BIZD vs. PSCF

Last updated Aug 4, 2026

BIZD (VanEck BDC Income ETF) and PSCF (Invesco S&P SmallCap Financials ETF) are both Financials Equities funds - BIZD tracks the MVIS US Business Development Companies Index while PSCF tracks the S&P SmallCap 600 Financials Index. Both are passively managed. Over the past 10 years, BIZD returned 7.38%/yr vs 7.65%/yr for PSCF. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BIZD charges 12.86%/yr vs 0.29%/yr for PSCF.

Performance

BIZD vs. PSCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and Invesco S&P SmallCap Financials ETF (PSCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIZD achieves a -4.84% return, which is significantly lower than PSCF's 19.38% return. Both investments have delivered pretty close results over the past 10 years, with BIZD having a 7.38% annualized return and PSCF not far ahead at 7.65%.

BIZD

• 1D: 2.74%
• 1M: 1.84%
• 6M: -1.94%
• YTD: -4.84%
• 1Y: -10.71%
• 3Y*: 3.90%
• 5Y*: 5.36%
• 10Y*: 7.38%
• ALL TIME*: 6.33%

PSCF

• 1D: 1.22%
• 1M: 2.99%
• 6M: 14.40%
• YTD: 19.38%
• 1Y: 29.43%
• 3Y*: 16.36%
• 5Y*: 6.66%
• 10Y*: 7.65%
• ALL TIME*: 9.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIZD VanEck BDC Income ETF	$35.10M	$40.21M	$41.46M
PSCF Invesco S&P SmallCap Financials ETF	$415.36K	$390.86K	$204.56K

BIZD vs. PSCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIZD VanEck BDC Income ETF	-4.84%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	0.36%
PSCF Invesco S&P SmallCap Financials ETF	19.38%	6.19%	15.50%	6.02%	-19.34%	27.82%	-9.07%	23.13%	-8.43%	6.71%

Correlation

The correlation between BIZD and PSCF is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013	0.60

The correlation between BIZD and PSCF has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

BIZD vs. PSCF - Sectors Allocation Comparison

Sectors	BIZD	PSCF
Financial Services	100.0%	66.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	0.4%
Real Estate	-	29.9%
Technology	-	3.4%
Utilities	-	-

Return for Risk

BIZD vs. PSCF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BIZD

BIZD Risk / Return Rank: 5
BIZD Sharpe Ratio Rank: 5
BIZD Sortino Ratio Rank: 5
BIZD Omega Ratio Rank: 5
BIZD Calmar Ratio Rank: 5
BIZD Martin Ratio Rank: 5

PSCF

PSCF Risk / Return Rank: 71
PSCF Sharpe Ratio Rank: 71
PSCF Sortino Ratio Rank: 73
PSCF Omega Ratio Rank: 69
PSCF Calmar Ratio Rank: 79
PSCF Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIZD vs. PSCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Invesco S&P SmallCap Financials ETF (PSCF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BIZD	PSCF	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.73	-2.30
Sortino ratio: Return per unit of downside risk	-0.71	2.48	-3.19
Omega ratio: Gain probability vs. loss probability	0.92	1.31	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.57	2.98	-3.55
Martin ratio: Return relative to average drawdown	-0.96	8.06	-9.01

BIZD vs. PSCF - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.57, which is lower than the PSCF Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of BIZD and PSCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIZD vs. PSCF - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than PSCF's maximum drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for BIZD and PSCF.

Drawdown Indicators

	BIZD	PSCF	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-45.46%	-9.98%
Max Drawdown (1Y) Largest decline over 1 year	-18.99%	-9.91%	-9.08%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-24.34%	+1.78%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-36.77%	+13.86%
Max Drawdown (10Y) Largest decline over 10 years	-55.44%	-45.46%	-9.98%
Current Drawdown Current decline from peak	-15.60%	-0.26%	-15.34%
Average Drawdown Average peak-to-trough decline	-6.85%	-8.51%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.22%	3.66%	+7.56%

Volatility

BIZD vs. PSCF - Volatility Comparison

VanEck BDC Income ETF (BIZD) has a higher volatility of 5.43% compared to Invesco S&P SmallCap Financials ETF (PSCF) at 4.61%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than PSCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIZD	PSCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	4.61%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	11.74%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	17.14%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	22.24%	-4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.83%	24.75%	-2.92%

BIZD vs. PSCF - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than PSCF's 0.29% expense ratio.

Dividends

BIZD vs. PSCF - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 11.96%, more than PSCF's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	11.96%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
PSCF Invesco S&P SmallCap Financials ETF	2.10%	2.09%	2.48%	3.32%	2.93%	1.83%	3.57%	4.27%	4.21%	2.26%	3.01%	2.37%

Frequently Asked Questions

Can I hold both BIZD and PSCF in my portfolio?

BIZD and PSCF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIZD or PSCF?

BIZD has higher volatility (5.43%) compared to PSCF (4.61%). In terms of maximum drawdown, BIZD dropped -55.44% vs PSCF's -45.46%.

Which ETF is better, BIZD or PSCF?

On 10-year performance, PSCF leads with 7.65% vs 7.38% for BIZD. On fees, PSCF is cheaper at 0.29% per year. On volatility, PSCF has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIZD or PSCF?

Over the 10-year period, PSCF has performed better with a 7.65% return vs 7.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIZD or PSCF?

PSCF is cheaper with a 0.29% expense ratio, compared with 12.86% for BIZD.

Which ETF pays a higher dividend yield, BIZD or PSCF?

BIZD has the higher dividend yield at 11.96%, compared with 2.10% for PSCF.

What is the main difference between BIZD and PSCF?

BIZD tracks MVIS US Business Development Companies Index, while PSCF tracks S&P SmallCap 600 Financials Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 12.86% for BIZD and 0.29% for PSCF.

Which has better risk-adjusted returns?

PSCF currently has the higher Sharpe Ratio (1.73 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.