BIZD vs. PSP
Compare and contrast key facts about VanEck Vectors BDC Income ETF (BIZD) and Invesco Global Listed Private Equity ETF (PSP).
BIZD and PSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006. Both BIZD and PSP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIZD or PSP.
Key characteristics
| BIZD | PSP | |
|---|---|---|
| YTD Return | 11.04% | 17.94% |
| 1Y Return | 23.69% | 54.72% |
| 3Y Return (Ann) | 8.91% | -0.20% |
| 5Y Return (Ann) | 11.34% | 9.63% |
| 10Y Return (Ann) | 8.53% | 8.98% |
| Sharpe Ratio | 2.27 | 3.16 |
| Sortino Ratio | 3.03 | 4.01 |
| Omega Ratio | 1.41 | 1.52 |
| Calmar Ratio | 2.85 | 1.57 |
| Martin Ratio | 10.85 | 21.93 |
| Ulcer Index | 2.30% | 2.63% |
| Daily Std Dev | 11.01% | 18.27% |
| Max Drawdown | -55.47% | -85.40% |
| Current Drawdown | -1.38% | -2.20% |
Correlation
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.
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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.
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.
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.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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.