BIZD vs. XLFI

Last updated Jul 14, 2026

BIZD (VanEck BDC Income ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index, while XLFI is a Derivative Income fund actively managed by State Street. BIZD is passively managed, while XLFI is actively managed. At a 0.48 correlation, their price movements are largely independent. BIZD charges 12.86%/yr vs 0.35%/yr for XLFI.

Performance

BIZD vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BDC Income ETF (BIZD) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIZD achieves a -6.86% return, which is significantly lower than XLFI's 1.85% return.

BIZD

• 1D: -0.64%
• 1M: 0.00%
• 6M: -7.77%
• YTD: -6.86%
• 1Y: -15.51%
• 3Y*: 4.21%
• 5Y*: 4.59%
• 10Y*: 7.49%

XLFI

• 1D: 0.45%
• 1M: 3.48%
• 6M: 0.88%
• YTD: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BIZD vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
BIZD VanEck BDC Income ETF	-6.86%	-8.18%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	1.85%	5.40%

Correlation

The correlation between BIZD and XLFI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.48

BIZD vs. XLFI - Sectors Allocation Comparison

Sectors	BIZD	XLFI
Financial Services	100.0%	99.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BIZD vs. XLFI — Risk / Return Rank

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

BIZD

BIZD Risk / Return Rank: 3
BIZD Sharpe Ratio Rank: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 3
BIZD Calmar Ratio Rank: 3
BIZD Martin Ratio Rank: 4

XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BDC Income ETF (BIZD) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	—	—
Sortino ratio: Return per unit of downside risk	-1.12	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.70	—	—
Martin ratio: Return relative to average drawdown	-1.12	—	—

Drawdowns

BIZD vs. XLFI - Drawdown Comparison

The maximum BIZD drawdown since its inception was -55.44%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for BIZD and XLFI.

Drawdown Indicators

	BIZD	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-11.89%	-43.55%
Max Drawdown (1Y) Largest decline over 1 year	-22.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.44%	—	—
Current Drawdown Current decline from peak	-17.39%	0.00%	-17.39%
Average Drawdown Average peak-to-trough decline	-6.81%	-3.17%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.91%	—	—

Volatility

Volatility by Period

	BIZD	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.67%	12.02%	+6.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	12.02%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	12.02%	+9.76%

BIZD vs. XLFI - Expense Ratio Comparison

BIZD has a 12.86% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

BIZD vs. XLFI - Dividend Comparison

BIZD's dividend yield for the trailing twelve months is around 12.22%, more than XLFI's 11.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	12.22%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.44%	5.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIZD and XLFI in my portfolio?

BIZD and XLFI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIZD or XLFI?

On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BIZD or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 12.86% for BIZD.

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

BIZD has the higher dividend yield at 12.22%, compared with 11.44% for XLFI.

What is the main difference between BIZD and XLFI?

BIZD is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: VanEck and State Street. Their fees differ too: 12.86% for BIZD and 0.35% for XLFI.