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ETRACS MVIS Business Development Companies Index ETN due April 26, 2041

BDCZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 08 2015
Expense Ratio
0.85%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$76,749
AUM
$50,540,700
Associated Index
MVIS US Business Development Companies Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

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 BDCX, BIZD, PBDC

BDCZ
UBS AG London Branch - ETRACS MVIS Business Development Companies Index ETN due April 26, 204
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
PBDC
Putnam ETF Trust - Putnam BDC Income ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
VPC
ETFis Series Trust I - Virtus Private Credit Strategy ETF
HYIN
WisdomTree Trust - WisdomTree Alternative Income Fund
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
PEX
ProShares Trust - ProShares Global Listed Private Equity ETF
HIPS
GraniteShares Gold Trust - GraniteShares HIPS US High Income ETF
MDIV
First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund

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.

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.