The Business Default Index (BDX) is a monthly high-resolution gauge of nationwide business defaults. It is based on the credit performance of nearly 18 million businesses that have been tracked by WAIN Street for over 12 months. We also publish several business size-based sub-indices.
|Business Default Index||Definition|
|Solo||Businesses without paid employees|
|E20||Businesses with 1 to 19 employees|
|VSB||Very Small Businesses — Solo + E20|
|E100||Businesses with 20 to 99 employees|
|E100+||Businesses with 100 or more employees|
The BDX and it sub-indices can serve as a benchmark for comparing portfolio performance.