BRF vs. BIZD

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Vectors Brazil Small-Cap ETF (BRF) and VanEck Vectors BDC Income ETF (BIZD).

BRF and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRF is a passively managed fund by VanEck that tracks the performance of the MVIS Brazil Small-Cap Index. It was launched on May 12, 2009. BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013. Both BRF and BIZD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BRF vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Brazil Small-Cap ETF (BRF) and VanEck Vectors BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

BRF vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRF VanEck Vectors Brazil Small-Cap ETF	14.99%	54.17%	-35.02%	37.21%	-14.38%	-20.40%	-21.07%	40.66%	-12.07%	54.63%
BIZD VanEck Vectors BDC Income ETF	-11.26%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	0.36%

Returns By Period

In the year-to-date period, BRF achieves a 14.99% return, which is significantly higher than BIZD's -11.26% return. Over the past 10 years, BRF has outperformed BIZD with an annualized return of 7.95%, while BIZD has yielded a comparatively lower 7.53% annualized return.

BRF

• 1D: 0.76%
• 1M: -3.62%
• YTD: 14.99%
• 6M: 20.14%
• 1Y: 50.62%
• 3Y*: 16.76%
• 5Y*: 3.68%
• 10Y*: 7.95%

BIZD

• 1D: -1.69%
• 1M: -2.45%
• YTD: -11.26%
• 6M: -9.63%
• 1Y: -17.22%
• 3Y*: 5.73%
• 5Y*: 5.22%
• 10Y*: 7.53%

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

BRF vs. BIZD - Expense Ratio Comparison

BRF has a 0.60% expense ratio, which is lower than BIZD's 10.92% expense ratio.

BIZD

VanEck Vectors BDC Income ETF

BRF

VanEck Vectors Brazil Small-Cap ETF

Return for Risk

BRF vs. BIZD — Risk / Return Rank

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

BRF

BRF Risk / Return Rank: 84
BRF Sharpe Ratio Rank: 85
BRF Sortino Ratio Rank: 83
BRF Omega Ratio Rank: 78
BRF Calmar Ratio Rank: 91
BRF Martin Ratio Rank: 86

BIZD

BIZD Risk / Return Rank: 1
BIZD Sharpe Ratio Rank: 1
BIZD Sortino Ratio Rank: 2
BIZD Omega Ratio Rank: 2
BIZD Calmar Ratio Rank: 2
BIZD Martin Ratio Rank: 1

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.

BRF vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Brazil Small-Cap ETF (BRF) and VanEck Vectors BDC Income ETF (BIZD). 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.

	BRF	BIZD	Difference
Sharpe ratio Return per unit of total volatility	1.76	-0.81	+2.57
Sortino ratio Return per unit of downside risk	2.29	-1.05	+3.34
Omega ratio Gain probability vs. loss probability	1.31	0.87	+0.44
Calmar ratio Return relative to maximum drawdown	3.28	-0.73	+4.01
Martin ratio Return relative to average drawdown	10.80	-1.49	+12.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRF vs. BIZD - Sharpe Ratio Comparison

The current BRF Sharpe Ratio is 1.76, which is higher than the BIZD Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of BRF and BIZD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BRF	BIZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	-0.81	+2.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.31	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.35	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.30	-0.22

Correlation

The correlation between BRF and BIZD is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BRF vs. BIZD - Dividend Comparison

BRF's dividend yield for the trailing twelve months is around 4.82%, less than BIZD's 14.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRF VanEck Vectors Brazil Small-Cap ETF	4.82%	5.54%	4.08%	5.02%	4.13%	2.96%	1.66%	2.54%	2.89%	4.53%	4.25%	3.84%
BIZD VanEck Vectors BDC Income ETF	14.23%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%

Drawdowns

BRF vs. BIZD - Drawdown Comparison

The maximum BRF drawdown since its inception was -82.26%, which is greater than BIZD's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for BRF and BIZD.

Drawdown Indicators

	BRF	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-82.26%	-55.44%	-26.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.11%	-22.22%	+6.11%
Max Drawdown (5Y) Largest decline over 5 years	-50.49%	-22.91%	-27.58%
Max Drawdown (10Y) Largest decline over 10 years	-60.43%	-55.44%	-4.99%
Current Drawdown Current decline from peak	-43.94%	-21.29%	-22.65%
Average Drawdown Average peak-to-trough decline	-45.76%	-6.58%	-39.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	10.98%	-6.09%

Volatility

BRF vs. BIZD - Volatility Comparison

VanEck Vectors Brazil Small-Cap ETF (BRF) has a higher volatility of 13.88% compared to VanEck Vectors BDC Income ETF (BIZD) at 6.68%. This indicates that BRF's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRF	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.88%	6.68%	+7.20%
Volatility (6M) Calculated over the trailing 6-month period	22.76%	14.30%	+8.46%
Volatility (1Y) Calculated over the trailing 1-year period	29.00%	21.28%	+7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.52%	17.17%	+14.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.00%	21.59%	+12.41%