BIZD vs. FDIQ
BIZD (VanEck BDC Income ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - BIZD tracks the MVIS US Business Development Companies Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, BIZD returned 7.77%/yr vs 7.60%/yr for FDIQ. A 0.53 correlation means they provide meaningful diversification when combined. BIZD charges 0.42%/yr vs 0.35%/yr for FDIQ.
Performance
BIZD vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -8.99% return, which is significantly lower than FDIQ's 9.72% return. Both investments have delivered pretty close results over the past 10 years, with BIZD having a 7.77% annualized return and FDIQ not far behind at 7.60%.
BIZD
- 1D
- -2.28%
- 1M
- -6.62%
- YTD
- -8.99%
- 6M
- -10.20%
- 1Y
- -12.94%
- 3Y*
- 5.27%
- 5Y*
- 4.03%
- 10Y*
- 7.77%
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
BIZD vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -8.99% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between BIZD and FDIQ is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2013 | 0.53 |
The correlation between BIZD and FDIQ has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
BIZD vs. FDIQ — Risk / Return Rank
BIZD
FDIQ
BIZD vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
| BIZD | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.20 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.07 | -2.66 |
| Martin ratioReturn relative to average drawdown | -1.03 | 5.26 | -6.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIZD | FDIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 1.04 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.13 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.24 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.37 | -0.07 |
Drawdowns
BIZD vs. FDIQ - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, roughly equal to the maximum FDIQ drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for BIZD and FDIQ.
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Drawdown Indicators
| BIZD | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -52.86% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -11.13% | -11.09% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -28.09% | +5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -42.99% | +20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -52.86% | -2.58% |
Current DrawdownCurrent decline from peak | -19.27% | -8.53% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -11.56% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.63% | 4.38% | +8.25% |
Volatility
BIZD vs. FDIQ - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 4.79% compared to Invesco Bloomberg Financial Data Providers ETF (FDIQ) at 4.06%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.06% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 13.93% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 22.14% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 28.70% | -11.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 31.12% | -9.38% |
BIZD vs. FDIQ - Expense Ratio Comparison
BIZD has a 0.42% expense ratio, which is higher than FDIQ's 0.35% expense ratio.
Dividends
BIZD vs. FDIQ - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 13.87%, more than FDIQ's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.87% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
Frequently Asked Questions
BIZD and FDIQ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (4.79%) compared to FDIQ (4.06%). In terms of maximum drawdown, BIZD dropped -55.44% vs FDIQ's -52.86%.
On 10-year performance, BIZD leads with 7.77% vs 7.60% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIZD has performed better with a 7.77% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.42% for BIZD.
BIZD has the higher dividend yield at 13.87%, compared with 2.56% for FDIQ.
BIZD tracks MVIS US Business Development Companies Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.42% for BIZD and 0.35% for FDIQ.
FDIQ currently has the higher Sharpe Ratio (1.04 vs -0.72), 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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