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BIZD vs. QYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIZD vs. QYLD

Last updated Jun 20, 2026

BIZD (VanEck BDC Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, BIZD returned 7.66%/yr vs 10.07%/yr for QYLD. At a 0.41 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.60%/yr for QYLD.

Performance

BIZD vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BIZD achieves a -9.43% return, which is significantly lower than QYLD's 10.20% return. Over the past 10 years, BIZD has underperformed QYLD with an annualized return of 7.66%, while QYLD has yielded a comparatively higher 10.07% annualized return.

BIZD

1D
0.16%
1M
-1.20%
YTD
-9.43%
6M
-8.46%
1Y
-13.47%
3Y*
4.52%
5Y*
4.48%
10Y*
7.66%

QYLD

1D
2.43%
1M
4.04%
YTD
10.20%
6M
10.75%
1Y
25.53%
3Y*
14.59%
5Y*
8.95%
10Y*
10.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIZD vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BIZD
VanEck BDC Income ETF		-9.43%-4.96%15.63%27.02%-8.51%36.25%-7.12%30.87%-6.88%0.36%
QYLD
Global X NASDAQ 100 Covered Call ETF		10.20%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%

Correlation

The correlation between BIZD and QYLD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Dec 12, 2013

0.41

The correlation between BIZD and QYLD shifts across timeframes, from 0.34 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

BIZD vs. QYLD - Sectors Allocation Comparison

Sectors
BIZD
QYLD

Financial Services

100.0%
0.2%

Basic Materials

-

1.0%

Communication Services

-

14.3%

Consumer Cyclical

-

11.4%

Consumer Defensive

-

6.4%

Energy

-

0.5%

Healthcare

-

3.7%

Industrials

-

2.6%

Real Estate

-

0.1%

Technology

-

58.7%

Utilities

-

1.2%

Financial Services

BIZD
100.0%
QYLD
0.2%

Basic Materials

BIZD

-

QYLD
1.0%

Communication Services

BIZD

-

QYLD
14.3%

Consumer Cyclical

BIZD

-

QYLD
11.4%

Consumer Defensive

BIZD

-

QYLD
6.4%

Energy

BIZD

-

QYLD
0.5%

Healthcare

BIZD

-

QYLD
3.7%

Industrials

BIZD

-

QYLD
2.6%

Real Estate

BIZD

-

QYLD
0.1%

Technology

BIZD

-

QYLD
58.7%

Utilities

BIZD

-

QYLD
1.2%

Compare stocks, funds, or ETFs

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

VanEck BDC Income ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. SCHD
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

Return for Risk

BIZD vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIZD
BIZD Risk / Return Rank: 44
Overall Rank
BIZD Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 33
Sortino Ratio Rank
BIZD Omega Ratio Rank: 44
Omega Ratio Rank
BIZD Calmar Ratio Rank: 44
Calmar Ratio Rank
BIZD Martin Ratio Rank: 44
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 9191
Overall Rank
QYLD Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 8989
Sortino Ratio Rank
QYLD Omega Ratio Rank: 9393
Omega Ratio Rank
QYLD Calmar Ratio Rank: 9090
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIZD vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

BIZDQYLDDifference
Sharpe ratioReturn per unit of total volatility
-0.73
2.70

-3.43

Sortino ratioReturn per unit of downside risk
-0.95
3.84

-4.79

Omega ratioGain probability vs. loss probability

0.89

1.60

-0.71

Calmar ratioReturn relative to maximum drawdown

-0.61

5.16

-5.77

Martin ratioReturn relative to average drawdown

-1.02

29.06

-30.08

BIZD vs. QYLD - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.73, which is lower than the QYLD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of BIZD and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BIZD vs. QYLD - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BIZD and QYLD.

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Drawdown Indicators

BIZDQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-55.44%

-24.75%

-30.69%

Max Drawdown (1Y)

Largest decline over 1 year

-22.22%

-4.97%

-17.25%

Max Drawdown (3Y)

Largest decline over 3 years

-22.56%

-19.06%

-3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

-24.61%

+1.70%

Max Drawdown (10Y)

Largest decline over 10 years

-55.44%

-24.75%

-30.69%

Current Drawdown

Current decline from peak

-19.66%

0.00%

-19.66%

Average Drawdown

Average peak-to-trough decline

-6.75%

-3.83%

-2.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.18%

0.88%

+12.30%

Volatility

BIZD vs. QYLD - Volatility Comparison

VanEck BDC Income ETF (BIZD) has a higher volatility of 5.51% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.30%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIZDQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.51%

4.30%

+1.21%

Volatility (6M)

Calculated over the trailing 6-month period

15.14%

8.24%

+6.90%

Volatility (1Y)

Calculated over the trailing 1-year period

18.48%

9.49%

+8.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.44%

14.81%

+2.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.77%

15.54%

+6.23%

BIZD vs. QYLD - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

BIZD vs. QYLD - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 13.94%, more than QYLD's 11.22% yield.

PositionTTM20252024202320222021202020192018201720162015
BIZD
VanEck BDC Income ETF		13.94%11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.22%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Frequently Asked Questions

BIZD and QYLD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BIZD has higher volatility (5.51%) compared to QYLD (4.30%). In terms of maximum drawdown, BIZD dropped -55.44% vs QYLD's -24.75%.

On 10-year performance, QYLD leads with 10.07% vs 7.66% for BIZD. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QYLD has performed better with a 10.07% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QYLD is cheaper with a 0.60% expense ratio, compared with 12.86% for BIZD.

BIZD has the higher dividend yield at 13.94%, compared with 11.22% for QYLD.

BIZD is categorized as Financials Equities, while QYLD is Nasdaq-100. BIZD tracks MVIS US Business Development Companies Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: VanEck and Global X. Their fees differ too: 12.86% for BIZD and 0.60% for QYLD.

QYLD currently has the higher Sharpe Ratio (2.70 vs -0.73), 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.

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