BDCX vs. VCSH ETF Comparison

Comparison of ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX) to Vanguard Short-Term Corporate Bond ETF (VCSH)
BDCX

ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN

BDCX Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index, reduced by the Accrued Fees. The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange, NYSE AMEX or The Nasdaq Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.

Grade (RS Rating)

Last Trade

$31.68

Average Daily Volume

1,335

Number of Holdings *

23

* may have additional holdings in another (foreign) market
VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.17

Average Daily Volume

2,792,762

Number of Holdings *

443

* may have additional holdings in another (foreign) market
Performance
Period BDCX VCSH
30 Days 1.38% -0.10%
60 Days 3.42% -0.93%
90 Days 5.75% 0.07%
12 Months 18.59% 6.91%
9 Overlapping Holdings
Symbol Grade Weight in BDCX Weight in VCSH Overlap
ARCC A 17.86% 0.04% 0.04%
BCSF C 2.09% 0.01% 0.01%
FSK A 11.43% 0.02% 0.02%
GBDC C 4.5% 0.02% 0.02%
GSBD F 4.48% 0.02% 0.02%
MAIN A 5.85% 0.01% 0.01%
OCSL F 3.54% 0.02% 0.02%
PSEC D 5.48% 0.01% 0.01%
TSLX C 4.71% 0.02% 0.02%
BDCX Overweight 14 Positions Relative to VCSH
Symbol Grade Weight
HTGC D 4.42%
NMFC D 3.68%
TCPC C 2.36%
CGBD D 2.28%
SLRC A 2.05%
NEWT B 1.96%
CSWC D 1.82%
BBDC A 1.72%
GAIN C 1.69%
TPVG C 1.57%
PFLT D 1.45%
PNNT B 1.4%
FDUS A 1.28%
GLAD B 1.22%
BDCX Underweight 434 Positions Relative to VCSH
Symbol Grade Weight
V A -0.13%
TAP C -0.1%
CARR D -0.09%
MDT D -0.08%
BIIB F -0.08%
DD D -0.08%
STLA F -0.07%
OTIS C -0.07%
ETN A -0.07%
CHTR C -0.07%
KO D -0.06%
COST B -0.06%
KLAC D -0.06%
OMC C -0.06%
WBA F -0.06%
AIG B -0.06%
HCA F -0.06%
VZ C -0.06%
VRSK A -0.05%
ADP B -0.05%
ADM D -0.05%
CRM B -0.05%
DLTR F -0.05%
BLK C -0.05%
NI A -0.05%
HPQ B -0.05%
TGT F -0.05%
LMT D -0.05%
NOC D -0.05%
ORCL B -0.05%
NTRS A -0.04%
ITW B -0.04%
FTV C -0.04%
VFC C -0.04%
TJX A -0.04%
WLK D -0.04%
RF A -0.04%
WB D -0.04%
MA C -0.04%
ZTS D -0.04%
FOXA B -0.04%
RPRX D -0.04%
QCOM F -0.04%
GSK F -0.04%
MRK F -0.04%
AZN D -0.04%
GOOGL C -0.04%
GILD C -0.04%
AMZN C -0.04%
TMUS B -0.04%
MSFT F -0.04%
JNPR F -0.03%
JBHT C -0.03%
DLR B -0.03%
MSI B -0.03%
EMN D -0.03%
AMAT F -0.03%
FDX B -0.03%
EL F -0.03%
WAB B -0.03%
SWKS F -0.03%
APTV D -0.03%
CME A -0.03%
AGR B -0.03%
HRL D -0.03%
JD D -0.03%
HAS D -0.03%
MHK D -0.03%
