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BIZD vs. PFLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BIZDPFLT
YTD Return9.06%-0.92%
1Y Return28.72%21.38%
3Y Return (Ann)10.15%6.15%
5Y Return (Ann)11.81%10.84%
10Y Return (Ann)8.02%7.93%
Sharpe Ratio2.391.35
Daily Std Dev10.80%14.86%
Max Drawdown-55.47%-69.77%
Current Drawdown-2.19%-4.92%

Correlation

-0.50.00.51.00.6

The correlation between BIZD and PFLT is 0.57, 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.

Performance

BIZD vs. PFLT - Performance Comparison

In the year-to-date period, BIZD achieves a 9.06% return, which is significantly higher than PFLT's -0.92% return. Both investments have delivered pretty close results over the past 10 years, with BIZD having a 8.02% annualized return and PFLT not far behind at 7.93%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


120.00%130.00%140.00%150.00%2024FebruaryMarchAprilMayJune
138.64%
138.28%
BIZD
PFLT

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VanEck Vectors BDC Income ETF

PennantPark Floating Rate Capital Ltd.

Risk-Adjusted Performance

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.


BIZD
Sharpe ratio
The chart of Sharpe ratio for BIZD, currently valued at 2.39, compared to the broader market0.002.004.006.002.39
Sortino ratio
The chart of Sortino ratio for BIZD, currently valued at 3.29, compared to the broader market0.005.0010.003.29
Omega ratio
The chart of Omega ratio for BIZD, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.003.501.42
Calmar ratio
The chart of Calmar ratio for BIZD, currently valued at 3.33, compared to the broader market0.005.0010.0015.0020.003.33
Martin ratio
The chart of Martin ratio for BIZD, currently valued at 16.03, compared to the broader market0.0020.0040.0060.0080.00100.0016.03
PFLT
Sharpe ratio
The chart of Sharpe ratio for PFLT, currently valued at 1.35, compared to the broader market0.002.004.006.001.35
Sortino ratio
The chart of Sortino ratio for PFLT, currently valued at 1.88, compared to the broader market0.005.0010.001.88
Omega ratio
The chart of Omega ratio for PFLT, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.003.501.24
Calmar ratio
The chart of Calmar ratio for PFLT, currently valued at 1.01, compared to the broader market0.005.0010.0015.0020.001.01
Martin ratio
The chart of Martin ratio for PFLT, currently valued at 3.39, compared to the broader market0.0020.0040.0060.0080.00100.003.39

BIZD vs. PFLT - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is 2.39, which is higher than the PFLT Sharpe Ratio of 1.35. The chart below compares the 12-month rolling Sharpe Ratio of BIZD and PFLT.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.502024FebruaryMarchAprilMayJune
2.39
1.35
BIZD
PFLT

Dividends

BIZD vs. PFLT - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 10.48%, less than PFLT's 10.83% yield.


TTM20232022202120202019201820172016201520142013
BIZD
VanEck Vectors BDC Income ETF
10.48%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%8.51%5.45%
PFLT
PennantPark Floating Rate Capital Ltd.
10.83%9.98%10.38%8.93%10.83%9.36%9.85%8.31%8.08%10.04%7.87%7.63%

Drawdowns

BIZD vs. PFLT - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.47%, smaller than the maximum PFLT drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for BIZD and PFLT. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%2024FebruaryMarchAprilMayJune
-2.19%
-4.92%
BIZD
PFLT

Volatility

BIZD vs. PFLT - Volatility Comparison

VanEck Vectors BDC Income ETF (BIZD) has a higher volatility of 2.49% compared to PennantPark Floating Rate Capital Ltd. (PFLT) at 2.12%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%2024FebruaryMarchAprilMayJune
2.49%
2.12%
BIZD
PFLT