BDCZ vs. SPCX ETF Comparison
Comparison of ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ) to SPAC and New Issue ETF (SPCX)
BDCZ
ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041
BDCZ Description
The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.
Grade (RS Rating)
Last Trade
$19.31
Average Daily Volume
4,984
23
SPCX
SPAC and New Issue ETF
SPCX Description
The investment seeks to provide total return. In pursuing the fund's investment objective, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of $100 million and companies that completed an initial public offering (IPO) within the last two years. It may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.Grade (RS Rating)
Last Trade
$23.37
Average Daily Volume
2,188
21
Performance
| Period | BDCZ | SPCX |
|---|---|---|
| 30 Days | 3.99% | 0.62% |
| 60 Days | 4.28% | 0.85% |
| 90 Days | 4.36% | 1.02% |
| 12 Months | 27.70% | -0.79% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BDCZ | Weight in SPCX | Overlap |
|---|
BDCZ Overweight 23 Positions Relative to SPCX
| Symbol | Grade | Weight | |
|---|---|---|---|
| ARCC | A | 17.86% | |
| FSK | A | 11.43% | |
| MAIN | A | 5.85% | |
| PSEC | C | 5.48% | |
| TSLX | B | 4.71% | |
| GBDC | A | 4.5% | |
| GSBD | A | 4.48% | |
| HTGC | A | 4.42% | |
| NMFC | B | 3.68% | |
| OCSL | A | 3.54% | |
| TCPC | D | 2.36% | |
| CGBD | A | 2.28% | |
| BCSF | A | 2.09% | |
| SLRC | A | 2.05% | |
| NEWT | D | 1.96% | |
| CSWC | A | 1.82% | |
| BBDC | A | 1.72% | |
| GAIN | A | 1.69% | |
| TPVG | D | 1.57% | |
| PFLT | A | 1.45% | |
| PNNT | A | 1.4% | |
| FDUS | A | 1.28% | |
| GLAD | A | 1.22% |
BDCZ Underweight 21 Positions Relative to SPCX
| Symbol | Grade | Weight | |
|---|---|---|---|
| TBIL | A | -10.11% | |
| SHAP | C | -5.76% | |
| AFAR | A | -4.42% | |
| CNDA | B | -4.24% | |
| MSSA | A | -3.93% | |
| HAIA | B | -3.86% | |
| ONYX | A | -2.94% | |
| GAQ | A | -2.92% | |
| ROCL | C | -2.84% | |
| BLEU | A | -2.82% | |
| EMLD | B | -2.79% | |
| BHAC | A | -2.77% | |
| HCVI | B | -2.76% | |
| PLMI | B | -2.64% | |
| THCP | A | -2.57% | |
| BCSA | A | -1.96% | |
| CDAQ | B | -1.89% | |
| PWUP | A | -1.66% | |
| VMCA | A | -1.5% | |
| SWSS | B | -1.07% | |
| ALLG | C | -0.03% |
BDCZ: Top Represented Industries & Keywords
SPCX: Top Represented Industries & Keywords
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