NUE C -0.03%
DXC B -0.03%
WAL B -0.03%
ATO A -0.03%
BAX D -0.03%
CNO A -0.03%
SPGI C -0.03%
SNX C -0.03%
PVH C -0.03%
PHM D -0.03%
GIS D -0.03%
BXP D -0.03%
ADBE C -0.03%
GLPI C -0.03%
JEF A -0.03%
HAL C -0.03%
BG F -0.03%
SYY B -0.03%
SWK D -0.03%
SYF B -0.03%
PRU A -0.03%
MOS F -0.03%
MU D -0.03%
EBAY D -0.03%
PYPL B -0.03%
PFE D -0.03%
STT A -0.03%
VLO C -0.03%
WMB A -0.03%
GPN B -0.03%
DIS B -0.03%
EPD A -0.03%
MPLX A -0.03%
FIS C -0.03%
BERY B -0.03%
CB C -0.03%
AER B -0.03%
MPC D -0.03%
AXP A -0.03%
VTRS A -0.03%
INTC D -0.03%
FITB A -0.03%
HPE B -0.03%
CMCSA B -0.03%
MS A -0.03%
AAPL C -0.03%
WPC D -0.02%
SKT B -0.02%
RL B -0.02%
THG A -0.02%
UNM A -0.02%
VNT B -0.02%
STLD B -0.02%
CF B -0.02%
BKU A -0.02%
CDNS B -0.02%
A D -0.02%
BEN C -0.02%
CPT B -0.02%
BC C -0.02%
ALLE D -0.02%
AIZ A -0.02%
HST C -0.02%
HP B -0.02%
HOG D -0.02%
INTU C -0.02%
L A -0.02%
JCI C -0.02%
GXO B -0.02%
KMPR B -0.02%
EQH B -0.02%
FTNT C -0.02%
FRT B -0.02%
EA A -0.02%
NNN D -0.02%
SF B -0.02%
PSA D -0.02%
SBRA C -0.02%
VNO B -0.02%
WM A -0.02%
BKH A -0.02%
APH A -0.02%
DOV A -0.02%
COKE C -0.02%
ALB C -0.02%
BWA D -0.02%
BABA D -0.02%
AWH F -0.02%
AFG A -0.02%
BRO B -0.02%
BR A -0.02%
CTVA C -0.02%
KEYS A -0.02%
HRB D -0.02%
IP B -0.02%
ILMN D -0.02%
GWW B -0.02%
LNT A -0.02%
LLY F -0.02%
LAZ B -0.02%
MRVL B -0.02%
CSX B -0.02%
K A -0.02%
KR B -0.02%
LRCX F -0.02%
ORI A -0.02%
DVN F -0.02%
LYB F -0.02%
PH A -0.02%
TDY B -0.02%
TT A -0.02%
VOYA B -0.02%
EQR B -0.02%
LIN D -0.02%
OHI C -0.02%
LHX C -0.02%
LDOS C -0.02%
MCO B -0.02%
NTAP C -0.02%
IVZ B -0.02%
HUM C -0.02%
DOC D -0.02%
WEC A -0.02%
VTR C -0.02%
BRX A -0.02%
AES F -0.02%
CE F -0.02%
AN C -0.02%
CNA B -0.02%
CMI A -0.02%
EOG A -0.02%
NKE D -0.02%
DGX A -0.02%
FANG D -0.02%
FLEX A -0.02%
EXPE B -0.02%
CNH C -0.02%
ADI D -0.02%
DHR F -0.02%
EFX F -0.02%
ROST C -0.02%
OKE A -0.02%
NXPI D -0.02%
MTB A -0.02%
KDP D -0.02%
BKNG A -0.02%
ABT B -0.02%
ICE C -0.02%
GD F -0.02%
CAH B -0.02%
CPB D -0.02%
UPS C -0.02%
WEST C -0.02%
PM B -0.02%
MKC D -0.02%
NVDA C -0.02%
STZ D -0.02%
SBUX A -0.02%
SPG B -0.02%
ET A -0.02%
EQIX A -0.02%
AL B -0.02%
CM A -0.02%
CCI D -0.02%
MET A -0.02%
SLB C -0.02%
SHW A -0.02%
ZBH C -0.02%
PNC B -0.02%
KMI A -0.02%
CSCO B -0.02%
AFL B -0.02%
LVS C -0.02%
BDX F -0.02%
CAT B -0.02%
JNJ D -0.02%
USB A -0.02%
RTX C -0.02%
RY A -0.02%
PEP F -0.02%
CVX A -0.02%
GM B -0.02%
TD F -0.02%
BMY B -0.02%
