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BDCX ETN — ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)
Updated October 16, 2026.
Verdict as of October 16, 2026
BDCX's distribution is rated high risk by the Dividend Vision Distribution Safety Score™ (17/100, high confidence). It pays quarterly and its distribution rate is 19.52%. The latest total cash payment per current share, $0.8478 with an ex-date of October 13, 2026, was 27.6% lower than the previous $1.17. These payments are unclassified; this does not establish a base-dividend change.
Sources: UBS Asset Management, Section 19a-1 notices, scoring methodology.
BDCX is an ETN. its distribution rate is 19.52%, its trailing-12-month yield is 21.97%, its expense ratio is 0.9727%. Dividend Vision Distribution Safety Score™ is 17/100 (High risk). Total return is 88.1% over the past 6.4 years, 79.2 points behind SPY at 167.3%.
BDCX dividend yield and income
Price as of 2026-10-16.
The distribution rate (19.52%) uses calculation basis unavailable. Trailing-12-month yield (21.97%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.8478. The ex-dividend date is 10/13/2026. The payment date is 10/21/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-13 | $0.8478 | -27.6% Unclassified cash |
| 2026-07-14 | $1.1716 | 13.6% Unclassified cash |
| 2026-04-13 | $1.0311 | 34.5% Unclassified cash |
| 2026-01-13 | $0.7664 | -31.6% Unclassified cash |
| 2025-10-10 | $1.12 | 1.7% Unclassified cash |
| 2025-07-14 | $1.1012 | -29.2% Unclassified cash |
| 2025-04-11 | $1.5561 | 73.2% Unclassified cash |
| 2025-01-13 | $0.8983 | -27.7% Unclassified cash |
| 2024-10-11 | $1.2428 | -0.6% Unclassified cash |
| 2024-07-15 | $1.2498 | -2.2% Unclassified cash |
| 2024-04-11 | $1.2785 | 7.4% Unclassified cash |
| 2024-01-12 | $1.1905 | -4.6% Unclassified cash |
| 2023-10-12 | $1.2478 | 6.5% Unclassified cash |
| 2023-07-13 | $1.1713 | -3.2% Unclassified cash |
| 2023-04-12 | $1.2099 | 1.9% Unclassified cash |
| 2023-01-12 | $1.187 | -1.1% Unclassified cash |
| 2022-10-12 | $1.2001 | -5.1% Unclassified cash |
| 2022-07-13 | $1.2644 | 1.1% Unclassified cash |
| 2022-04-11 | $1.2508 | -0.3% Unclassified cash |
| 2022-01-11 | $1.2544 | 0.7% Unclassified cash |
| 2021-10-12 | $1.2461 | 2.8% Unclassified cash |
| 2021-07-13 | $1.2127 | 6.7% Unclassified cash |
| 2021-04-12 | $1.1368 | 11.4% Unclassified cash |
| 2021-01-12 | $1.0209 | -2.7% Unclassified cash |
| 2020-10-09 | $1.049 | 26.0% Unclassified cash |
| 2020-07-13 | $0.8323 | — |
| 2020 total (partial launch year) | $1.8813 | — |
| 2021 total | $4.6165 | — |
| 2022 total | $4.9697 | 7.7% |
| 2023 total | $4.816 | -3.1% |
| 2024 total | $4.9616 | 3.0% |
| 2025 total | $4.6756 | -5.8% |
| 2026 YTD total | $3.8169 | -18.4% vs prior-year YTD |
BDCX dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -18.4%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -12.24%.
| Window | Change |
|---|---|
| 1Y | -18.4% |
| 3Y | -20.7% |
| 5Y | -17.3% |
BDCX performance versus SPY
Price and return data through 2026-10-16.
Total return is 88.1% over the past 6.4 years, 79.2 points behind SPY at 167.3%. Over the past year its total return — price change plus distributions reinvested — is -8.3%. Its deepest 1-year drawdown was 21.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -10.4% | — |
| 3M | -9.3% | — |
| 6M | -9.3% | — |
| YTD | -14.0% | — |
| 1Y | -8.3% | — |
| 2Y CAGR | — | -11.00% |
| 3Y CAGR | — | -1.50% |
| 5Y CAGR | — | 0.10% |
| Since inception (6.4 years) | 88.1% | 10.40% |
BDCX key facts
- Distribution Safety Score™
- 17 · High risk
- Safety-Adjusted Yield
- 3.32%
- Issuer
- UBS Asset Management
- Asset type
- ETN
- Asset class
- Equity
- Inception date
- 06/02/2020
- Expense ratio
- 0.9727%
- Distribution rate
- 19.52%
- Distribution frequency
- Quarterly
- Trailing yield
- 21.97%
- Last close
- $17.38 (as of 2026-10-16)
- AUM
- $6,594,665
- Average volume
- 1614.0
- Dividend
- $0.8478
- Ex-dividend date
- 10/13/2026
- Payment date
- 10/21/2026
- Beta
- 0.81
How Dividend Vision calculates yield and returns
Distribution rate (19.52%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (21.97%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: UBS Asset Management; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BDCX risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 21.7%.
Who may consider BDCX — and who may not
It is a weaker fit for investors who need monthly cash flow (BDCX pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on BDCX
Frequently asked questions
Does BDCX pay monthly?
No. BDCX currently pays quarterly, not monthly.
What is BDCX's expense ratio?
BDCX's expense ratio is 0.9727%.
What is BDCX's dividend yield?
BDCX's distribution rate is 19.52%, paid quarterly, with a 0.9727% expense ratio — calculation basis unavailable.
How has BDCX's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -18.4%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does BDCX pay a dividend?
BDCX pays quarterly. The dividend amount is $0.8478. The ex-dividend date is 10/13/2026. The payment date is 10/21/2026.
How has BDCX performed?
Total return is 88.1% over the past 6.4 years, 79.2 points behind SPY at 167.3%. Over the past year its total return — price change plus distributions reinvested — is -8.3%. Its deepest 1-year drawdown was 21.7%.
Is BDCX a good investment?
BDCX's Dividend Vision Distribution Safety Score is 17 (High risk). That is a risk signal, not investment advice. Its distribution rate is 19.52% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from UBS Asset Management.
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