BIZD vs. SRLN
BIZD (VanEck BDC Income ETF) and SRLN (State Street Blackstone Senior Loan ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while SRLN is a Bank Loan fund actively managed by State Street. BIZD is passively managed, while SRLN is actively managed. Over the past 10 years, BIZD returned 7.66%/yr vs 4.56%/yr for SRLN. At a 0.34 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.70%/yr for SRLN.
Performance
BIZD vs. SRLN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIZD achieves a -9.43% return, which is significantly lower than SRLN's 0.75% return. Over the past 10 years, BIZD has outperformed SRLN with an annualized return of 7.66%, while SRLN has yielded a comparatively lower 4.56% 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%
SRLN
- 1D
- 0.10%
- 1M
- 0.28%
- YTD
- 0.75%
- 6M
- 1.14%
- 1Y
- 5.41%
- 3Y*
- 7.50%
- 5Y*
- 4.60%
- 10Y*
- 4.56%
BIZD vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SRLN State Street Blackstone Senior Loan ETF | 0.75% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Correlation
The correlation between BIZD and SRLN is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.35 |
The correlation between BIZD and SRLN shifts across timeframes, from 0.34 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIZD vs. SRLN — Risk / Return Rank
BIZD
SRLN
BIZD vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and State Street Blackstone Senior Loan ETF (SRLN). 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 | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.42 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.67 | -2.28 |
| Martin ratioReturn relative to average drawdown | -1.02 | 6.17 | -7.19 |
Loading charts...
Drawdowns
BIZD vs. SRLN - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for BIZD and SRLN.
Loading charts...
Drawdown Indicators
| BIZD | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -22.29% | -33.15% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -3.26% | -18.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -4.26% | -18.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -7.93% | -14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -22.29% | -33.15% |
Current DrawdownCurrent decline from peak | -19.66% | -0.05% | -19.61% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -1.10% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.18% | 0.88% | +12.30% |
Volatility
BIZD vs. SRLN - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.51% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.58%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BIZD | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 0.58% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 2.67% | +12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 2.91% | +15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 3.91% | +13.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 6.06% | +15.71% |
BIZD vs. SRLN - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Dividends
BIZD vs. SRLN - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 13.94%, more than SRLN's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SRLN State Street Blackstone Senior Loan ETF | 7.49% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
BIZD and SRLN have a correlation of 0.44, 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 SRLN (0.58%). In terms of maximum drawdown, BIZD dropped -55.44% vs SRLN's -22.29%.
On 10-year performance, BIZD leads with 7.66% vs 4.56% for SRLN. On fees, SRLN is cheaper at 0.70% per year. On volatility, SRLN has been the lower-risk option at 0.58%. 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 7.66% return vs 4.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRLN is cheaper with a 0.70% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 13.94%, compared with 7.49% for SRLN.
BIZD is categorized as Financials Equities, while SRLN is Bank Loan. They also come from different issuers: VanEck and State Street. Their fees differ too: 12.86% for BIZD and 0.70% for SRLN.
SRLN currently has the higher Sharpe Ratio (1.87 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.
Find the right allocation for BIZD and SRLN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer