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)
BDCX is a low-cost ETN. As of August 21, 2026, its distribution rate is 22.45%, its trailing-12-month yield is 19.58%. Dividend Vision Distribution Safety Score™ is 45/100 (Caution). Fund total return is 115.8% over the past 6.2 years, 51.7 points behind SPY at 167.5%.
At the current 22.45% distribution rate, a $10,000 investment would generate approximately $2,245 per year, or $187.08 per month on an equivalent basis. Actual quarterly payments vary.
BDCX dividend yield and income
Data as of August 21, 2026.
The distribution rate (22.45%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (19.58%) is the last year of payments divided by the current price. The last dividend was $1.1716. The last ex-dividend date was 07/14/2026. It was paid on 07/22/2026. At 22.45%, $10,000 would generate about $2,245 a year ($187.08 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-14 | $1.172 | 6.4% |
| 2026-04-13 | $1.031 | -33.7% |
| 2026-01-13 | $0.766 | -14.7% |
| 2025-10-10 | $1.12 | -9.9% |
| 2025-07-14 | $1.101 | -11.9% |
| 2025-04-11 | $1.556 | 21.7% |
| 2025-01-13 | $0.898 | -24.6% |
| 2024-10-11 | $1.243 | -0.4% |
| 2024-07-15 | $1.25 | 6.7% |
| 2024-04-11 | $1.279 | 5.7% |
| 2024-01-12 | $1.191 | 0.3% |
| 2023-10-12 | $1.248 | 4.0% |
| 2023-07-13 | $1.171 | -7.4% |
| 2023-04-12 | $1.21 | -3.3% |
| 2023-01-12 | $1.187 | -5.3% |
| 2022-10-12 | $1.2 | -3.7% |
| 2022-07-13 | $1.264 | 4.2% |
| 2022-04-11 | $1.251 | 10.0% |
| 2022-01-11 | $1.254 | 22.8% |
| 2021-10-12 | $1.246 | 18.8% |
| 2021-07-13 | $1.213 | 45.8% |
| 2021-04-12 | $1.137 | — |
| 2021-01-12 | $1.021 | — |
| 2020-10-09 | $1.049 | — |
| 2020-07-13 | $0.832 | — |
| 2020 total | $1.881 | — |
| 2021 total | $4.617 | 145.5% |
| 2022 total | $4.969 | 7.6% |
| 2023 total | $4.816 | -3.1% |
| 2024 total | $4.963 | 3.1% |
| 2025 total | $4.675 | -5.8% |
| 2026 YTD total | $2.969 | -16.5% |
BDCX dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -11.35%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is 16.75%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut. The deepest trailing-12-month payout decline in the past five years is -7.29%.
| Window | Change |
|---|---|
| 1Y | 4.9% |
| 3Y | -2.5% |
| 5Y | 350.1% |
BDCX performance versus SPY
Data as of August 21, 2026.
Fund total return is 115.8% over the past 6.2 years, 51.7 points behind SPY at 167.5%. Its deepest 1-year drawdown was 26.3%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (6.2 years) | 115.8% | 13.20% |
| 3Y CAGR | — | 4.20% |
| 5Y CAGR | — | 4.20% |
BDCX key facts
Data as of August 21, 2026.
- Distribution Safety Score™
- 45 · Caution
- Safety-Adjusted Yield
- 10.10%
- Issuer
- UBS Asset Management
- Asset type
- ETN
- Asset class
- Equity
- Inception date
- 06/02/2020
- Distribution rate
- 22.45%
- Distribution frequency
- Quarterly
- Trailing yield
- 19.58%
- Last close
- $20.88
- AUM
- $7,286,545
- Average volume
- 200.0
- Last dividend
- $1.1716
- Ex-dividend date
- 07/14/2026
- Payment date
- 07/22/2026
- Beta
- 0.65
How Dividend Vision calculates yield and returns
Distribution rate (22.45%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (19.58%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 21, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 21, 2026.
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 26.3%.
Who may consider BDCX — and who may not
BDCX may suit someone looking for low-cost broad dividend exposure. 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.
Frequently asked questions
Does BDCX pay monthly?
No. BDCX currently pays quarterly, not monthly.
What is BDCX's dividend yield?
BDCX currently yields 22.45%, paid quarterly.
How has BDCX's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -11.35%. That is not a single quarter versus the prior quarter.
When does BDCX pay a dividend?
BDCX pays quarterly. The last dividend was $1.1716. The last ex-dividend date was 07/14/2026. It was paid on 07/22/2026.
How has BDCX performed?
Fund total return is 115.8% over the past 6.2 years, 51.7 points behind SPY at 167.5%. Its deepest 1-year drawdown was 26.3%.
Is BDCX a good investment?
BDCX's Dividend Vision Distribution Safety Score is 45 (Caution). That is a risk signal, not investment advice. It currently yields 22.45%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from UBS Asset Management.
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