BIZD vs. JPIE

Last updated Jun 20, 2026

BIZD (VanEck BDC Income ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. BIZD is passively managed, while JPIE is actively managed. Over the past 3 years, BIZD returned 4.52%/yr vs 6.52%/yr for JPIE. At a 0.32 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.40%/yr for JPIE.

Performance

BIZD vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIZD achieves a -9.43% return, which is significantly lower than JPIE's 1.54% return.

BIZD

• 1D: 0.16%
• 1M: -1.20%
• YTD: -9.43%
• 6M: -8.46%
• 1Y: -13.47%
• 3Y*: 4.52%
• 5Y*: 4.48%
• 10Y*: 7.66%

JPIE

• 1D: 0.00%
• 1M: 0.57%
• YTD: 1.54%
• 6M: 1.70%
• 1Y: 5.71%
• 3Y*: 6.52%
• 5Y*: —
• 10Y*: —

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

BIZD vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BIZD VanEck BDC Income ETF	-9.43%	-4.96%	15.63%	27.02%	-8.51%	0.18%
JPIE JPMorgan Income ETF	1.54%	7.39%	6.32%	7.07%	-6.13%	0.27%

Correlation

The correlation between BIZD and JPIE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021	0.32

Return for Risk

BIZD vs. JPIE — 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: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 4

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 95
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 89
JPIE Martin Ratio Rank: 94

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. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and JPMorgan Income ETF (JPIE). 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	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	3.54	-4.28
Sortino ratio: Return per unit of downside risk	-0.95	5.50	-6.45
Omega ratio: Gain probability vs. loss probability	0.89	1.80	-0.91
Calmar ratio: Return relative to maximum drawdown	-0.61	5.00	-5.61
Martin ratio: Return relative to average drawdown	-1.02	24.56	-25.58

BIZD vs. JPIE - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.73, which is lower than the JPIE Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of BIZD and JPIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIZD vs. JPIE - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for BIZD and JPIE.

Drawdown Indicators

	BIZD	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-9.96%	-45.48%
Max Drawdown (1Y) Largest decline over 1 year	-22.22%	-1.15%	-21.07%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-2.40%	-20.16%
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	-19.66%	-0.28%	-19.38%
Average Drawdown Average peak-to-trough decline	-6.75%	-2.08%	-4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.18%	0.23%	+12.95%

Volatility

BIZD vs. JPIE - Volatility Comparison

VanEck BDC Income ETF (BIZD) has a higher volatility of 5.51% compared to JPMorgan Income ETF (JPIE) at 0.62%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIZD	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	0.62%	+4.89%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	1.34%	+13.80%
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	1.62%	+16.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	3.51%	+13.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	3.51%	+18.26%

BIZD vs. JPIE - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than JPIE's 0.40% expense ratio.

Dividends

BIZD vs. JPIE - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 13.94%, more than JPIE's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	13.94%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
JPIE JPMorgan Income ETF	5.61%	5.65%	6.11%	5.70%	4.49%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIZD and JPIE in my portfolio?

BIZD and JPIE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIZD or JPIE?

BIZD has higher volatility (5.51%) compared to JPIE (0.62%). In terms of maximum drawdown, BIZD dropped -55.44% vs JPIE's -9.96%.

Which ETF is better, BIZD or JPIE?

On 3-year performance, JPIE leads with 6.52% vs 4.52% for BIZD. On fees, JPIE is cheaper at 0.40% per year. On volatility, JPIE has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIZD or JPIE?

Over the 3-year period, JPIE has performed better with a 6.52% return vs 4.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIZD or JPIE?

JPIE is cheaper with a 0.40% expense ratio, compared with 12.86% for BIZD.

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

BIZD has the higher dividend yield at 13.94%, compared with 5.61% for JPIE.

What is the main difference between BIZD and JPIE?

BIZD is categorized as Financials Equities, while JPIE is Multisector Bonds. They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 12.86% for BIZD and 0.40% for JPIE.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.54 vs -0.73), 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.