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AGNC vs. BIZD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGNC vs. BIZD

Last updated Jun 20, 2026

AGNC (AGNC Investment Corp.) is a stock, while BIZD (VanEck BDC Income ETF) is Financials Equities fund tracking the MVIS US Business Development Companies Index. Over the past 10 years, AGNC returned 6.33%/yr vs 7.66%/yr for BIZD. At a 0.44 correlation, their price movements are largely independent.

Performance

AGNC vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AGNC Investment Corp. (AGNC) and VanEck BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AGNC achieves a 2.35% return, which is significantly higher than BIZD's -9.43% return. Over the past 10 years, AGNC has underperformed BIZD with an annualized return of 6.33%, while BIZD has yielded a comparatively higher 7.66% annualized return.

AGNC

1D
0.78%
1M
2.43%
YTD
2.35%
6M
4.08%
1Y
28.97%
3Y*
16.54%
5Y*
4.24%
10Y*
6.33%

BIZD

1D
0.16%
1M
-1.20%
YTD
-9.43%
6M
-8.46%
1Y
-13.47%
3Y*
4.52%
5Y*
4.48%
10Y*
7.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGNC vs. BIZD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AGNC
AGNC Investment Corp.		2.35%34.92%8.90%10.14%-21.65%5.20%-1.78%13.31%-2.46%23.73%
BIZD
VanEck BDC Income ETF		-9.43%-4.96%15.63%27.02%-8.51%36.25%-7.12%30.87%-6.88%0.36%

Correlation

The correlation between AGNC and BIZD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Feb 12, 2013

0.44

The correlation between AGNC and BIZD shifts across timeframes, from 0.38 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

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AGNC Investment Corp.

VanEck BDC Income ETF

Often compared with AGNC:
AGNC vs. NLYAGNC vs. OAGNC vs. ARRAGNC vs. DXAGNC vs. ORCAGNC vs. EFCAGNC vs. SCHD
Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. SCHD

Return for Risk

AGNC vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGNC
AGNC Risk / Return Rank: 7676
Overall Rank
AGNC Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
AGNC Sortino Ratio Rank: 7878
Sortino Ratio Rank
AGNC Omega Ratio Rank: 7676
Omega Ratio Rank
AGNC Calmar Ratio Rank: 7171
Calmar Ratio Rank
AGNC Martin Ratio Rank: 7575
Martin Ratio Rank
BIZD
BIZD Risk / Return Rank: 44
Overall Rank
BIZD Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 33
Sortino Ratio Rank
BIZD Omega Ratio Rank: 44
Omega Ratio Rank
BIZD Calmar Ratio Rank: 44
Calmar Ratio Rank
BIZD Martin Ratio Rank: 44
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGNC vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AGNC Investment Corp. (AGNC) and VanEck BDC Income ETF (BIZD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

AGNCBIZDDifference
Sharpe ratioReturn per unit of total volatility
1.49
-0.73

+2.22

Sortino ratioReturn per unit of downside risk
2.08
-0.95

+3.03

Omega ratioGain probability vs. loss probability

1.26

0.89

+0.36

Calmar ratioReturn relative to maximum drawdown

1.56

-0.61

+2.16

Martin ratioReturn relative to average drawdown

4.44

-1.02

+5.46

AGNC vs. BIZD - Sharpe Ratio Comparison

The current AGNC Sharpe Ratio is 1.49, which is higher than the BIZD Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of AGNC and BIZD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AGNC vs. BIZD - Drawdown Comparison

The maximum AGNC drawdown since its inception was -54.56%, roughly equal to the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for AGNC and BIZD.

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Drawdown Indicators

AGNCBIZDDifference

Max Drawdown

Largest peak-to-trough decline

-54.56%

-55.44%

+0.88%

Max Drawdown (1Y)

Largest decline over 1 year

-18.71%

-22.22%

+3.51%

Max Drawdown (3Y)

Largest decline over 3 years

-31.04%

-22.56%

-8.48%

Max Drawdown (5Y)

Largest decline over 5 years

-50.65%

-22.91%

-27.74%

Max Drawdown (10Y)

Largest decline over 10 years

-54.56%

-55.44%

+0.88%

Current Drawdown

Current decline from peak

-9.85%

-19.66%

+9.81%

Average Drawdown

Average peak-to-trough decline

-13.56%

-6.75%

-6.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.54%

13.18%

-6.64%

Volatility

AGNC vs. BIZD - Volatility Comparison

AGNC Investment Corp. (AGNC) and VanEck BDC Income ETF (BIZD) have volatilities of 5.55% and 5.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AGNCBIZDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.55%

5.51%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

16.28%

15.14%

+1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

19.58%

18.48%

+1.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.74%

17.44%

+8.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.41%

21.77%

+3.64%

Dividends

AGNC vs. BIZD - Dividend Comparison

AGNC's dividend yield for the trailing twelve months is around 13.87%, which matches BIZD's 13.94% yield.

PositionTTM20252024202320222021202020192018201720162015
AGNC
AGNC Investment Corp.		13.87%13.43%15.64%14.68%13.91%9.57%10.00%11.31%12.31%10.70%12.69%14.30%
BIZD
VanEck BDC Income ETF		13.94%11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%

Frequently Asked Questions

AGNC and BIZD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AGNC has higher volatility (5.55%) compared to BIZD (5.51%). In terms of maximum drawdown, AGNC dropped -54.56% vs BIZD's -55.44%.

AGNC currently has the higher Sharpe Ratio (1.49 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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