Figure 2: BDC Returns Versus High-Yield Index, 12/31/04–12/31/19
Annualized Returns
Maximum Draw
BDC Index
6.2%
-77.8%
BBB
5.9%
-17.2%
BB
7.1%
-25.1%
B
6.2%
-34.0%
CCC
7.4%
-48.6%
