BIZD vs. HYGI

Last updated Jun 9, 2026

BIZD (VanEck BDC Income ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a 0.50 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.52%/yr for HYGI.

Performance

BIZD vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BIZD

• 1D: -0.32%
• 1M: -3.49%
• YTD: -8.77%
• 6M: -11.00%
• 1Y: -13.11%
• 3Y*: 4.91%
• 5Y*: 3.86%
• 10Y*: 7.80%

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIZD vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BIZD VanEck BDC Income ETF	-8.77%	-4.96%	15.63%	27.02%	1.98%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Correlation

The correlation between BIZD and HYGI is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022	0.50

Over the past year, the correlation between BIZD and HYGI has dropped to 0.06 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

BIZD vs. HYGI - Sectors Allocation Comparison

Sectors	BIZD	HYGI
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	0.4%
Technology	-	-
Utilities	-	99.6%

Return for Risk

BIZD vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIZD

BIZD Risk / Return Rank: 4
BIZD Sharpe Ratio Rank: 4
BIZD Sortino Ratio Rank: 4
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIZD vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	—	—
Sortino ratio: Return per unit of downside risk	-0.94	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.59	—	—
Martin ratio: Return relative to average drawdown	-1.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BIZD	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	—	—

Drawdowns

Drawdown Indicators

	BIZD	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-22.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.44%	—	—
Current Drawdown Current decline from peak	-19.08%	—	—
Average Drawdown Average peak-to-trough decline	-6.73%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	—	—

Volatility

Volatility by Period

	BIZD	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	—	—

BIZD vs. HYGI - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than HYGI's 0.52% expense ratio.

Dividends

BIZD vs. HYGI - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 13.84%, while HYGI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	13.84%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.97%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIZD and HYGI in my portfolio?

BIZD and HYGI have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIZD or HYGI?

On fees, HYGI is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BIZD or HYGI?

HYGI is cheaper with a 0.52% expense ratio, compared with 12.86% for BIZD.

Which ETF pays a higher dividend yield, BIZD or HYGI?

BIZD has the higher dividend yield at 13.84%, compared with 0.97% for HYGI.

What is the main difference between BIZD and HYGI?

BIZD is categorized as Financials Equities, while HYGI is Inflation-Protected Bonds. BIZD tracks MVIS US Business Development Companies Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: VanEck and iShares. Their fees differ too: 12.86% for BIZD and 0.52% for HYGI.