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ETFs

ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN due June 10, 2050

BDCX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jun 02 2020
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$121,817
AUM
$28,800,000
Associated Index
MVIS US Business Development Companies Index
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with BDCX

What is BDCX?

The ETRACS MVIS Business Development Companies Index ETN is designed to track an investment in the MVIS US Business Development Companies Index ("Index"), and may pay a variable quarterly coupon linked to the cash distributions associated with the underlying BDC constituents, less investor fees. Note that if the BDCs do not make distributions or those distributions do not overcome the investor fees, then investors will not receive any coupons.

ETFs related toBDCX

ETFs correlated to BDCX include BIZD, KBWD, MDIV

BDCX
UBS AG London Branch - ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN due June 10, 20
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
MDIV
First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund
MORT
VanEck ETF Trust - VanEck Mortgage REIT Income ETF
REM
BlackRock Institutional Trust Company N.A. - iShares Mortgage Real Estate ETF
ISCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Value ETF
NUMV
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
MDYV
SPDR Series Trust - SPDR S&P 400 Mid Cap Value ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBDCX

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BDCX using Composer

FAQ

BDCX is a US Equities ETF. The ETRACS MVIS Business Development Companies Index ETN is designed to track an investment in the MVIS US Business Development Companies Index ("Index"), and may pay a variable quarterly coupon linked to the cash distributions associated with the underlying BDC constituents, less investor fees. Note that if the BDCs do not make distributions or those distributions do not overcome the investor fees, then investors will not receive any coupons.

BDCX tracks the MVIS US Business Development Companies Index.

No, BDCX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BDCX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BDCX is 0.0802%. This is the percent change in the value of BDCX over the most recent 1-month period. The 3-month return on BDCX is -0.0324%. This is the percent change in the value of BDCX over the most recent 3-month period.

The standard deviation of BDCX for the past year is 0.3343%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BDCX include BDCZ, PSQ, and QLD.

ETFs correlated to BDCX include BIZD, KBWD, and MDIV.

ETFs that are inversely correlated to BDCX include RWM, TZA, and SRTY.

Yes, BDCX is a Leveraged (1.5x) ETF: This means that BDCX will try to match the performance of MVIS US Business Development Companies Index, but with 1x the returns.

Yes, BDCX is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MVIS US Business Development Companies Index, but move 1x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.