BIZD vs. IWM
Compare and contrast key facts about VanEck Vectors BDC Income ETF (BIZD) and iShares Russell 2000 ETF (IWM).
BIZD and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both BIZD and IWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIZD or IWM.
Key characteristics
BIZD | IWM | |
---|---|---|
YTD Return | 5.36% | 5.04% |
1Y Return | 29.17% | 21.53% |
3Y Return (Ann) | 12.27% | 0.67% |
5Y Return (Ann) | 11.73% | 7.98% |
10Y Return (Ann) | 7.80% | 7.54% |
Sharpe Ratio | 2.42 | 1.17 |
Daily Std Dev | 12.31% | 19.66% |
Max Drawdown | -55.47% | -59.05% |
Current Drawdown | 0.00% | -10.24% |
Correlation
The correlation between BIZD and IWM is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BIZD vs. IWM - Performance Comparison
In the year-to-date period, BIZD achieves a 5.36% return, which is significantly higher than IWM's 5.04% return. Both investments have delivered pretty close results over the past 10 years, with BIZD having a 7.80% annualized return and IWM not far behind at 7.54%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
BIZD vs. IWM - Expense Ratio Comparison
Risk-Adjusted Performance
BIZD vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors BDC Income ETF (BIZD) and iShares Russell 2000 ETF (IWM). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
VanEck Vectors BDC Income ETF | 2.42 | ||||
iShares Russell 2000 ETF | 1.17 |
Dividends
BIZD vs. IWM - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 10.41%, more than IWM's 1.23% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
VanEck Vectors BDC Income ETF | 10.41% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
iShares Russell 2000 ETF | 1.23% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
BIZD vs. IWM - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.47%, smaller than the maximum IWM drawdown of -59.05%. The drawdown chart below compares losses from any high point along the way for BIZD and IWM
Volatility
BIZD vs. IWM - Volatility Comparison
The current volatility for VanEck Vectors BDC Income ETF (BIZD) is 2.60%, while iShares Russell 2000 ETF (IWM) has a volatility of 4.52%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.