y*
- —
BIZD
- 1D
- -1.69%
- 1M
- -2.45%
- YTD
- -11.26%
- 6M
- -9.63%
- 1Y
- -17.22%
- 3Y*
- 5.73%
- 5Y*
- 5.22%
- 10Y*
- 7.53%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MTUL vs. BIZD - Expense Ratio Comparison
MTUL has a 0.95% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Return for Risk
MTUL vs. BIZD — Risk / Return Rank
MTUL
BIZD
MTUL vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and VanEck Vectors BDC Income ETF (BIZD). 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.
| MTUL | BIZD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | -0.81 | +1.31 |
Sortino ratioReturn per unit of downside risk | 0.98 | -1.05 | +2.03 |
Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.73 | +1.72 |
Martin ratioReturn relative to average drawdown | 3.95 | -1.49 | +5.44 |
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
| MTUL | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | -0.81 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.31 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.30 | -0.14 |
Correlation
The correlation between MTUL and BIZD is 0.48, 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
MTUL vs. BIZD - Dividend Comparison
MTUL has not paid dividends to shareholders, while BIZD's dividend yield for the trailing twelve months is around 14.23%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 14.23% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
Drawdowns
MTUL vs. BIZD - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, roughly equal to the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for MTUL and BIZD.
Loading graphics...
Drawdown Indicators
| MTUL | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.83% | -55.44% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -26.88% | -22.22% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -56.83% | -22.91% | -33.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.44% | — |
Current DrawdownCurrent decline from peak | -12.23% | -21.29% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -6.58% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 10.98% | -4.24% |
Volatility
MTUL vs. BIZD - Volatility Comparison
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a higher volatility of 19.43% compared to VanEck Vectors BDC Income ETF (BIZD) at 6.68%. This indicates that MTUL's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MTUL | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.43% | 6.68% | +12.75% |
Volatility (6M)Calculated over the trailing 6-month period | 34.76% | 14.30% | +20.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.87% | 21.28% | +25.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.02% | 17.17% | +24.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.00% | 21.59% | +21.41% |