BIZD vs. VWINX

Last updated Jun 20, 2026

BIZD (VanEck BDC Income ETF) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while VWINX is a Diversified Portfolio fund actively managed by Vanguard. BIZD is passively managed, while VWINX is actively managed. Over the past 10 years, BIZD returned 7.66%/yr vs 5.77%/yr for VWINX. At a 0.50 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.22%/yr for VWINX.

Performance

BIZD vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and Vanguard Wellesley Income Fund Investor Shares (VWINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIZD achieves a -9.43% return, which is significantly lower than VWINX's 3.39% return. Over the past 10 years, BIZD has outperformed VWINX with an annualized return of 7.66%, while VWINX has yielded a comparatively lower 5.77% 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%

VWINX

• 1D: 0.26%
• 1M: 1.12%
• YTD: 3.39%
• 6M: 3.55%
• 1Y: 10.49%
• 3Y*: 8.40%
• 5Y*: 4.24%
• 10Y*: 5.77%

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

BIZD vs. VWINX - 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%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.39%	10.98%	5.86%	6.99%	-9.09%	8.48%	8.44%	16.39%	-2.54%	9.29%

Correlation

The correlation between BIZD and VWINX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013	0.50

The correlation between BIZD and VWINX has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Return for Risk

BIZD vs. VWINX — 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: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 4

VWINX

VWINX Risk / Return Rank: 56
VWINX Sharpe Ratio Rank: 60
VWINX Sortino Ratio Rank: 63
VWINX Omega Ratio Rank: 58
VWINX Calmar Ratio Rank: 51
VWINX Martin Ratio Rank: 51

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. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	2.03	-2.76
Sortino ratio: Return per unit of downside risk	-0.95	2.92	-3.87
Omega ratio: Gain probability vs. loss probability	0.89	1.37	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.61	2.53	-3.14
Martin ratio: Return relative to average drawdown	-1.02	9.52	-10.54

BIZD vs. VWINX - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.73, which is lower than the VWINX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BIZD and VWINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIZD vs. VWINX - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than VWINX's maximum drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for BIZD and VWINX.

Drawdown Indicators

	BIZD	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-21.72%	-33.72%
Max Drawdown (1Y) Largest decline over 1 year	-22.22%	-4.16%	-18.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-6.98%	-15.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-15.30%	-7.61%
Max Drawdown (10Y) Largest decline over 10 years	-55.44%	-17.43%	-38.01%
Current Drawdown Current decline from peak	-19.66%	-0.35%	-19.31%
Average Drawdown Average peak-to-trough decline	-6.75%	-2.63%	-4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.18%	1.10%	+12.08%

Volatility

BIZD vs. VWINX - Volatility Comparison

VanEck BDC Income ETF (BIZD) has a higher volatility of 5.51% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.63%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIZD	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	1.63%	+3.88%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	3.92%	+11.22%
Volatility (1Y) Calculated over the trailing 1-year period	18.48%	5.20%	+13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	6.99%	+10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	6.93%	+14.84%

BIZD vs. VWINX - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than VWINX's 0.22% expense ratio.

Dividends

BIZD vs. VWINX - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 13.94%, more than VWINX's 8.64% 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%
VWINX Vanguard Wellesley Income Fund Investor Shares	8.64%	7.86%	6.61%	4.73%	7.67%	6.03%	4.30%	3.94%	7.56%	3.20%	4.00%	5.60%

Frequently Asked Questions

Can I hold both BIZD and VWINX in my portfolio?

BIZD and VWINX have a correlation of 0.46, 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 VWINX?

BIZD has higher volatility (5.51%) compared to VWINX (1.63%). In terms of maximum drawdown, BIZD dropped -55.44% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

VWINX currently has the higher Sharpe Ratio (2.03 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.