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BIZD vs. SMHX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIZD vs. SMHX

Last updated Aug 4, 2026
Documentation

BIZD (VanEck BDC Income ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while SMHX is a Semiconductors fund tracking the MarketVector™ US Listed Fabless Semiconductor Index. Both are passively managed. Over the past year, BIZD returned -10.71% vs 65.92% for SMHX. Their 0.27 correlation means their historical movements had little consistent relationship. BIZD charges 12.86%/yr vs 0.35%/yr for SMHX.

Performance

BIZD vs. SMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and VanEck Fabless Semiconductor ETF (SMHX). 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 -4.84% return, which is significantly lower than SMHX's 45.86% return.

BIZD

1D
2.74%
1M
1.84%
6M
-1.94%
YTD
-4.84%
1Y
-10.71%
3Y*
3.90%
5Y*
5.36%
10Y*
7.38%
ALL TIME*
6.33%

SMHX

1D
1.15%
1M
-5.42%
6M
41.22%
YTD
45.86%
1Y
65.92%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
50.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BIZD

VanEck BDC Income ETF
$35.10M$40.21M$41.46M

SMHX

VanEck Fabless Semiconductor ETF
$4.62M$5.78M$8.43M

BIZD vs. SMHX - Yearly Performance Comparison

2026 (YTD)20252024
BIZD
VanEck BDC Income ETF		-4.84%-4.96%7.57%
SMHX
VanEck Fabless Semiconductor ETF		45.86%30.00%15.56%

Correlation

The correlation between BIZD and SMHX is 0.20, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.20

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2024

0.27

BIZD vs. SMHX - Sectors Allocation Comparison

Sectors
BIZD
SMHX

Financial Services

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

100.0%

Utilities

-

-

Financial Services

BIZD
100.0%
SMHX

-

Basic Materials

BIZD

-

SMHX

-

Communication Services

BIZD

-

SMHX

-

Consumer Cyclical

BIZD

-

SMHX

-

Consumer Defensive

BIZD

-

SMHX

-

Energy

BIZD

-

SMHX

-

Healthcare

BIZD

-

SMHX

-

Industrials

BIZD

-

SMHX

-

Real Estate

BIZD

-

SMHX

-

Technology

BIZD

-

SMHX
100.0%

Utilities

BIZD

-

SMHX

-

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

VanEck Fabless Semiconductor ETF

Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. HYIN
Often compared with SMHX:
SMHX vs. SMHSMHX vs. FSELXSMHX vs. IGVSMHX vs. SOXQSMHX vs. CHPXSMHX vs. VGTSMHX vs. AVUV

Return for Risk

BIZD vs. SMHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BIZD
BIZD Risk / Return Rank: 55
Overall Rank
BIZD Sharpe Ratio Rank: 55
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 55
Sortino Ratio Rank
BIZD Omega Ratio Rank: 55
Omega Ratio Rank
BIZD Calmar Ratio Rank: 55
Calmar Ratio Rank
BIZD Martin Ratio Rank: 55
Martin Ratio Rank
SMHX
SMHX Risk / Return Rank: 6868
Overall Rank
SMHX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SMHX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SMHX Omega Ratio Rank: 6363
Omega Ratio Rank
SMHX Calmar Ratio Rank: 7474
Calmar Ratio Rank
SMHX Martin Ratio Rank: 6666
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIZD vs. SMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and VanEck Fabless Semiconductor ETF (SMHX). 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.

BIZDSMHXDifference
Sharpe ratioReturn per unit of total volatility
-0.57
1.68

-2.24

Sortino ratioReturn per unit of downside risk
-0.71
2.15

-2.86

Omega ratioGain probability vs. loss probability

0.92

1.28

-0.35

Calmar ratioReturn relative to maximum drawdown

-0.57

2.66

-3.22

Martin ratioReturn relative to average drawdown

-0.96

8.20

-9.15

BIZD vs. SMHX - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.57, which is lower than the SMHX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of BIZD and SMHX, 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. SMHX - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than SMHX's maximum drawdown of -38.53%. Use the drawdown chart below to compare losses from any high point for BIZD and SMHX.

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Drawdown Indicators

BIZDSMHXDifference

Max Drawdown

Largest peak-to-trough decline

-55.44%

-38.53%

-16.91%

Max Drawdown (1Y)

Largest decline over 1 year

-18.99%

-24.93%

+5.94%

Max Drawdown (3Y)

Largest decline over 3 years

-22.56%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-55.44%

—

—

Current Drawdown

Current decline from peak

-15.60%

-18.26%

+2.66%

Average Drawdown

Average peak-to-trough decline

-6.85%

-7.75%

+0.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.22%

8.07%

+3.15%

Volatility

BIZD vs. SMHX - Volatility Comparison

The current volatility for VanEck BDC Income ETF (BIZD) is 5.43%, while VanEck Fabless Semiconductor ETF (SMHX) has a volatility of 14.16%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than SMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIZDSMHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.43%

14.16%

-8.73%

Volatility (6M)

Calculated over the trailing 6-month period

15.32%

33.27%

-17.95%

Volatility (1Y)

Calculated over the trailing 1-year period

19.00%

39.62%

-20.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.56%

41.96%

-24.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.83%

41.96%

-20.13%

BIZD vs. SMHX - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than SMHX's 0.35% expense ratio.

Dividends

BIZD vs. SMHX - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 11.96%, more than SMHX's 0.02% yield.

PositionTTM20252024202320222021202020192018201720162015
BIZD
VanEck BDC Income ETF		11.96%11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%
SMHX
VanEck Fabless Semiconductor ETF		0.02%0.02%0.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BIZD and SMHX 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.

SMHX has higher volatility (14.16%) compared to BIZD (5.43%). In terms of maximum drawdown, BIZD dropped -55.44% vs SMHX's -38.53%.

On 1-year performance, SMHX leads with 65.92% vs -10.71% for BIZD. On fees, SMHX is cheaper at 0.35% per year. On volatility, BIZD has been the lower-risk option at 5.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SMHX has performed better with a 65.92% return vs -10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SMHX is cheaper with a 0.35% expense ratio, compared with 12.86% for BIZD.

BIZD has the higher dividend yield at 11.96%, compared with 0.02% for SMHX.

BIZD is categorized as Financials Equities, while SMHX is Semiconductors. BIZD tracks MVIS US Business Development Companies Index, while SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index. Their fees differ too: 12.86% for BIZD and 0.35% for SMHX.

SMHX currently has the higher Sharpe Ratio (1.68 vs -0.57), 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.

Portfolio Optimizer

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