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BDCXETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN

Grow my moneyGet income6y track recordRanked #1,520 of 1,622 in this goal

Provides 1.5x leveraged long exposure to the compounded quarterly performance of the MarketVector US Business Development Companies Liquid Index, less investor fees.

By UBS · Launched 2020

Annual Cost

0.00%

#5,562 of 5,562 · expensive

Fund Size

$7M

#4,910 of 5,562 · small

Return (1Y)Goal

-17.6%

Track Record

6 years

#2,120 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$8,167-18.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

Focus

BDC

Index tracked

MarketVector US Business Development Companies Liquid Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
27.7%High

Year-on-year price swings

Max drawdown
-35.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.08Below average
Sortino (3Y)
0.11Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Provides 1.5x leveraged long exposure to the compounded quarterly performance of the MarketVector US Business Development Companies Liquid Index, less investor fees.
Strategy
Provides 1.5x leveraged long exposure, compounded quarterly, to the MarketVector US Business Development Companies Liquid Index — the largest and most liquid U.S.-incorporated business development companies. Pays a variable quarterly coupon linked to BDC cash distributions, less investor fees.
Inception date
June 2, 2020
Fund family
UBS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19