RSBY vs. BDCZ
RSBY (Return Stacked Bonds & Futures Yield ETF) and BDCZ (ETRACS MVIS Business Development Companies Index ETN) are both exchange-traded funds - RSBY is a Multistrategy fund actively managed by Return Stacked, while BDCZ is a Financials Equities fund tracking the BDCZ-US - MVIS US Business Development Companies Index. RSBY is actively managed, while BDCZ is passively managed. Over the past year, RSBY returned 20.50% vs -10.32% for BDCZ. At a correlation of -0.08, they often move in opposite directions. RSBY charges 0.98%/yr vs 0.85%/yr for BDCZ.
Performance
RSBY vs. BDCZ - Performance Comparison
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Returns By Period
In the year-to-date period, RSBY achieves a 18.98% return, which is significantly higher than BDCZ's -7.98% return.
RSBY
- 1D
- 0.63%
- 1M
- -2.54%
- YTD
- 18.98%
- 6M
- 14.31%
- 1Y
- 20.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDCZ
- 1D
- -2.73%
- 1M
- -7.44%
- YTD
- -7.98%
- 6M
- -8.99%
- 1Y
- -10.32%
- 3Y*
- 4.75%
- 5Y*
- 3.38%
- 10Y*
- 6.23%
RSBY vs. BDCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RSBY Return Stacked Bonds & Futures Yield ETF | 18.98% | -12.98% | -7.90% |
BDCZ ETRACS MVIS Business Development Companies Index ETN | -7.98% | -3.72% | 6.79% |
Correlation
The correlation between RSBY and BDCZ is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | -0.08 |
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Return for Risk
RSBY vs. BDCZ — Risk / Return Rank
RSBY
BDCZ
RSBY vs. BDCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Futures Yield ETF (RSBY) 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.
| RSBY | BDCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.93 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.52 | +3.11 |
| Martin ratioReturn relative to average drawdown | 6.07 | -0.95 | +7.01 |
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
| RSBY | BDCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | -0.51 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.27 | -0.47 |
Drawdowns
RSBY vs. BDCZ - Drawdown Comparison
The maximum RSBY drawdown since its inception was -23.32%, smaller than the maximum BDCZ drawdown of -55.63%. Use the drawdown chart below to compare losses from any high point for RSBY and BDCZ.
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Drawdown Indicators
| RSBY | BDCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.32% | -55.63% | +32.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -19.95% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.63% | — |
Current DrawdownCurrent decline from peak | -6.09% | -17.27% | +11.18% |
Average DrawdownAverage peak-to-trough decline | -13.79% | -7.86% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 10.94% | -7.55% |
Volatility
RSBY vs. BDCZ - Volatility Comparison
The current volatility for Return Stacked Bonds & Futures Yield ETF (RSBY) is 2.11%, while ETRACS MVIS Business Development Companies Index ETN (BDCZ) has a volatility of 8.37%. This indicates that RSBY 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.
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Volatility by Period
| RSBY | BDCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 8.37% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 17.17% | -8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 20.42% | -8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 17.80% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.56% | 21.73% | -8.17% |
RSBY vs. BDCZ - Expense Ratio Comparison
RSBY has a 0.98% expense ratio, which is higher than BDCZ's 0.85% expense ratio.
Dividends
RSBY vs. BDCZ - Dividend Comparison
RSBY's dividend yield for the trailing twelve months is around 1.74%, less than BDCZ's 11.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 11.28% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 7.98% |
RSBY Return Stacked Bonds & Futures Yield ETF | 1.74% | 2.07% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSBY and BDCZ have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCZ has higher volatility (8.37%) compared to RSBY (2.11%). In terms of maximum drawdown, RSBY dropped -23.32% vs BDCZ's -55.63%.
On 1-year performance, RSBY leads with 20.50% vs -10.32% for BDCZ. On fees, BDCZ is cheaper at 0.85% per year. On volatility, RSBY has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RSBY has performed better with a 20.50% return vs -10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BDCZ is cheaper with a 0.85% expense ratio, compared with 0.98% for RSBY.
BDCZ has the higher dividend yield at 11.28%, compared with 1.74% for RSBY.
RSBY is categorized as Multistrategy, while BDCZ is Financials Equities. They also come from different issuers: Return Stacked and UBS. Their fees differ too: 0.98% for RSBY and 0.85% for BDCZ.
RSBY currently has the higher Sharpe Ratio (1.75 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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