BIZD vs. PBDCX
Compare and contrast key facts about VanEck Vectors BDC Income ETF (BIZD) and PIMCO Investment Grade Credit Bond Fund Class C (PBDCX).
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. PBDCX is an actively managed fund by PIMCO. It was launched on Sep 3, 2004.
Performance
BIZD vs. PBDCX - Performance Comparison
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BIZD vs. PBDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | -11.26% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | -1.37% | 7.27% | 2.10% | 6.82% | -17.38% | -2.01% | 6.29% | 13.44% | -3.12% | 6.73% |
Returns By Period
In the year-to-date period, BIZD achieves a -11.26% return, which is significantly lower than PBDCX's -1.37% return. Over the past 10 years, BIZD has outperformed PBDCX with an annualized return of 7.53%, while PBDCX has yielded a comparatively lower 1.79% annualized return.
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%
PBDCX
- 1D
- 0.45%
- 1M
- -2.49%
- YTD
- -1.37%
- 6M
- -0.78%
- 1Y
- 2.71%
- 3Y*
- 3.69%
- 5Y*
- -0.54%
- 10Y*
- 1.79%
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BIZD vs. PBDCX - Expense Ratio Comparison
BIZD has a 10.92% expense ratio, which is higher than PBDCX's 2.19% expense ratio.
Return for Risk
BIZD vs. PBDCX — Risk / Return Rank
BIZD
PBDCX
BIZD vs. PBDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors BDC Income ETF (BIZD) and PIMCO Investment Grade Credit Bond Fund Class C (PBDCX). 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 | PBDCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | 0.61 | -1.42 |
Sortino ratioReturn per unit of downside risk | -1.05 | 0.85 | -1.90 |
Omega ratioGain probability vs. loss probability | 0.87 | 1.11 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.01 | -1.75 |
Martin ratioReturn relative to average drawdown | -1.49 | 3.32 | -4.80 |
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 | PBDCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 0.61 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | -0.09 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.31 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.73 | -0.43 |
Correlation
The correlation between BIZD and PBDCX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BIZD vs. PBDCX - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 14.23%, more than PBDCX's 3.38% 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% |
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | 3.38% | 3.55% | 3.21% | 2.45% | 2.46% | 3.48% | 2.69% | 2.82% | 3.04% | 3.33% | 2.76% | 5.47% |
Drawdowns
BIZD vs. PBDCX - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than PBDCX's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for BIZD and PBDCX.
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Drawdown Indicators
| BIZD | PBDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -23.73% | -31.71% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -3.98% | -18.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -23.70% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -23.73% | -31.71% |
Current DrawdownCurrent decline from peak | -21.29% | -6.57% | -14.72% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -4.00% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 1.22% | +9.76% |
Volatility
BIZD vs. PBDCX - Volatility Comparison
VanEck Vectors BDC Income ETF (BIZD) has a higher volatility of 6.68% compared to PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) at 2.25%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than PBDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | PBDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 2.25% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 3.16% | +11.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 5.09% | +16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 6.32% | +10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 5.72% | +15.87% |