BDCXETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
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
0.00%
#5,562 of 5,562 · expensive
$7M
#4,910 of 5,562 · small
-17.6%
6 years
#2,120 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Sector
FinancialsFocus
BDC
Index tracked
MarketVector US Business Development Companies Liquid Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
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
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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