BIZD vs. DBO
BIZD (VanEck BDC Income ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 10 years, BIZD returned 7.38%/yr vs 11.43%/yr for DBO. Their 0.21 correlation means their historical movements had little consistent relationship. BIZD charges 12.86%/yr vs 0.78%/yr for DBO.
Performance
BIZD vs. DBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIZD achieves a -4.84% return, which is significantly lower than DBO's 66.72% return. Over the past 10 years, BIZD has underperformed DBO with an annualized return of 7.38%, while DBO has yielded a comparatively higher 11.43% annualized return.
BIZD
- 1D
- 2.74%
- 1M
- 1.84%
- 6M
- -1.94%
- YTD
- -4.84%
- 1Y
- -10.71%
- 3Y*
- 3.90%
- 5Y*
- 5.36%
- 10Y*
- 7.38%
- ALL TIME*
- 6.33%
DBO
- 1D
- -5.53%
- 1M
- 17.71%
- 6M
- 53.16%
- YTD
- 66.72%
- 1Y
- 51.44%
- 3Y*
- 12.33%
- 5Y*
- 13.64%
- 10Y*
- 11.43%
- ALL TIME*
- 0.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.10M | $40.21M | $41.46M | |
| $11.34M | $10.71M | $13.49M |
BIZD vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -4.84% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
DBO Invesco DB Oil Fund | 66.72% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
Correlation
The correlation between BIZD and DBO is -0.17, 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. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.21 |
The correlation between BIZD and DBO shifts across timeframes, from -0.17 (1 year) to 0.21 (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. DBO — Risk / Return Rank
BIZD
DBO
BIZD vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Invesco DB Oil Fund (DBO). 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 | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.23 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 1.86 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.96 | 5.64 | -6.60 |
Loading charts...
Drawdowns
BIZD vs. DBO - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for BIZD and DBO.
Loading charts...
Drawdown Indicators
| BIZD | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -90.18% | +34.74% |
Max Drawdown (1Y)Largest decline over 1 year | -18.99% | -27.73% | +8.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -28.20% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -37.68% | +14.77% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -61.69% | +6.25% |
Current DrawdownCurrent decline from peak | -15.60% | -56.13% | +40.53% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -62.20% | +55.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 9.16% | +2.06% |
Volatility
BIZD vs. DBO - Volatility Comparison
The current volatility for VanEck BDC Income ETF (BIZD) is 5.43%, while Invesco DB Oil Fund (DBO) has a volatility of 18.99%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BIZD | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 18.99% | -13.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | 34.30% | -18.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 38.86% | -19.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 33.43% | -15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 32.24% | -10.41% |
BIZD vs. DBO - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than DBO's 0.78% expense ratio.
Dividends
BIZD vs. DBO - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 11.96%, more than DBO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 11.96% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
DBO Invesco DB Oil Fund | 2.11% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIZD and DBO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (18.99%) compared to BIZD (5.43%). In terms of maximum drawdown, BIZD dropped -55.44% vs DBO's -90.18%.
On 10-year performance, DBO leads with 11.43% vs 7.38% for BIZD. On fees, DBO is cheaper at 0.78% per year. On volatility, BIZD has been the lower-risk option at 5.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBO has performed better with a 11.43% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBO is cheaper with a 0.78% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 11.96%, compared with 2.11% for DBO.
BIZD is categorized as Financials Equities, while DBO is Oil & Gas. BIZD tracks MVIS US Business Development Companies Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: VanEck and Invesco. Their fees differ too: 12.86% for BIZD and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.33 vs -0.57), 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 DBO
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