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Upturn AI SWOT - About
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)
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Upturn Advisory Summary
08/14/2025: BDCX (1-star) is a SELL. SELL since 4 days. Profits (-0.50%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 20.8% | Avg. Invested days 45 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.2 | 52 Weeks Range 22.52 - 32.70 | Updated Date 06/30/2025 |
52 Weeks Range 22.52 - 32.70 | Updated Date 06/30/2025 |
Upturn AI SWOT
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
ETF Overview
Overview
The ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCZ) is an exchange-traded note that offers 1.5 times leveraged exposure to the Wells Fargo Business Development Company (BDC) Index. It targets the BDC sector, focusing on companies that invest in small and mid-sized businesses. The ETN aims to provide enhanced returns tied to the performance of the BDC index.
Reputation and Reliability
UBS is a well-established global financial institution, but ETNs have inherent risks associated with the issuer's creditworthiness.
Management Expertise
UBS has experience managing various investment products, but the leveraged nature of the ETN requires careful monitoring and risk management.
Investment Objective
Goal
To provide investors with leveraged exposure to the Wells Fargo BDC Index, aiming for 1.5 times the index's quarterly performance.
Investment Approach and Strategy
Strategy: Tracks the Wells Fargo BDC Index with 1.5x leverage.
Composition The ETN's value is linked to the performance of the Wells Fargo BDC Index, which comprises publicly traded BDCs.
Market Position
Market Share: Data Unavailable
Total Net Assets (AUM): Data Unavailable
Competitors
Key Competitors
- BIZD
- BDCS
Competitive Landscape
The BDC ETF market is competitive, with several ETFs and ETNs offering exposure to BDCs. BDCZ offers leveraged exposure, which can lead to higher returns but also higher risk compared to unleveraged competitors like BIZD and BDCS. The competitive landscape depends on risk tolerance and investment goals.
Financial Performance
Historical Performance: Historical performance is highly dependent on the BDC sector and leverage. This data requires daily updates and should be sought from reputable financial data providers.
Benchmark Comparison: The ETN aims to provide 1.5x the return of the Wells Fargo BDC Index, so its performance should be compared to 1.5 times the index's performance.
Expense Ratio: 0.85
Liquidity
Average Trading Volume
BDCZ's liquidity may vary over time depending on investor interest and market conditions.
Bid-Ask Spread
The bid-ask spread can fluctuate based on trading volume and market volatility.
Market Dynamics
Market Environment Factors
Economic conditions, interest rate changes, and the performance of small and mid-sized businesses can affect BDCs and, consequently, BDCZ.
Growth Trajectory
The growth trajectory depends on the BDC sector's expansion and the effectiveness of the leveraged strategy. Any changes to the BDC index will also influence BDCZ.
Moat and Competitive Advantages
Competitive Edge
BDCZ's competitive edge lies in its leveraged exposure to the BDC sector, offering potentially higher returns for investors willing to take on more risk. However, this leverage also increases volatility and potential losses. The ETN's success depends on the performance of the Wells Fargo BDC Index and the management of the leverage. The structure of the ETN, as opposed to an ETF, also introduces credit risk related to the issuer, UBS.
Risk Analysis
Volatility
BDCZ is expected to exhibit high volatility due to its leveraged nature.
Market Risk
The primary market risk is related to the performance of the underlying BDCs and the potential for losses due to leverage. Credit risk of the ETN issuer is also a consideration.
Investor Profile
Ideal Investor Profile
BDCZ is suitable for sophisticated investors with a high risk tolerance who are seeking leveraged exposure to the BDC sector.
Market Risk
BDCZ is best suited for active traders or those with a short-term investment horizon who are comfortable with high volatility.
Summary
The ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCZ) provides leveraged exposure to BDCs, potentially offering enhanced returns but at a higher risk. It is designed for sophisticated investors with a high-risk tolerance and a short-term investment horizon. The ETN's performance is closely tied to the Wells Fargo BDC Index and the management of its leverage. Investors should carefully consider the risks associated with leverage and the credit risk of the issuer, UBS, before investing. It is important to note that ETNs are a riskier investment than ETFs.
Peer Comparison
Sources and Disclaimers
Data Sources:
- UBS
- Wells Fargo
- Bloomberg
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in leveraged ETNs involves significant risks, including the potential loss of principal. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange ("NYSE"), NYSE AMEX or The Nasdaq Stock Market, Inc. ("NASDAQ") that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.