BIZD vs. VMBS
BIZD (VanEck BDC Income ETF) and VMBS (Vanguard Mortgage-Backed Securities ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while VMBS is a Mortgage Backed Securities fund tracking the Barclays Capital U.S. MBS Index. Both are passively managed. Over the past 10 years, BIZD returned 7.56%/yr vs 1.35%/yr for VMBS. At a 0.03 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.04%/yr for VMBS.
Performance
BIZD vs. VMBS - Performance Comparison
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Returns By Period
In the year-to-date period, BIZD achieves a -9.87% return, which is significantly lower than VMBS's 0.92% return. Over the past 10 years, BIZD has outperformed VMBS with an annualized return of 7.56%, while VMBS has yielded a comparatively lower 1.35% annualized return.
BIZD
- 1D
- 0.65%
- 1M
- -0.65%
- YTD
- -9.87%
- 6M
- -8.40%
- 1Y
- -12.75%
- 3Y*
- 5.35%
- 5Y*
- 3.92%
- 10Y*
- 7.56%
VMBS
- 1D
- 0.09%
- 1M
- 0.63%
- YTD
- 0.92%
- 6M
- 1.02%
- 1Y
- 6.00%
- 3Y*
- 4.52%
- 5Y*
- 0.57%
- 10Y*
- 1.35%
BIZD vs. VMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | -9.87% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
VMBS Vanguard Mortgage-Backed Securities ETF | 0.92% | 8.36% | 1.70% | 5.34% | -11.90% | -1.28% | 3.76% | 6.19% | 0.91% | 2.47% |
Correlation
The correlation between BIZD and VMBS is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.03 |
The correlation between BIZD and VMBS shifts across timeframes, from 0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIZD vs. VMBS — Risk / Return Rank
BIZD
VMBS
BIZD vs. VMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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 | VMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.25 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.24 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.96 | 7.12 | -8.08 |
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Drawdowns
BIZD vs. VMBS - Drawdown Comparison
The maximum BIZD drawdown since its inception was -55.44%, which is greater than VMBS's maximum drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for BIZD and VMBS.
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Drawdown Indicators
| BIZD | VMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.44% | -17.47% | -37.97% |
Max Drawdown (1Y)Largest decline over 1 year | -22.22% | -2.68% | -19.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -7.65% | -14.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -17.12% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -55.44% | -17.47% | -37.97% |
Current DrawdownCurrent decline from peak | -20.05% | -1.07% | -18.98% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -2.49% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.30% | 0.84% | +12.46% |
Volatility
BIZD vs. VMBS - Volatility Comparison
VanEck BDC Income ETF (BIZD) has a higher volatility of 5.60% compared to Vanguard Mortgage-Backed Securities ETF (VMBS) at 1.19%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than VMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIZD | VMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 1.19% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 3.27% | +11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 4.30% | +14.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 6.78% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 5.41% | +16.37% |
BIZD vs. VMBS - Expense Ratio Comparison
BIZD has a 12.86% expense ratio, which is higher than VMBS's 0.04% expense ratio.
Dividends
BIZD vs. VMBS - Dividend Comparison
BIZD's dividend yield for the trailing twelve months is around 14.01%, more than VMBS's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 14.01% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.17% | 4.20% | 3.94% | 3.31% | 2.35% | 1.02% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% |
Frequently Asked Questions
BIZD and VMBS have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.60%) compared to VMBS (1.19%). In terms of maximum drawdown, BIZD dropped -55.44% vs VMBS's -17.47%.
On 10-year performance, BIZD leads with 7.56% vs 1.35% for VMBS. On fees, VMBS is cheaper at 0.04% per year. On volatility, VMBS has been the lower-risk option at 1.19%. 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 7.56% return vs 1.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VMBS is cheaper with a 0.04% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 14.01%, compared with 4.17% for VMBS.
BIZD is categorized as Financials Equities, while VMBS is Mortgage Backed Securities. BIZD tracks MVIS US Business Development Companies Index, while VMBS tracks Barclays Capital U.S. MBS Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 12.86% for BIZD and 0.04% for VMBS.
VMBS currently has the higher Sharpe Ratio (1.40 vs -0.69), 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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