BIZD vs. SGOV
BIZD (VanEck BDC Income ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, BIZD returned 3.86%/yr vs 3.55%/yr for SGOV. At a correlation of -0.00, they often move in opposite directions. BIZD charges 12.86%/yr vs 0.09%/yr for SGOV.
Performance
BIZD vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -8.77% return, which is significantly lower than SGOV's 1.56% return.
BIZD
- 1D
- -0.32%
- 1M
- -3.49%
- YTD
- -8.77%
- 6M
- -11.00%
- 1Y
- -13.11%
- 3Y*
- 4.91%
- 5Y*
- 3.86%
- 10Y*
- 7.80%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
BIZD vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -8.77% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | 23.56% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between BIZD and SGOV is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.00 |
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Return for Risk
BIZD vs. SGOV — Risk / Return Rank
BIZD
SGOV
BIZD vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.00 | ||
| Sortino ratioReturn per unit of downside risk | -276.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 195.55 | -194.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 398.20 | -398.79 |
| Martin ratioReturn relative to average drawdown | -1.03 | 4,461.99 | -4,463.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIZD | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 20.28 | -21.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 14.78 | -14.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 12.50 | -12.20 |
Drawdowns
BIZD vs. SGOV - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BIZD and SGOV.
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Drawdown Indicators
| BIZD | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -0.03% | -55.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -0.01% | -22.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -0.01% | -22.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -0.03% | -22.88% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | — | — |
Current DrawdownCurrent decline from peak | -19.08% | 0.00% | -19.08% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -0.00% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 0.00% | +12.79% |
Volatility
BIZD vs. SGOV - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.32% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 0.06% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 0.13% | +14.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 0.20% | +18.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 0.24% | +17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 0.24% | +21.52% |
BIZD vs. SGOV - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BIZD vs. SGOV - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 13.84%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.84% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIZD and SGOV have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.32%) compared to SGOV (0.06%). In terms of maximum drawdown, BIZD dropped -55.44% vs SGOV's -0.03%.
On 5-year performance, BIZD leads with 3.86% vs 3.55% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BIZD has performed better with a 3.86% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 13.84%, compared with 3.85% for SGOV.
BIZD is categorized as Financials Equities, while SGOV is Ultrashort Bond. BIZD tracks MVIS US Business Development Companies Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 12.86% for BIZD and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.72), 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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