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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTUL or BIZD.
Key characteristics
| MTUL | BIZD | |
|---|---|---|
| YTD Return | 39.90% | 8.93% |
| 1Y Return | 71.86% | 31.69% |
| 3Y Return (Ann) | 5.74% | 11.49% |
| Sharpe Ratio | 2.47 | 3.09 |
| Daily Std Dev | 30.40% | 10.87% |
| Max Drawdown | -56.83% | -55.47% |
| Current Drawdown | -15.02% | -0.70% |
Correlation
The correlation between MTUL and BIZD is 0.51, 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
MTUL vs. BIZD - Performance Comparison
In the year-to-date period, MTUL achieves a 39.90% return, which is significantly higher than BIZD's 8.93% 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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MTUL vs. BIZD - Expense Ratio Comparison
MTUL has a 0.95% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
MTUL vs. BIZD - Risk-Adjusted Performance 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.
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 10.49%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 10.49% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
MTUL vs. BIZD - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, roughly equal to the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for MTUL and BIZD. For additional features, visit the drawdowns tool.
Volatility
MTUL vs. BIZD - Volatility Comparison
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a higher volatility of 12.01% compared to VanEck Vectors BDC Income ETF (BIZD) at 2.91%. 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.