PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BIZD vs. KBWB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIZD vs. KBWB

Last updated Aug 4, 2026
Documentation

BIZD (VanEck BDC Income ETF) and KBWB (Invesco KBW Bank ETF) are both Financials Equities funds - BIZD tracks the MVIS US Business Development Companies Index while KBWB tracks the KBW Nasdaq Bank Index. Both are passively managed. Over the past 10 years, BIZD returned 7.38%/yr vs 13.28%/yr for KBWB. Their 0.56 correlation means they have sometimes moved together and sometimes differently. BIZD charges 12.86%/yr vs 0.35%/yr for KBWB.

Performance

BIZD vs. KBWB - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, BIZD achieves a -4.84% return, which is significantly lower than KBWB's 16.47% return. Over the past 10 years, BIZD has underperformed KBWB with an annualized return of 7.38%, while KBWB has yielded a comparatively higher 13.28% annualized return.

BIZD

1D
2.74%
1M
1.84%
6M
-1.94%
YTD
-4.84%
1Y
-10.71%
3Y*
3.90%
5Y*
5.36%
10Y*
7.38%
ALL TIME*
6.33%

KBWB

1D
1.02%
1M
2.76%
6M
12.02%
YTD
16.47%
1Y
38.27%
3Y*
32.62%
5Y*
12.16%
10Y*
13.28%
ALL TIME*
13.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BIZD

VanEck BDC Income ETF
$35.10M$40.21M$41.46M

KBWB

Invesco KBW Bank ETF
$139.32M$188.64M$159.10M

BIZD vs. KBWB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BIZD
VanEck BDC Income ETF		-4.84%-4.96%15.63%27.02%-8.51%36.25%-7.12%30.87%-6.88%0.36%
KBWB
Invesco KBW Bank ETF		16.47%32.05%36.73%-1.18%-21.68%37.72%-10.46%35.90%-18.30%18.11%

Correlation

The correlation between BIZD and KBWB is 0.48, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.48

Correlation (3Y)
Balances recent behavior with more history.

0.52

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.59

Correlation (10Y)
Provides a long-term view across more market conditions.

0.55

Correlation (All Time)
Calculated using the full available price history since Feb 12, 2013

0.56

The correlation between BIZD and KBWB shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

BIZD vs. KBWB - Sectors Allocation Comparison

Sectors
BIZD
KBWB

Financial Services

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

BIZD
100.0%
KBWB
100.0%

Basic Materials

BIZD

-

KBWB

-

Communication Services

BIZD

-

KBWB

-

Consumer Cyclical

BIZD

-

KBWB

-

Consumer Defensive

BIZD

-

KBWB

-

Energy

BIZD

-

KBWB

-

Healthcare

BIZD

-

KBWB

-

Industrials

BIZD

-

KBWB

-

Real Estate

BIZD

-

KBWB

-

Technology

BIZD

-

KBWB

-

Utilities

BIZD

-

KBWB

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck BDC Income ETF

Invesco KBW Bank ETF

Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. HYIN
Often compared with KBWB:
KBWB vs. XLFKBWB vs. KREKBWB vs. KBEKBWB vs. VFHKBWB vs. IYFKBWB vs. SPYKBWB vs. FTXO

Return for Risk

BIZD vs. KBWB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BIZD
BIZD Risk / Return Rank: 55
Overall Rank
BIZD Sharpe Ratio Rank: 55
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 55
Sortino Ratio Rank
BIZD Omega Ratio Rank: 55
Omega Ratio Rank
BIZD Calmar Ratio Rank: 55
Calmar Ratio Rank
BIZD Martin Ratio Rank: 55
Martin Ratio Rank
KBWB
KBWB Risk / Return Rank: 7272
Overall Rank
KBWB Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
KBWB Sortino Ratio Rank: 7575
Sortino Ratio Rank
KBWB Omega Ratio Rank: 7777
Omega Ratio Rank
KBWB Calmar Ratio Rank: 6565
Calmar Ratio Rank
KBWB Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIZD vs. KBWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Invesco KBW Bank ETF (KBWB). 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.

BIZDKBWBDifference
Sharpe ratioReturn per unit of total volatility
-0.57
1.88

-2.45

Sortino ratioReturn per unit of downside risk
-0.71
2.48

-3.18

Omega ratioGain probability vs. loss probability

0.92

1.33

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.57

2.35

-2.91

Martin ratioReturn relative to average drawdown

-0.96

7.42

-8.37

BIZD vs. KBWB - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.57, which is lower than the KBWB Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BIZD and KBWB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

BIZD vs. KBWB - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than KBWB's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for BIZD and KBWB.

Loading charts...

Drawdown Indicators

BIZDKBWBDifference

Max Drawdown

Largest peak-to-trough decline

-55.44%

-50.27%

-5.17%

Max Drawdown (1Y)

Largest decline over 1 year

-18.99%

-16.38%

-2.61%

Max Drawdown (3Y)

Largest decline over 3 years

-22.56%

-25.43%

+2.87%

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

-49.31%

+26.40%

Max Drawdown (10Y)

Largest decline over 10 years

-55.44%

-50.27%

-5.17%

Current Drawdown

Current decline from peak

-15.60%

-1.41%

-14.19%

Average Drawdown

Average peak-to-trough decline

-6.85%

-11.62%

+4.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.22%

5.17%

+6.05%

Volatility

BIZD vs. KBWB - Volatility Comparison

The current volatility for VanEck BDC Income ETF (BIZD) is 5.43%, while Invesco KBW Bank ETF (KBWB) has a volatility of 5.87%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than KBWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BIZDKBWBDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.43%

5.87%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

15.32%

15.97%

-0.65%

Volatility (1Y)

Calculated over the trailing 1-year period

19.00%

20.47%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.56%

26.39%

-8.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.83%

29.07%

-7.24%

BIZD vs. KBWB - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than KBWB's 0.35% expense ratio.

Dividends

BIZD vs. KBWB - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 11.96%, more than KBWB's 1.91% yield.

PositionTTM20252024202320222021202020192018201720162015
BIZD
VanEck BDC Income ETF		11.96%11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%
KBWB
Invesco KBW Bank ETF		1.91%2.04%2.46%3.20%3.05%2.13%2.62%2.38%2.54%1.35%1.53%1.53%

Frequently Asked Questions

BIZD and KBWB have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KBWB has higher volatility (5.87%) compared to BIZD (5.43%). In terms of maximum drawdown, BIZD dropped -55.44% vs KBWB's -50.27%.

On 10-year performance, KBWB leads with 13.28% vs 7.38% for BIZD. On fees, KBWB is cheaper at 0.35% per year. On volatility, BIZD has been the lower-risk option at 5.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, KBWB has performed better with a 13.28% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KBWB is cheaper with a 0.35% expense ratio, compared with 12.86% for BIZD.

BIZD has the higher dividend yield at 11.96%, compared with 1.91% for KBWB.

BIZD tracks MVIS US Business Development Companies Index, while KBWB tracks KBW Nasdaq Bank Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 12.86% for BIZD and 0.35% for KBWB.

KBWB currently has the higher Sharpe Ratio (1.88 vs -0.57), 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.

Portfolio Optimizer

Find the right allocation for BIZD and KBWB

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer