AMZA vs. BIZD

Last updated Jun 14, 2026

AMZA (InfraCap MLP ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - AMZA is a MLPs fund actively managed by Virtus Investment Partners, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. AMZA is actively managed, while BIZD is passively managed. Over the past 10 years, AMZA returned 5.17%/yr vs 8.13%/yr for BIZD. At a 0.47 correlation, their price movements are largely independent. AMZA charges 2.01%/yr vs 12.86%/yr for BIZD.

Performance

AMZA vs. BIZD - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZA achieves a 21.82% return, which is significantly higher than BIZD's -6.86% return. Over the past 10 years, AMZA has underperformed BIZD with an annualized return of 5.17%, while BIZD has yielded a comparatively higher 8.13% annualized return.

AMZA

• 1D: 0.59%
• 1M: -3.43%
• YTD: 21.82%
• 6M: 21.02%
• 1Y: 15.58%
• 3Y*: 22.25%
• 5Y*: 17.67%
• 10Y*: 5.17%

BIZD

• 1D: 0.71%
• 1M: 0.79%
• YTD: -6.86%
• 6M: -8.47%
• 1Y: -11.02%
• 3Y*: 5.47%
• 5Y*: 4.25%
• 10Y*: 8.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZA vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMZA InfraCap MLP ETF	21.82%	0.17%	30.90%	23.35%	33.20%	51.22%	-49.25%	6.27%	-26.78%	-6.90%
BIZD VanEck BDC Income ETF	-6.86%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	0.36%

Correlation

The correlation between AMZA and BIZD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.47

Over the past year, the correlation between AMZA and BIZD has dropped to 0.15 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

AMZA vs. BIZD - Sectors Allocation Comparison

Sectors	AMZA	BIZD
Energy	99.8%	-
Utilities	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

AMZA vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZA

AMZA Risk / Return Rank: 28
AMZA Sharpe Ratio Rank: 28
AMZA Sortino Ratio Rank: 27
AMZA Omega Ratio Rank: 26
AMZA Calmar Ratio Rank: 30
AMZA Martin Ratio Rank: 27

BIZD

BIZD Risk / Return Rank: 5
BIZD Sharpe Ratio Rank: 4
BIZD Sortino Ratio Rank: 4
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 5
BIZD Martin Ratio Rank: 5

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.

AMZA vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) 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.

	AMZA	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-0.64	+1.53
Sortino ratio: Return per unit of downside risk	1.33	-0.82	+2.15
Omega ratio: Gain probability vs. loss probability	1.16	0.91	+0.25
Calmar ratio: Return relative to maximum drawdown	1.30	-0.53	+1.83
Martin ratio: Return relative to average drawdown	3.23	-0.91	+4.13

AMZA vs. BIZD - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 0.89, which is higher than the BIZD Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of AMZA 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.

Drawdowns

AMZA vs. BIZD - Drawdown Comparison

The maximum AMZA drawdown since its inception was -91.46%, which is greater than BIZD's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for AMZA and BIZD.

Drawdown Indicators

	AMZA	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-91.46%	-55.44%	-36.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-22.22%	+10.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.56%	-22.56%	+4.00%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-22.91%	-2.24%
Max Drawdown (10Y) Largest decline over 10 years	-86.84%	-55.44%	-31.40%
Current Drawdown Current decline from peak	-10.48%	-17.39%	+6.91%
Average Drawdown Average peak-to-trough decline	-44.92%	-6.74%	-38.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	12.97%	-8.10%

Volatility

AMZA vs. BIZD - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 5.43% compared to VanEck BDC Income ETF (BIZD) at 4.92%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZA	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	4.92%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	14.97%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	18.32%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.84%	17.44%	+8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.21%	21.75%	+15.46%

AMZA vs. BIZD - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

AMZA vs. BIZD - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 8.05%, less than BIZD's 13.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZA InfraCap MLP ETF	8.05%	8.81%	7.29%	9.40%	7.65%	10.24%	22.13%	19.47%	34.46%	24.16%	18.36%	18.21%
BIZD VanEck BDC Income ETF	13.56%	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

Can I hold both AMZA and BIZD in my portfolio?

AMZA and BIZD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZA or BIZD?

AMZA has higher volatility (5.43%) compared to BIZD (4.92%). In terms of maximum drawdown, AMZA dropped -91.46% vs BIZD's -55.44%.

Which ETF is better, AMZA or BIZD?

On 10-year performance, BIZD leads with 8.13% vs 5.17% for AMZA. On fees, AMZA is cheaper at 2.01% per year. On volatility, BIZD has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZA or BIZD?

Over the 10-year period, BIZD has performed better with a 8.13% return vs 5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZA or BIZD?

AMZA is cheaper with a 2.01% expense ratio, compared with 12.86% for BIZD.

Which ETF pays a higher dividend yield, AMZA or BIZD?

BIZD has the higher dividend yield at 13.56%, compared with 8.05% for AMZA.

What is the main difference between AMZA and BIZD?

AMZA is categorized as MLPs, while BIZD is Financials Equities. They also come from different issuers: Virtus Investment Partners and VanEck. Their fees differ too: 2.01% for AMZA and 12.86% for BIZD.

Which has better risk-adjusted returns?

AMZA currently has the higher Sharpe Ratio (0.89 vs -0.64), 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.