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BIZD vs. PFLT

Last updated Jun 2, 2023

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


BIZDPFLT
YTD Return8.34%2.55%
1Y Return2.84%-0.06%
5Y Return (Ann)8.11%5.61%
10Y Return (Ann)6.56%6.40%
Sharpe Ratio0.140.05
Daily Std Dev22.55%32.46%
Max Drawdown-55.47%-69.77%

Correlation

0.56
-1.001.00

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.


-10.00%-5.00%0.00%5.00%2023FebruaryMarchAprilMayJune
4.88%
-0.93%
BIZD
PFLT

Compare stocks, funds, or ETFs


VanEck Vectors BDC Income ETF

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.


TTM20222021202020192018201720162015201420132012
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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BIZD
VanEck Vectors BDC Income ETF
0.14
PFLT
PennantPark Floating Rate Capital Ltd.
0.05

BIZD vs. PFLT - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is 0.14, which is higher than the PFLT Sharpe Ratio of 0.05. The chart below compares the 12-month rolling Sharpe Ratio of BIZD and PFLT.


-0.40-0.200.000.202023FebruaryMarchAprilMayJune
0.14
0.05
BIZD
PFLT

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


-25.00%-20.00%-15.00%-10.00%-5.00%2023FebruaryMarchAprilMayJune
-7.13%
-15.31%
BIZD
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.


5.00%10.00%15.00%20.00%2023FebruaryMarchAprilMayJune
5.21%
6.20%
BIZD
PFLT