USML vs. BDCX
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX).
USML and BDCX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USML is a passively managed fund by UBS that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Feb 4, 2021. BDCX is a passively managed fund by UBS that tracks the performance of the MVIS US Business Development Companies (150%). It was launched on Jun 2, 2020. Both USML and BDCX 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: USML or BDCX.
Key characteristics
| USML | BDCX | |
|---|---|---|
| YTD Return | 30.02% | 10.00% |
| 1Y Return | 51.44% | 26.76% |
| 3Y Return (Ann) | 6.65% | 7.05% |
| Sharpe Ratio | 3.39 | 1.68 |
| Sortino Ratio | 4.32 | 2.25 |
| Omega Ratio | 1.58 | 1.30 |
| Calmar Ratio | 2.02 | 2.03 |
| Martin Ratio | 20.81 | 6.84 |
| Ulcer Index | 2.57% | 4.04% |
| Daily Std Dev | 15.80% | 16.42% |
| Max Drawdown | -35.34% | -34.96% |
| Current Drawdown | -4.84% | -4.74% |
Correlation
The correlation between USML and BDCX is 0.53, 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
USML vs. BDCX - Performance Comparison
In the year-to-date period, USML achieves a 30.02% return, which is significantly higher than BDCX's 10.00% 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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USML vs. BDCX - Expense Ratio Comparison
Both USML and BDCX have an expense ratio of 0.95%.
Risk-Adjusted Performance
USML vs. BDCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX). 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
USML vs. BDCX - Dividend Comparison
USML has not paid dividends to shareholders, while BDCX's dividend yield for the trailing twelve months is around 16.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 16.02% | 14.71% | 17.47% | 11.52% | 6.32% |
Drawdowns
USML vs. BDCX - Drawdown Comparison
The maximum USML drawdown since its inception was -35.34%, roughly equal to the maximum BDCX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for USML and BDCX. For additional features, visit the drawdowns tool.
Volatility
USML vs. BDCX - Volatility Comparison
The current volatility for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is 4.77%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 5.03%. This indicates that USML experiences smaller price fluctuations and is considered to be less risky than BDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.