BIZD vs. ARCC
Compare and contrast key facts about VanEck Vectors BDC Income ETF (BIZD) and Ares Capital Corporation (ARCC).
BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIZD or ARCC.
Key characteristics
| BIZD | ARCC | |
|---|---|---|
| YTD Return | 11.04% | 15.46% |
| 1Y Return | 23.69% | 24.75% |
| 3Y Return (Ann) | 8.91% | 10.38% |
| 5Y Return (Ann) | 11.34% | 13.79% |
| 10Y Return (Ann) | 8.53% | 13.38% |
| Sharpe Ratio | 2.27 | 2.35 |
| Sortino Ratio | 3.03 | 3.30 |
| Omega Ratio | 1.41 | 1.44 |
| Calmar Ratio | 2.85 | 3.88 |
| Martin Ratio | 10.85 | 17.10 |
| Ulcer Index | 2.30% | 1.58% |
| Daily Std Dev | 11.01% | 11.45% |
| Max Drawdown | -55.47% | -79.36% |
| Current Drawdown | -1.38% | -0.69% |
Correlation
The correlation between BIZD and ARCC is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BIZD vs. ARCC - Performance Comparison
In the year-to-date period, BIZD achieves a 11.04% return, which is significantly lower than ARCC's 15.46% return. Over the past 10 years, BIZD has underperformed ARCC with an annualized return of 8.53%, while ARCC has yielded a comparatively higher 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BIZD vs. ARCC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors BDC Income ETF (BIZD) and Ares Capital Corporation (ARCC). 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.
Dividends
BIZD vs. ARCC - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 11.25%, more than ARCC's 8.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | 11.25% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
ARCC Ares Capital Corporation | 8.90% | 9.59% | 10.10% | 7.60% | 9.41% | 8.94% | 9.78% | 9.57% | 9.12% | 10.90% | 9.93% | 8.67% |
Drawdowns
BIZD vs. ARCC - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.47%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for BIZD and ARCC. For additional features, visit the drawdowns tool.
Volatility
BIZD vs. ARCC - Volatility Comparison
VanEck Vectors BDC Income ETF (BIZD) has a higher volatility of 2.54% compared to Ares Capital Corporation (ARCC) at 2.33%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.