MVRL vs. PBDC ETF Comparison
Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Putnam BDC Income ETF (PBDC)
MVRL
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRL Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.
Grade (RS Rating)
Last Trade
$16.62
Average Daily Volume
10,480
Number of Holdings
*
23
* may have additional holdings in another (foreign) market
PBDC
Putnam BDC Income ETF
PBDC Description
Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$33.81
Average Daily Volume
39,882
Number of Holdings
*
15
* may have additional holdings in another (foreign) market
Performance
| Period | MVRL | PBDC |
|---|---|---|
| 30 Days | -1.98% | 0.21% |
| 60 Days | -8.49% | 0.12% |
| 90 Days | -3.72% | 2.08% |
| 12 Months | 14.12% | 16.48% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MVRL | Weight in PBDC | Overlap |
|---|
MVRL Overweight 23 Positions Relative to PBDC
| Symbol | Grade | Weight | |
|---|---|---|---|
| NLY | C | 13.03% | |
| AGNC | C | 8.86% | |
| STWD | C | 8.19% | |
| CIM | D | 5.48% | |
| HASI | D | 5.04% | |
| BXMT | C | 4.84% | |
| ABR | C | 4.54% | |
| TWO | F | 4.01% | |
| MFA | D | 3.81% | |
| PMT | C | 3.79% | |
| ARI | C | 3.76% | |
| LADR | B | 3.51% | |
| NYMT | C | 3.26% | |
| RWT | D | 2.77% | |
| EFC | C | 2.49% | |
| RC | D | 2.05% | |
| ORC | B | 2.0% | |
| ACRE | B | 1.95% | |
| BRSP | C | 1.92% | |
| KREF | C | 1.86% | |
| IVR | F | 1.84% | |
| ARR | D | 1.83% | |
| DX | B | 1.48% |
MVRL: Top Represented Industries & Keywords
Industries:
REIT - Diversified
REIT - Residential
REIT - Office
REIT - Retail
Specialty Finance
Keywords:
Mortgage Backed Security
Mortgage Loan
Real Estate Investment Trust
Structured Finance
Real Estate Mortgage Investment Conduit
Residential Mortgage Backed Security
Commercial Mortgage Backed Security
Private Equity
Real Estate Finance
Loan
Commercial Mortgage
Fannie Mae
Mezzanine Capital
Real Estate Investing
Rmbs
U.S. Government
Adjustable Rate Mortgage
Asset Backed Security
Collateralized Debt Obligation
Freddie Mac
PBDC: Top Represented Industries & Keywords
Industries:
Asset Management
Credit Services
Specialty Finance
Keywords:
Private Equity
Business Development
Mezzanine Capital
Venture Capital
Credit
Loan
Business Development Company
Golub Capital
Refinancing
Debt
Healthcare Service
Leveraged Buyout
Second Lien Loan
Subordinated Debt
Aerospace
Bankruptcy
Chemical
Consumer Products
Debt Financing
Entrepreneurship
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