BIZD vs. DBC
BIZD (VanEck BDC Income ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. Over the past 10 years, BIZD returned 7.37%/yr vs 8.90%/yr for DBC. Their 0.23 correlation means their historical movements had little consistent relationship. BIZD charges 12.86%/yr vs 0.85%/yr for DBC.
Performance
BIZD vs. DBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIZD achieves a -4.99% return, which is significantly lower than DBC's 27.37% return. Over the past 10 years, BIZD has underperformed DBC with an annualized return of 7.37%, while DBC has yielded a comparatively higher 8.90% annualized return.
BIZD
- 1D
- -1.85%
- 1M
- 2.17%
- 6M
- -1.01%
- YTD
- -4.99%
- 1Y
- -11.18%
- 3Y*
- 3.85%
- 5Y*
- 4.96%
- 10Y*
- 7.37%
- ALL TIME*
- 6.32%
DBC
- 1D
- 0.60%
- 1M
- 5.48%
- 6M
- 17.73%
- YTD
- 27.37%
- 1Y
- 34.92%
- 3Y*
- 9.99%
- 5Y*
- 11.48%
- 10Y*
- 8.90%
- ALL TIME*
- 1.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.75M | $39.66M | $40.76M | |
| $29.84M | $30.72M | $31.47M |
BIZD vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -4.99% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
DBC Invesco DB Commodity Index Tracking Fund | 27.37% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between BIZD and DBC is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.23 |
The correlation between BIZD and DBC shifts across timeframes, from -0.16 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIZD vs. DBC — Risk / Return Rank
BIZD
DBC
BIZD vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
| BIZD | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.30 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 2.12 | -2.71 |
| Martin ratioReturn relative to average drawdown | -0.99 | 6.91 | -7.90 |
Loading charts...
Drawdowns
BIZD vs. DBC - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for BIZD and DBC.
Loading charts...
Drawdown Indicators
| BIZD | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -76.36% | +20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.99% | -16.54% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -16.54% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -27.34% | +4.43% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -41.71% | -13.73% |
Current DrawdownCurrent decline from peak | -15.73% | -26.32% | +10.59% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -46.06% | +39.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.27% | 5.07% | +6.20% |
Volatility
BIZD vs. DBC - Volatility Comparison
The current volatility for VanEck BDC Income ETF (BIZD) is 5.94%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 7.61%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BIZD | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 7.61% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 16.61% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 19.70% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 19.33% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 17.89% | +3.95% |
BIZD vs. DBC - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than DBC's 0.85% expense ratio.
Dividends
BIZD vs. DBC - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 11.98%, more than DBC's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 11.98% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
DBC Invesco DB Commodity Index Tracking Fund | 2.61% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIZD and DBC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (7.61%) compared to BIZD (5.94%). In terms of maximum drawdown, BIZD dropped -55.44% vs DBC's -76.36%.
On 10-year performance, DBC leads with 8.90% vs 7.37% for BIZD. On fees, DBC is cheaper at 0.85% per year. On volatility, BIZD has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBC has performed better with a 8.90% return vs 7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBC is cheaper with a 0.85% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 11.98%, compared with 2.61% for DBC.
BIZD is categorized as Financials Equities, while DBC is Commodities. BIZD tracks MVIS US Business Development Companies Index, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: VanEck and Invesco. Their fees differ too: 12.86% for BIZD and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (1.78 vs -0.59), 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.
Find the right allocation for BIZD and DBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer