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

Key characteristics


BIZDPSP
YTD Return11.04%17.94%
1Y Return23.69%54.72%
3Y Return (Ann)8.91%-0.20%
5Y Return (Ann)11.34%9.63%
10Y Return (Ann)8.53%8.98%
Sharpe Ratio2.273.16
Sortino Ratio3.034.01
Omega Ratio1.411.52
Calmar Ratio2.851.57
Martin Ratio10.8521.93
Ulcer Index2.30%2.63%
Daily Std Dev11.01%18.27%
Max Drawdown-55.47%-85.40%
Current Drawdown-1.38%-2.20%

Correlation

-0.50.00.51.00.7

The correlation between BIZD and PSP is 0.66, 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. PSP - Performance Comparison

In the year-to-date period, BIZD achieves a 11.04% return, which is significantly lower than PSP's 17.94% return. Over the past 10 years, BIZD has underperformed PSP with an annualized return of 8.53%, while PSP has yielded a comparatively higher 8.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
3.97%
14.99%
BIZD
PSP

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BIZD vs. PSP - Expense Ratio Comparison

BIZD has a 10.92% expense ratio, which is higher than PSP's 1.44% expense ratio.


BIZD
VanEck Vectors BDC Income ETF
Expense ratio chart for BIZD: current value at 10.92% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%10.92%
Expense ratio chart for PSP: current value at 1.44% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.44%

Risk-Adjusted Performance

BIZD vs. PSP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors BDC Income ETF (BIZD) and Invesco Global Listed Private Equity ETF (PSP). 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 2.27, compared to the broader market-2.000.002.004.006.002.27
Sortino ratio
The chart of Sortino ratio for BIZD, currently valued at 3.03, compared to the broader market0.005.0010.003.03
Omega ratio
The chart of Omega ratio for BIZD, currently valued at 1.41, compared to the broader market1.001.502.002.503.001.41
Calmar ratio
The chart of Calmar ratio for BIZD, currently valued at 2.85, compared to the broader market0.005.0010.0015.002.85
Martin ratio
The chart of Martin ratio for BIZD, currently valued at 10.85, compared to the broader market0.0020.0040.0060.0080.00100.00120.0010.85
PSP
Sharpe ratio
The chart of Sharpe ratio for PSP, currently valued at 3.16, compared to the broader market-2.000.002.004.006.003.16
Sortino ratio
The chart of Sortino ratio for PSP, currently valued at 4.01, compared to the broader market0.005.0010.004.01
Omega ratio
The chart of Omega ratio for PSP, currently valued at 1.52, compared to the broader market1.001.502.002.503.001.52
Calmar ratio
The chart of Calmar ratio for PSP, currently valued at 1.57, compared to the broader market0.005.0010.0015.001.57
Martin ratio
The chart of Martin ratio for PSP, currently valued at 21.93, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.93

BIZD vs. PSP - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is 2.27, which is comparable to the PSP Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of BIZD and PSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00MayJuneJulyAugustSeptemberOctober
2.27
3.16
BIZD
PSP

Dividends

BIZD vs. PSP - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 11.25%, more than PSP's 7.78% yield.


TTM20232022202120202019201820172016201520142013
BIZD
VanEck Vectors BDC Income ETF
11.25%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%8.51%5.45%
PSP
Invesco Global Listed Private Equity ETF
7.78%3.96%2.88%10.34%4.66%5.87%6.81%10.18%4.12%6.23%4.94%13.48%

Drawdowns

BIZD vs. PSP - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.47%, smaller than the maximum PSP drawdown of -85.40%. Use the drawdown chart below to compare losses from any high point for BIZD and PSP. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%MayJuneJulyAugustSeptemberOctober
-1.38%
-2.20%
BIZD
PSP

Volatility

BIZD vs. PSP - Volatility Comparison

The current volatility for VanEck Vectors BDC Income ETF (BIZD) is 2.54%, while Invesco Global Listed Private Equity ETF (PSP) has a volatility of 4.36%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than PSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%MayJuneJulyAugustSeptemberOctober
2.54%
4.36%
BIZD
PSP