WMT A -0.02%
ABBV D -0.02%
IBM C -0.02%
CVS D -0.02%
XOM B -0.02%
C A -0.02%
NVT B -0.01%
HIW D -0.01%
FE C -0.01%
FNB A -0.01%
CACC D -0.01%
VLY B -0.01%
RPM A -0.01%
IPG D -0.01%
JBL B -0.01%
KSS F -0.01%
G B -0.01%
AMD F -0.01%
EPR D -0.01%
NEU C -0.01%
ED D -0.01%
NEM D -0.01%
UHS D -0.01%
UDR B -0.01%
VMC B -0.01%
WY D -0.01%
TKR D -0.01%
FAF A -0.01%
HUBB B -0.01%
LEG F -0.01%
CHD B -0.01%
FMC D -0.01%
JHG A -0.01%
HES B -0.01%
IFF D -0.01%
DAL C -0.01%
WHR B -0.01%
RNR C -0.01%
SNV B -0.01%
SLG B -0.01%
RS B -0.01%
PFG D -0.01%
BDN C -0.01%
TME D -0.01%
RGA A -0.01%
SITC D -0.01%
TEL B -0.01%
TRMB B -0.01%
CL D -0.01%
BHP F -0.01%
CSL C -0.01%
FLS B -0.01%
CLX B -0.01%
AVB B -0.01%
GP F -0.01%
H B -0.01%
KMB D -0.01%
ES D -0.01%
OGS A -0.01%
MLM B -0.01%
LNC B -0.01%
PNW B -0.01%
ROK B -0.01%
SCCO F -0.01%
TXT D -0.01%
ADSK A -0.01%
CMS C -0.01%
FHN A -0.01%
CUBE D -0.01%
MAA B -0.01%
LII A -0.01%
OC A -0.01%
PDM D -0.01%
EMR A -0.01%
KIM A -0.01%
HSY F -0.01%
HII D -0.01%
KRC C -0.01%
MAR B -0.01%
NFG A -0.01%
ORLY B -0.01%
OPI F -0.01%
LEN D -0.01%
NSC B -0.01%
APD A -0.01%
CP D -0.01%
CNP B -0.01%
NDAQ A -0.01%
DHI D -0.01%
UNP C -0.01%
AVT C -0.01%
PCAR B -0.01%
AMG B -0.01%
XEL A -0.01%
AEE A -0.01%
ARW D -0.01%
AZO C -0.01%
AWK D -0.01%
PPG F -0.01%
SRE A -0.01%
PKG A -0.01%
MCK B -0.01%
DE A -0.01%
DUK C -0.01%
DOW F -0.01%
UAL A -0.01%
WU D -0.01%
ROP B -0.01%
PPL B -0.01%
MMM D -0.01%
LH C -0.01%
MDLZ F -0.01%
ESS B -0.01%
EVRG A -0.01%
ALL A -0.01%
AEP D -0.01%
AMP A -0.01%
SYK C -0.01%
R B -0.01%
TXN C -0.01%
PSX C -0.01%
PEG A -0.01%
DFS B -0.01%
DTE C -0.01%
O D -0.01%
MCHP D -0.01%
KEY B -0.01%
CMA A -0.01%
BSX B -0.01%
ARE D -0.01%
AON A -0.01%
HON B -0.01%
HBAN A -0.01%
CFG B -0.01%
BIDU F -0.01%
AMT D -0.01%
EIX B -0.01%
MMC B -0.01%
PAA B -0.01%
ETR B -0.01%
AMGN D -0.01%
TSN B -0.01%
D C -0.01%
ALLY C -0.01%
BK A -0.01%
RSG A -0.01%
HD A -0.01%
TMO F -0.01%
PG A -0.01%
DG F -0.01%
MO A -0.01%
NEE D -0.01%
LOW D -0.01%
CAG D -0.01%
SCHW B -0.01%
EXC C -0.01%
MCD D -0.01%
BNS A -0.01%
COP C -0.01%
SO D -0.01%
COF B -0.01%
VOD F -0.01%
LUV C -0.01%
GE D -0.01%
WELL A -0.01%
UNH C -0.01%
TFC A -0.01%
DB D -0.01%
AVGO D -0.01%
BMO A -0.01%
T A -0.01%
PCG A -0.01%
HSBC B -0.01%
NWG C -0.01%
CI F -0.01%
MUFG B -0.01%
WFC A -0.01%
GS A -0.01%
JPM A -0.01%
DELL C -0.01%
BA F -0.01%
BAC A -0.01%
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