BIZD vs. PFLT
Compare and contrast key facts about VanEck Vectors BDC Income ETF (BIZD) and PennantPark Floating Rate Capital Ltd. (PFLT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIZD or PFLT.
Key characteristics
| BIZD | PFLT | |
|---|---|---|
| YTD Return | 8.34% | 2.55% |
| 1Y Return | 2.84% | -0.06% |
| 5Y Return (Ann) | 8.11% | 5.61% |
| 10Y Return (Ann) | 6.56% | 6.40% |
| Sharpe Ratio | 0.14 | 0.05 |
| Daily Std Dev | 22.55% | 32.46% |
| Max Drawdown | -55.47% | -69.77% |
Correlation
The correlation between BIZD and PFLT is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BIZD vs. PFLT - Performance Comparison
In the year-to-date period, BIZD achieves a 8.34% return, which is significantly higher than PFLT's 2.55% return. Both investments have delivered pretty close results over the past 10 years, with BIZD having a 6.56% annualized return and PFLT not far behind at 6.40%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIZD vs. PFLT - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 13.58%, less than PFLT's 15.13% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | 13.58% | 11.55% | 9.33% | 12.94% | 12.89% | 16.85% | 15.58% | 15.81% | 18.54% | 18.84% | 13.03% | 0.00% |
PFLT PennantPark Floating Rate Capital Ltd. | 15.13% | 10.85% | 10.25% | 13.60% | 13.41% | 15.51% | 14.26% | 15.04% | 20.52% | 17.53% | 18.38% | 19.39% |
BIZD vs. PFLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors BDC Income ETF (BIZD) and PennantPark Floating Rate Capital Ltd. (PFLT). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BIZD VanEck Vectors BDC Income ETF | 0.14 | ||||
PFLT PennantPark Floating Rate Capital Ltd. | 0.05 |
BIZD vs. PFLT - Drawdown Comparison
The maximum BIZD drawdown for the period was -15.74%, higher than the maximum PFLT drawdown of -24.72%. The drawdown chart below compares losses from any high point along the way for BIZD and PFLT
BIZD vs. PFLT - Volatility Comparison
The current volatility for VanEck Vectors BDC Income ETF (BIZD) is 5.21%, while PennantPark Floating Rate Capital Ltd. (PFLT) has a volatility of 6.20%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.