BIZD vs. SCHP
BIZD (VanEck BDC Income ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past 10 years, BIZD returned 7.56%/yr vs 2.52%/yr for SCHP. At a 0.02 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.03%/yr for SCHP.
Performance
BIZD vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -9.87% return, which is significantly lower than SCHP's 0.81% return. Over the past 10 years, BIZD has outperformed SCHP with an annualized return of 7.56%, while SCHP has yielded a comparatively lower 2.52% annualized return.
BIZD
- 1D
- 0.65%
- 1M
- -0.65%
- YTD
- -9.87%
- 6M
- -8.40%
- 1Y
- -12.75%
- 3Y*
- 5.35%
- 5Y*
- 3.92%
- 10Y*
- 7.56%
SCHP
- 1D
- 0.00%
- 1M
- -0.18%
- YTD
- 0.81%
- 6M
- 0.88%
- 1Y
- 3.49%
- 3Y*
- 3.67%
- 5Y*
- 0.99%
- 10Y*
- 2.52%
BIZD vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -9.87% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
SCHP Schwab U.S. TIPS ETF | 0.81% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Correlation
The correlation between BIZD and SCHP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.02 |
The correlation between BIZD and SCHP shifts across timeframes, from 0.02 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIZD vs. SCHP — Risk / Return Rank
BIZD
SCHP
BIZD vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Schwab U.S. TIPS ETF (SCHP). 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 | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.18 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.82 | -2.39 |
| Martin ratioReturn relative to average drawdown | -0.96 | 5.39 | -6.35 |
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Drawdowns
BIZD vs. SCHP - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for BIZD and SCHP.
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Drawdown Indicators
| BIZD | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -14.26% | -41.18% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -1.93% | -20.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -4.48% | -18.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -14.26% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -14.26% | -41.18% |
Current DrawdownCurrent decline from peak | -20.05% | -1.04% | -19.01% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -3.92% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.30% | 0.65% | +12.65% |
Volatility
BIZD vs. SCHP - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.60% compared to Schwab U.S. TIPS ETF (SCHP) at 1.20%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 1.20% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 2.39% | +12.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 3.35% | +15.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 6.11% | +11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 5.59% | +16.19% |
BIZD vs. SCHP - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than SCHP's 0.03% expense ratio.
Dividends
BIZD vs. SCHP - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 14.01%, more than SCHP's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 14.01% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
SCHP Schwab U.S. TIPS ETF | 4.02% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
Frequently Asked Questions
BIZD and SCHP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.60%) compared to SCHP (1.20%). In terms of maximum drawdown, BIZD dropped -55.44% vs SCHP's -14.26%.
On 10-year performance, BIZD leads with 7.56% vs 2.52% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIZD has performed better with a 7.56% return vs 2.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHP is cheaper with a 0.03% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 14.01%, compared with 4.02% for SCHP.
BIZD is categorized as Financials Equities, while SCHP is Inflation-Protected Bonds. BIZD tracks MVIS US Business Development Companies Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: VanEck and Charles Schwab. Their fees differ too: 12.86% for BIZD and 0.03% for SCHP.
SCHP currently has the higher Sharpe Ratio (1.05 vs -0.69), 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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