BIZD vs. SVOL
BIZD (VanEck BDC Income ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while SVOL is a Volatility fund actively managed by Simplify. BIZD is passively managed, while SVOL is actively managed. Over the past 5 years, BIZD returned 4.25%/yr vs 6.22%/yr for SVOL. At a 0.47 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.50%/yr for SVOL.
Performance
BIZD vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -6.86% return, which is significantly lower than SVOL's -0.84% return.
BIZD
- 1D
- 0.71%
- 1M
- 0.79%
- YTD
- -6.86%
- 6M
- -8.47%
- 1Y
- -11.02%
- 3Y*
- 5.47%
- 5Y*
- 4.25%
- 10Y*
- 8.13%
SVOL
- 1D
- 1.14%
- 1M
- 1.70%
- YTD
- -0.84%
- 6M
- 0.96%
- 1Y
- 14.90%
- 3Y*
- 5.92%
- 5Y*
- 6.22%
- 10Y*
- —
BIZD vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -6.86% | -4.96% | 15.63% | 27.02% | -8.51% | 14.96% |
SVOL Simplify Volatility Premium ETF | -0.84% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between BIZD and SVOL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.47 |
The correlation between BIZD and SVOL shifts across timeframes, from 0.38 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIZD vs. SVOL — Risk / Return Rank
BIZD
SVOL
BIZD vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Simplify Volatility Premium ETF (SVOL). 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 | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.11 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 0.80 | -1.33 |
| Martin ratioReturn relative to average drawdown | -0.91 | 1.90 | -2.81 |
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Drawdowns
BIZD vs. SVOL - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for BIZD and SVOL.
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Drawdown Indicators
| BIZD | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -33.50% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -13.01% | -9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -33.50% | +10.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -33.50% | +10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | — | — |
Current DrawdownCurrent decline from peak | -17.39% | -3.40% | -13.99% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -4.76% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.97% | 5.50% | +7.47% |
Volatility
BIZD vs. SVOL - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 4.92% compared to Simplify Volatility Premium ETF (SVOL) at 3.48%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.48% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 9.95% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 20.81% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 22.01% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 21.90% | -0.15% |
BIZD vs. SVOL - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
BIZD vs. SVOL - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 13.56%, less than SVOL's 22.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.56% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
SVOL Simplify Volatility Premium ETF | 22.19% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIZD and SVOL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (4.92%) compared to SVOL (3.48%). In terms of maximum drawdown, BIZD dropped -55.44% vs SVOL's -33.50%.
On 5-year performance, SVOL leads with 6.22% vs 4.25% for BIZD. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVOL has performed better with a 6.22% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 12.86% for BIZD.
SVOL has the higher dividend yield at 22.19%, compared with 13.56% for BIZD.
BIZD is categorized as Financials Equities, while SVOL is Volatility. They also come from different issuers: VanEck and Simplify. Their fees differ too: 12.86% for BIZD and 0.50% for SVOL.
SVOL currently has the higher Sharpe Ratio (0.50 vs -0.64), 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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