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BIZD vs. AGNC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIZD vs. AGNC

Last updated Jun 20, 2026

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

Performance

BIZD vs. AGNC - Performance Comparison

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

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Returns By Period

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

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%

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

BIZD vs. AGNC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
AGNC
AGNC Investment Corp.		2.35%34.92%8.90%10.14%-21.65%5.20%-1.78%13.31%-2.46%23.73%

Correlation

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

Compare stocks, funds, or ETFs

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VanEck BDC Income ETF

AGNC Investment Corp.

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

Return for Risk

BIZD vs. AGNC — Risk / Return Rank

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

BIZD vs. AGNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and AGNC Investment Corp. (AGNC). 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.

BIZDAGNCDifference
Sharpe ratioReturn per unit of total volatility
-0.73
1.49

-2.22

Sortino ratioReturn per unit of downside risk
-0.95
2.08

-3.03

Omega ratioGain probability vs. loss probability

0.89

1.26

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.61

1.56

-2.16

Martin ratioReturn relative to average drawdown

-1.02

4.44

-5.46

BIZD vs. AGNC - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.73, which is lower than the AGNC Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BIZD and AGNC, 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

BIZD vs. AGNC - Drawdown Comparison

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

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Drawdown Indicators

BIZDAGNCDifference

Max Drawdown

Largest peak-to-trough decline

-55.44%

-54.56%

-0.88%

Max Drawdown (1Y)

Largest decline over 1 year

-22.22%

-18.71%

-3.51%

Max Drawdown (3Y)

Largest decline over 3 years

-22.56%

-31.04%

+8.48%

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

-50.65%

+27.74%

Max Drawdown (10Y)

Largest decline over 10 years

-55.44%

-54.56%

-0.88%

Current Drawdown

Current decline from peak

-19.66%

-9.85%

-9.81%

Average Drawdown

Average peak-to-trough decline

-6.75%

-13.56%

+6.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.18%

6.54%

+6.64%

Volatility

BIZD vs. AGNC - Volatility Comparison

VanEck BDC Income ETF (BIZD) and AGNC Investment Corp. (AGNC) have volatilities of 5.51% and 5.55%, 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

BIZDAGNCDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.51%

5.55%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

15.14%

16.28%

-1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

18.48%

19.58%

-1.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.44%

25.74%

-8.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.77%

25.41%

-3.64%

Dividends

BIZD vs. AGNC - Dividend Comparison

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

BIZD and AGNC 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, BIZD dropped -55.44% vs AGNC's -54.56%.

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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