BIZD vs. VLUE

Last updated Jun 9, 2026

BIZD (VanEck BDC Income ETF) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted Index. Both are passively managed. Over the past 10 years, BIZD returned 7.80%/yr vs 15.02%/yr for VLUE. A 0.58 correlation means they provide meaningful diversification when combined. BIZD charges 12.86%/yr vs 0.15%/yr for VLUE.

Performance

BIZD vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIZD achieves a -8.77% return, which is significantly lower than VLUE's 43.65% return. Over the past 10 years, BIZD has underperformed VLUE with an annualized return of 7.80%, while VLUE has yielded a comparatively higher 15.02% annualized 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%

VLUE

• 1D: 1.90%
• 1M: 7.11%
• YTD: 43.65%
• 6M: 46.05%
• 1Y: 83.03%
• 3Y*: 31.74%
• 5Y*: 15.73%
• 10Y*: 15.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIZD vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIZD VanEck BDC Income ETF	-8.77%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	0.36%
VLUE iShares Edge MSCI USA Value Factor ETF	43.65%	32.67%	7.25%	14.26%	-14.17%	28.93%	-0.23%	27.20%	-11.13%	21.95%

Correlation

The correlation between BIZD and VLUE 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	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Apr 19, 2013	0.58

Over the past year, the correlation between BIZD and VLUE has dropped to 0.38 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

BIZD vs. VLUE - Sectors Allocation Comparison

Sectors	BIZD	VLUE
Financial Services	100.0%	10.4%
Basic Materials	-	1.6%
Communication Services	-	8.3%
Consumer Cyclical	-	8.3%
Consumer Defensive	-	4.0%
Energy	-	3.2%
Healthcare	-	8.5%
Industrials	-	7.4%
Real Estate	-	1.8%
Technology	-	44.5%
Utilities	-	2.0%

Return for Risk

BIZD vs. VLUE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIZD

BIZD Risk / Return Rank: 4
BIZD Sharpe Ratio Rank: 4
BIZD Sortino Ratio Rank: 4
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 5

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 98
VLUE Sortino Ratio Rank: 97
VLUE Omega Ratio Rank: 96
VLUE Calmar Ratio Rank: 97
VLUE Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIZD vs. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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	VLUE	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	4.65	-5.37
Sortino ratio: Return per unit of downside risk	-0.94	5.85	-6.78
Omega ratio: Gain probability vs. loss probability	0.90	1.79	-0.90
Calmar ratio: Return relative to maximum drawdown	-0.59	9.24	-9.83
Martin ratio: Return relative to average drawdown	-1.03	40.39	-41.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIZD vs. VLUE - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.72, which is lower than the VLUE Sharpe Ratio of 4.65. The chart below compares the historical Sharpe Ratios of BIZD and VLUE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIZD	VLUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.72	4.65	-5.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.88	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.76	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.74	-0.44

Drawdowns

BIZD vs. VLUE - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than VLUE's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for BIZD and VLUE.

Drawdown Indicators

	BIZD	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-39.47%	-15.97%
Max Drawdown (1Y) Largest decline over 1 year	-22.22%	-9.04%	-13.18%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-17.89%	-4.67%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-27.12%	+4.21%
Max Drawdown (10Y) Largest decline over 10 years	-55.44%	-39.47%	-15.97%
Current Drawdown Current decline from peak	-19.08%	-3.99%	-15.09%
Average Drawdown Average peak-to-trough decline	-6.73%	-6.01%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	2.06%	+10.73%

Volatility

BIZD vs. VLUE - Volatility Comparison

The current volatility for VanEck BDC Income ETF (BIZD) is 5.32%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 9.02%. This indicates that BIZD experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIZD	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	9.02%	-3.70%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	14.83%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	17.97%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	17.91%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	19.88%	+1.88%

BIZD vs. VLUE - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

BIZD vs. VLUE - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 13.84%, more than VLUE's 1.45% 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%
VLUE iShares Edge MSCI USA Value Factor ETF	1.45%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Frequently Asked Questions

Can I hold both BIZD and VLUE in my portfolio?

BIZD and VLUE 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.

Which is riskier, BIZD or VLUE?

VLUE has higher volatility (9.02%) compared to BIZD (5.32%). In terms of maximum drawdown, BIZD dropped -55.44% vs VLUE's -39.47%.

Which ETF is better, BIZD or VLUE?

On 10-year performance, VLUE leads with 15.02% vs 7.80% for BIZD. On fees, VLUE is cheaper at 0.15% per year. On volatility, BIZD has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIZD or VLUE?

Over the 10-year period, VLUE has performed better with a 15.02% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIZD or VLUE?

VLUE is cheaper with a 0.15% expense ratio, compared with 12.86% for BIZD.

Which ETF pays a higher dividend yield, BIZD or VLUE?

BIZD has the higher dividend yield at 13.84%, compared with 1.45% for VLUE.

What is the main difference between BIZD and VLUE?

BIZD is categorized as Financials Equities, while VLUE is Large Cap Value Equities. BIZD tracks MVIS US Business Development Companies Index, while VLUE tracks MSCI USA Value Weighted Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 12.86% for BIZD and 0.15% for VLUE.

Which has better risk-adjusted returns?

VLUE currently has the higher Sharpe Ratio (4.65 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.