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

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.


-0.50.00.51.00.7

Performance

BIZD vs. PSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors BDC Income ETF (BIZD) and Invesco Global Listed Private Equity ETF (PSP). The values are adjusted to include any dividend payments, if applicable.

120.00%140.00%160.00%180.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
148.03%
174.78%
BIZD
PSP

Key characteristics

Sharpe Ratio

BIZD:

1.32

PSP:

1.10

Sortino Ratio

BIZD:

1.81

PSP:

1.52

Omega Ratio

BIZD:

1.24

PSP:

1.19

Calmar Ratio

BIZD:

1.65

PSP:

0.90

Martin Ratio

BIZD:

6.10

PSP:

6.89

Ulcer Index

BIZD:

2.38%

PSP:

2.81%

Daily Std Dev

BIZD:

11.01%

PSP:

17.58%

Max Drawdown

BIZD:

-55.47%

PSP:

-85.40%

Current Drawdown

BIZD:

-1.30%

PSP:

-5.87%

Returns By Period

In the year-to-date period, BIZD achieves a 13.35% return, which is significantly lower than PSP's 16.51% return. Over the past 10 years, BIZD has outperformed PSP with an annualized return of 9.28%, while PSP has yielded a comparatively lower 8.66% annualized return.


BIZD

YTD

13.35%

1M

1.46%

6M

3.94%

1Y

14.23%

5Y*

10.59%

10Y*

9.28%

PSP

YTD

16.51%

1M

-2.89%

6M

11.47%

1Y

17.95%

5Y*

7.89%

10Y*

8.66%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for BIZD, currently valued at 1.32, compared to the broader market0.002.004.001.321.10
The chart of Sortino ratio for BIZD, currently valued at 1.81, compared to the broader market-2.000.002.004.006.008.0010.001.811.52
The chart of Omega ratio for BIZD, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.241.19
The chart of Calmar ratio for BIZD, currently valued at 1.65, compared to the broader market0.005.0010.0015.001.650.90
The chart of Martin ratio for BIZD, currently valued at 6.10, compared to the broader market0.0020.0040.0060.0080.00100.006.106.89
BIZD
PSP

The current BIZD Sharpe Ratio is 1.32, which is comparable to the PSP Sharpe Ratio of 1.10. 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 Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.32
1.10
BIZD
PSP

Dividends

BIZD vs. PSP - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 11.02%, more than PSP's 6.77% yield.


TTM20232022202120202019201820172016201520142013
BIZD
VanEck Vectors BDC Income ETF
11.02%10.97%11.22%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
6.77%3.96%2.87%10.33%4.66%5.86%6.80%10.18%4.11%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%JulyAugustSeptemberOctoberNovemberDecember
-1.30%
-5.87%
BIZD
PSP

Volatility

BIZD vs. PSP - Volatility Comparison

The current volatility for VanEck Vectors BDC Income ETF (BIZD) is 2.75%, while Invesco Global Listed Private Equity ETF (PSP) has a volatility of 4.89%. 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%JulyAugustSeptemberOctoberNovemberDecember
2.75%
4.89%
BIZD
PSP
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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