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BIZD vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIZD vs. XLFI

Last updated Aug 4, 2026
Documentation

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. Over the past year, BIZD returned -10.71% vs 12.57% for XLFI. Their 0.51 correlation means they have sometimes moved together and sometimes differently. 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.

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Returns By Period

In the year-to-date period, BIZD achieves a -4.84% return, which is significantly lower than XLFI's 4.34% return.

BIZD

1D
2.74%
1M
1.84%
6M
-1.94%
YTD
-4.84%
1Y
-10.71%
3Y*
3.90%
5Y*
5.36%
10Y*
7.38%
ALL TIME*
6.33%

XLFI

1D
1.13%
1M
3.25%
6M
5.06%
YTD
4.34%
1Y
12.57%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
9.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BIZD

VanEck BDC Income ETF
$35.10M$40.21M$41.46M

XLFI

State Street Financial Select Sector SPDR Premium Income ETF
$182.20K$220.07K$173.47K

BIZD vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
BIZD
VanEck BDC Income ETF		-4.84%-8.18%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		4.34%5.40%

Correlation

The correlation between BIZD and XLFI is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.50

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

0.51

The correlation between BIZD and XLFI has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.

BIZD vs. XLFI - Sectors Allocation Comparison

Sectors
BIZD
XLFI

Financial Services

100.0%
100.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

BIZD
100.0%
XLFI
100.4%

Basic Materials

BIZD

-

XLFI

-

Communication Services

BIZD

-

XLFI

-

Consumer Cyclical

BIZD

-

XLFI

-

Consumer Defensive

BIZD

-

XLFI

-

Energy

BIZD

-

XLFI

-

Healthcare

BIZD

-

XLFI

-

Industrials

BIZD

-

XLFI

-

Real Estate

BIZD

-

XLFI

-

Technology

BIZD

-

XLFI

-

Utilities

BIZD

-

XLFI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck BDC Income ETF

State Street Financial Select Sector SPDR Premium Income ETF

Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. HYIN
Often compared with XLFI:
XLFI vs. XLFXLFI vs. EUFNXLFI vs. PBPXLFI vs. KREXLFI vs. FXOXLFI vs. IVVWXLFI vs. IYF

Return for Risk

BIZD vs. XLFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BIZD
BIZD Risk / Return Rank: 55
Overall Rank
BIZD Sharpe Ratio Rank: 55
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 55
Sortino Ratio Rank
BIZD Omega Ratio Rank: 55
Omega Ratio Rank
BIZD Calmar Ratio Rank: 55
Calmar Ratio Rank
BIZD Martin Ratio Rank: 55
Martin Ratio Rank
XLFI
XLFI Risk / Return Rank: 3535
Overall Rank
XLFI Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
XLFI Sortino Ratio Rank: 3636
Sortino Ratio Rank
XLFI Omega Ratio Rank: 3838
Omega Ratio Rank
XLFI Calmar Ratio Rank: 3030
Calmar Ratio Rank
XLFI Martin Ratio Rank: 3131
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

BIZDXLFIDifference
Sharpe ratioReturn per unit of total volatility
-0.57
1.07

-1.64

Sortino ratioReturn per unit of downside risk
-0.71
1.45

-2.16

Omega ratioGain probability vs. loss probability

0.92

1.20

-0.27

Calmar ratioReturn relative to maximum drawdown

-0.57

1.06

-1.63

Martin ratioReturn relative to average drawdown

-0.96

2.98

-3.94

BIZD vs. XLFI - Sharpe Ratio Comparison

The current BIZD Sharpe Ratio is -0.57, which is lower than the XLFI Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of BIZD and XLFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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.

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Drawdown Indicators

BIZDXLFIDifference

Max Drawdown

Largest peak-to-trough decline

-55.44%

-11.89%

-43.55%

Max Drawdown (1Y)

Largest decline over 1 year

-18.99%

-11.89%

-7.10%

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

-15.60%

0.00%

-15.60%

Average Drawdown

Average peak-to-trough decline

-6.85%

-3.01%

-3.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.22%

4.22%

+7.00%

Volatility

BIZD vs. XLFI - Volatility Comparison

VanEck BDC Income ETF (BIZD) has a higher volatility of 5.43% compared to State Street Financial Select Sector SPDR Premium Income ETF (XLFI) at 2.84%. This indicates that BIZD's price experiences larger fluctuations and is considered to be riskier than XLFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIZDXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.43%

2.84%

+2.59%

Volatility (6M)

Calculated over the trailing 6-month period

15.32%

9.14%

+6.18%

Volatility (1Y)

Calculated over the trailing 1-year period

19.00%

11.82%

+7.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.56%

11.88%

+5.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.83%

11.88%

+9.95%

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 11.96%, less than XLFI's 12.13% yield.

PositionTTM20252024202320222021202020192018201720162015
BIZD
VanEck BDC Income ETF		11.96%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		12.13%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

BIZD and XLFI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BIZD has higher volatility (5.43%) compared to XLFI (2.84%). In terms of maximum drawdown, BIZD dropped -55.44% vs XLFI's -11.89%.

On 1-year performance, XLFI leads with 12.57% vs -10.71% for BIZD. On fees, XLFI is cheaper at 0.35% per year. On volatility, XLFI has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, XLFI has performed better with a 12.57% return vs -10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

XLFI has the higher dividend yield at 12.13%, compared with 11.96% for BIZD.

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.

XLFI currently has the higher Sharpe Ratio (1.07 vs -0.57), 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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