BIZD vs. HYIN
BIZD (VanEck BDC Income ETF) and HYIN (WisdomTree Alternative Income Fund) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index. Both are passively managed. Over the past 5 years, BIZD returned 3.92%/yr vs -1.13%/yr for HYIN. A 0.78 correlation means they provide meaningful diversification when combined. BIZD charges 12.86%/yr vs 3.20%/yr for HYIN.
Performance
BIZD vs. HYIN - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -9.87% return, which is significantly lower than HYIN's -6.85% return.
BIZD
- 1D
- 0.65%
- 1M
- -0.65%
- YTD
- -9.87%
- 6M
- -8.40%
- 1Y
- -12.75%
- 3Y*
- 5.35%
- 5Y*
- 3.92%
- 10Y*
- 7.56%
HYIN
- 1D
- 0.76%
- 1M
- -0.63%
- YTD
- -6.85%
- 6M
- -5.87%
- 1Y
- -6.58%
- 3Y*
- 4.25%
- 5Y*
- -1.13%
- 10Y*
- —
BIZD vs. HYIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -9.87% | -4.96% | 15.63% | 27.02% | -8.51% | 8.93% |
HYIN WisdomTree Alternative Income Fund | -6.85% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
Correlation
The correlation between BIZD and HYIN is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.78 |
The correlation between BIZD and HYIN has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
BIZD vs. HYIN — Risk / Return Rank
BIZD
HYIN
BIZD vs. HYIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and WisdomTree Alternative Income Fund (HYIN). 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 | HYIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.93 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.43 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.96 | -0.85 | -0.11 |
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Drawdowns
BIZD vs. HYIN - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than HYIN's maximum drawdown of -31.10%. Use the drawdown chart below to compare losses from any high point for BIZD and HYIN.
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Drawdown Indicators
| BIZD | HYIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -31.10% | -24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -15.52% | -6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -15.85% | -6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -31.10% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | — | — |
Current DrawdownCurrent decline from peak | -20.05% | -12.58% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -9.04% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.30% | 7.73% | +5.57% |
Volatility
BIZD vs. HYIN - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.60% compared to WisdomTree Alternative Income Fund (HYIN) at 3.44%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than HYIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | HYIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 3.44% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 10.31% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 12.94% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 16.78% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 16.76% | +5.02% |
BIZD vs. HYIN - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than HYIN's 3.20% expense ratio.
Dividends
BIZD vs. HYIN - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 14.01%, more than HYIN's 13.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 14.01% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
HYIN WisdomTree Alternative Income Fund | 13.50% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIZD and HYIN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.60%) compared to HYIN (3.44%). In terms of maximum drawdown, BIZD dropped -55.44% vs HYIN's -31.10%.
On 5-year performance, BIZD leads with 3.92% vs -1.13% for HYIN. On fees, HYIN is cheaper at 3.20% per year. On volatility, HYIN has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BIZD has performed better with a 3.92% return vs -1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYIN is cheaper with a 3.20% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 14.01%, compared with 13.50% for HYIN.
BIZD is categorized as Financials Equities, while HYIN is Diversified Portfolio. BIZD tracks MVIS US Business Development Companies Index, while HYIN tracks Gapstow Liquid Alternative Credit Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 12.86% for BIZD and 3.20% for HYIN.
HYIN currently has the higher Sharpe Ratio (-0.51 vs -0.69), 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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