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BDCXETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN

Grow my moneyGet income6y track recordRanked #1,531 of 1,650 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%

#5,861 of 5,861 · expensive

Fund Size

$7M

#5,047 of 5,861 · small

Return (1Y)Goal

-20.0%

Track Record

6 years

#2,075 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$8,044-19.6%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Financials

Focus

BDC

Index tracked

MarketVector US Business Development Companies Liquid Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
28.4%High

Year-on-year price swings

Max drawdown
-35.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.02Below average
Sortino (3Y)
-0.02Moderate downside risk

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

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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

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 2026-08-04