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BIZD vs. ARCC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

BIZD vs. ARCC - Performance Comparison

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

150.00%200.00%250.00%JulyAugustSeptemberOctoberNovemberDecember
148.03%
267.36%
BIZD
ARCC

Key characteristics

Sharpe Ratio

BIZD:

1.32

ARCC:

1.71

Sortino Ratio

BIZD:

1.81

ARCC:

2.39

Omega Ratio

BIZD:

1.24

ARCC:

1.31

Calmar Ratio

BIZD:

1.65

ARCC:

2.86

Martin Ratio

BIZD:

6.10

ARCC:

11.81

Ulcer Index

BIZD:

2.38%

ARCC:

1.68%

Daily Std Dev

BIZD:

11.01%

ARCC:

11.61%

Max Drawdown

BIZD:

-55.47%

ARCC:

-79.36%

Current Drawdown

BIZD:

-1.30%

ARCC:

-1.86%

Returns By Period

In the year-to-date period, BIZD achieves a 13.35% return, which is significantly lower than ARCC's 16.99% return. Over the past 10 years, BIZD has underperformed ARCC with an annualized return of 9.28%, while ARCC has yielded a comparatively higher 13.47% annualized return.


BIZD

YTD

13.35%

1M

1.46%

6M

3.94%

1Y

14.23%

5Y*

10.59%

10Y*

9.28%

ARCC

YTD

16.99%

1M

0.30%

6M

8.72%

1Y

19.43%

5Y*

13.15%

10Y*

13.47%

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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.


Sharpe ratio
The chart of Sharpe ratio for BIZD, currently valued at 1.32, compared to the broader market0.002.004.001.321.71
The chart of Sortino ratio for BIZD, currently valued at 1.81, compared to the broader market-2.000.002.004.006.008.0010.001.812.39
The chart of Omega ratio for BIZD, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.241.31
The chart of Calmar ratio for BIZD, currently valued at 1.65, compared to the broader market0.005.0010.0015.001.652.86
The chart of Martin ratio for BIZD, currently valued at 6.10, compared to the broader market0.0020.0040.0060.0080.00100.006.1011.81
BIZD
ARCC

The current BIZD Sharpe Ratio is 1.32, which is comparable to the ARCC Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of BIZD and ARCC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.32
1.71
BIZD
ARCC

Dividends

BIZD vs. ARCC - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 11.02%, more than ARCC's 8.98% yield.


TTM20232022202120202019201820172016201520142013
BIZD
VanEck Vectors BDC Income ETF
11.02%10.97%11.22%8.14%10.39%9.13%10.88%9.13%8.51%9.12%8.51%5.45%
ARCC
Ares Capital Corporation
8.98%9.59%10.12%7.65%9.47%9.01%9.88%9.67%9.22%11.02%10.06%8.84%

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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.30%
-1.86%
BIZD
ARCC

Volatility

BIZD vs. ARCC - Volatility Comparison

The current volatility for VanEck Vectors BDC Income ETF (BIZD) is 2.75%, while Ares Capital Corporation (ARCC) has a volatility of 3.34%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
2.75%
3.34%
BIZD
ARCC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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