- ISIN
- US92189F4110
- CUSIP
- 92189F411
- Issuer
- VanEck
- Inception Date
- Feb 11, 2013
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MVIS US Business Development Companies Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
BIZD Performance Chart
VanEck BDC Income ETF (BIZD) is down 9.9% since the beginning of the year. BIZD is currently trading at $12 per share. Investors who bought $1,000 worth of BIZD shares 5 years ago would now be looking at an investment worth $1,212.
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Returns By Period
VanEck BDC Income ETF (BIZD) has returned -9.87% so far this year and -12.75% over the past 12 months. Over the last ten years, BIZD has returned 7.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
VanEck BDC Income ETF
- 1D
- 0.65%
- 1M
- -0.65%
- YTD
- -9.87%
- 6M
- -8.40%
- 1Y
- -12.75%
- 3Y*
- 5.35%
- 5Y*
- 3.92%
- 10Y*
- 7.56%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
BIZD Monthly Returns History
Based on dividend-adjusted daily data since Feb 12, 2013, BIZD's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +22.1%, while the worst month was Mar 2020 at -38.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BIZD closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +16.3%, while the worst single day was Mar 18, 2020 at -18.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.27% | -9.43% | 0.95% | 6.75% | -3.95% | -2.61% | -9.87% | ||||||
| 2025 | 5.29% | 0.23% | -4.50% | -6.74% | 5.98% | 0.87% | 2.14% | -0.49% | -7.20% | -1.44% | 2.16% | -0.39% | -4.96% |
| 2024 | 1.50% | 0.00% | 3.81% | 1.26% | 4.02% | -1.21% | 0.02% | -1.32% | 0.73% | 0.95% | 4.25% | 0.80% | 15.63% |
| 2023 | 8.27% | 1.50% | -4.63% | 1.15% | 0.96% | 4.49% | 5.62% | -0.06% | 1.65% | -4.64% | 6.59% | 4.15% | 27.02% |
| 2022 | 2.21% | -0.06% | 1.88% | -4.52% | -3.40% | -6.79% | 8.42% | -0.19% | -14.65% | 11.78% | 4.96% | -5.63% | -8.51% |
| 2021 | 2.04% | 10.56% | 4.58% | 6.07% | 1.79% | 0.41% | 0.70% | 1.24% | -0.12% | 4.59% | -2.39% | 2.46% | 36.25% |
Benchmark Metrics
VanEck BDC Income ETF has an annualized alpha of -1.67%, beta of 0.71, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since February 12, 2013.
- This ETF participated in 92.85% of S&P 500 Index downside but only 67.97% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.67%
- Beta
- 0.71
- R²
- 0.37
- Upside Capture
- 67.97%
- Downside Capture
- 92.85%
Expense Ratio
BIZD has a high expense ratio of 12.86%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BIZD ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIZD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.46 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.96 | 10.92 | -11.88 |
Dividends
Dividend History
VanEck BDC Income ETF provided a 14.01% dividend yield over the last twelve months, with an annual payout of $1.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.72 | $1.67 | $1.82 | $1.76 | $1.59 | $1.40 | $1.43 | $1.53 | $1.53 | $1.52 | $1.53 | $1.44 |
Dividend yield | 14.01% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck BDC Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.40 | $0.00 | $0.40 | $1.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.46 | $0.00 | $0.44 | $1.82 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.44 | $0.00 | $0.47 | $1.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.41 | $0.00 | $0.42 | $1.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.35 | $0.00 | $0.36 | $1.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck BDC Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck BDC Income ETF was 55.44%, occurring on Mar 23, 2020. Recovery took 227 trading sessions.
The current VanEck BDC Income ETF drawdown is 20.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -55.44%Mar 2020 | 1mo 1d | 11mo | 12mo 1dFeb 2020 - Feb 2021 |
2016 bear market2016 | -25.27%Feb 2016 | 1y 11mo | 6mo 2d | 2y 5moFeb 2014 - Aug 2016 |
Bear market2022 | -22.91%Sep 2022 | 5mo 11d | 9mo 22d | 1y 2moApr 2022 - Jul 2023 |
2026 bear market2026 | -22.56%Mar 2026 | 1y 1mo | — | 1y 4moFeb 2025 - now |
Rate-hike selloffLate 2018 | -16.73%Dec 2018 | 3mo 21d | 2mo 4d | 5mo 25dAug 2018 - Feb 2019 |
Drawdown Indicators
| BIZD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -56.78% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -9.10% | -13.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -18.90% | -3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -25.43% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -33.92% | -21.52% |
Current DrawdownCurrent decline from peak | -20.05% | -3.21% | -16.84% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -10.71% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.30% | 2.04% | +11.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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