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ETFs

ETRACS MarketVector Business Development Companies Liquid Index ETN due April 26, 2041

BDCZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 8, 2015
Expense Ratio
0.85%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$32,149
AUM
$25,139,500
Associated Index
MVIS US Business Development Companies Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with BDCZ

What is BDCZ?

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 toBDCZ

ETFs correlated to BDCZ include BIZD, KBWD, MORT

BDCZ
UBS AG London Branch - ETRACS MVIS Business Development Companies Index ETN due April 26, 204
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
MORT
VanEck ETF Trust - VanEck Mortgage REIT Income ETF
REM
BlackRock Institutional Trust Company N.A. - iShares Mortgage Real Estate ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
MDYV
SPDR Series Trust - SPDR S&P 400 Mid Cap Value 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 toBDCZ

#WIR

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Risk Rating

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Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

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Create your own algorithmic trading strategy with BDCZ using Composer

FAQ

BDCZ 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.

BDCZ tracks the MVIS US Business Development Companies Index.

No, BDCZ 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, BDCZ 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 BDCZ is 0.0392%. This is the percent change in the value of BDCZ over the most recent 1-month period. The 3-month return on BDCZ is 0.1053%. This is the percent change in the value of BDCZ over the most recent 3-month period.

The standard deviation of BDCZ for the past year is 0.1935%. 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 BDCZ include BDCX, XLI, and XLY.

ETFs correlated to BDCZ include BIZD, KBWD, and MORT.

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

Disclaimers

*

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.