BIZD vs. PBDC
Compare and contrast key facts about VanEck Vectors BDC Income ETF (BIZD) and Putnam BDC Income ETF (PBDC).
BIZD and PBDC 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. PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022.
Performance
BIZD vs. PBDC - Performance Comparison
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BIZD vs. PBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | -11.26% | -4.96% | 15.63% | 27.02% | 10.71% |
PBDC Putnam BDC Income ETF | -11.37% | -1.77% | 19.43% | 30.52% | 10.86% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BIZD having a -11.26% return and PBDC slightly lower at -11.37%.
BIZD
- 1D
- -1.69%
- 1M
- -2.45%
- YTD
- -11.26%
- 6M
- -9.63%
- 1Y
- -17.22%
- 3Y*
- 5.73%
- 5Y*
- 5.22%
- 10Y*
- 7.53%
PBDC
- 1D
- -1.67%
- 1M
- -0.77%
- YTD
- -11.37%
- 6M
- -8.48%
- 1Y
- -14.06%
- 3Y*
- 8.72%
- 5Y*
- —
- 10Y*
- —
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BIZD vs. PBDC - Expense Ratio Comparison
BIZD has a 10.92% expense ratio, which is higher than PBDC's 6.79% expense ratio.
Return for Risk
BIZD vs. PBDC — Risk / Return Rank
BIZD
PBDC
BIZD vs. PBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors BDC Income ETF (BIZD) and Putnam BDC Income ETF (PBDC). 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 | PBDC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | -0.65 | -0.16 |
Sortino ratioReturn per unit of downside risk | -1.05 | -0.79 | -0.26 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.90 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.67 | -0.06 |
Martin ratioReturn relative to average drawdown | -1.49 | -1.42 | -0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIZD | PBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | -0.65 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.74 | -0.45 |
Correlation
The correlation between BIZD and PBDC is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIZD vs. PBDC - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 14.23%, more than PBDC's 11.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | 14.23% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
PBDC Putnam BDC Income ETF | 11.89% | 10.53% | 9.29% | 9.86% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIZD vs. PBDC - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than PBDC's maximum drawdown of -20.47%. Use the drawdown chart below to compare losses from any high point for BIZD and PBDC.
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Drawdown Indicators
| BIZD | PBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -20.47% | -34.97% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -20.15% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | — | — |
Current DrawdownCurrent decline from peak | -21.29% | -18.70% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -4.15% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 9.54% | +1.44% |
Volatility
BIZD vs. PBDC - Volatility Comparison
VanEck Vectors BDC Income ETF (BIZD) and Putnam BDC Income ETF (PBDC) have volatilities of 6.68% and 6.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | PBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 6.39% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 14.34% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 21.68% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 16.75% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 16.75% | +4.84% |