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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIZD or PBDC.
Performance
BIZD vs. PBDC - Performance Comparison
Returns By Period
In the year-to-date period, BIZD achieves a 11.32% return, which is significantly lower than PBDC's 14.44% return.
BIZD
11.32%
-0.61%
1.59%
16.59%
11.10%
8.57%
PBDC
14.44%
-0.12%
2.97%
19.90%
N/A
N/A
Key characteristics
| BIZD | PBDC | |
|---|---|---|
| Sharpe Ratio | 1.55 | 1.83 |
| Sortino Ratio | 2.10 | 2.46 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 1.93 | 2.38 |
| Martin Ratio | 7.15 | 9.42 |
| Ulcer Index | 2.36% | 2.14% |
| Daily Std Dev | 10.91% | 11.04% |
| Max Drawdown | -55.47% | -10.57% |
| Current Drawdown | -1.14% | -0.65% |
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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.
Correlation
The correlation between BIZD and PBDC is 0.94, 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.
Risk-Adjusted Performance
BIZD vs. PBDC - Risk-Adjusted Performance 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.
Dividends
BIZD vs. PBDC - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 11.22%, more than PBDC's 9.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | 11.22% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
PBDC Putnam BDC Income ETF | 9.67% | 9.86% | 3.40% | 0.00% | 0.00% | 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 -55.47%, which is greater than PBDC's maximum drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for BIZD and PBDC. For additional features, visit the drawdowns tool.
Volatility
BIZD vs. PBDC - Volatility Comparison
The current volatility for VanEck Vectors BDC Income ETF (BIZD) is 3.52%, while Putnam BDC Income ETF (PBDC) has a volatility of 3.73%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than PBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.