CBLS vs. BIZD
Compare and contrast key facts about Changebridge Capital Long/Short Equity ETF (CBLS) and VanEck Vectors BDC Income ETF (BIZD).
CBLS and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBLS is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBLS or BIZD.
Correlation
The correlation between CBLS and BIZD is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CBLS vs. BIZD - Performance Comparison
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Key characteristics
CBLS:
0.79
BIZD:
0.17
CBLS:
1.26
BIZD:
0.45
CBLS:
1.19
BIZD:
1.07
CBLS:
1.03
BIZD:
0.23
CBLS:
2.85
BIZD:
0.85
CBLS:
5.52%
BIZD:
5.23%
CBLS:
16.49%
BIZD:
18.07%
CBLS:
-32.78%
BIZD:
-55.47%
CBLS:
-3.88%
BIZD:
-9.06%
Returns By Period
In the year-to-date period, CBLS achieves a 5.47% return, which is significantly higher than BIZD's -2.55% return.
CBLS
5.47%
7.43%
4.13%
12.89%
N/A
N/A
BIZD
-2.55%
9.12%
1.77%
3.13%
20.82%
8.91%
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CBLS vs. BIZD - Expense Ratio Comparison
CBLS has a 1.95% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
CBLS vs. BIZD — Risk-Adjusted Performance Rank
CBLS
BIZD
CBLS vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Long/Short Equity ETF (CBLS) 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.
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Dividends
CBLS vs. BIZD - Dividend Comparison
CBLS has not paid dividends to shareholders, while BIZD's dividend yield for the trailing twelve months is around 2.72%.
| TTM | |
|---|---|
CBLS Changebridge Capital Long/Short Equity ETF | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 2.72% |
Drawdowns
CBLS vs. BIZD - Drawdown Comparison
The maximum CBLS drawdown since its inception was -32.78%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for CBLS and BIZD. For additional features, visit the drawdowns tool.
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Volatility
CBLS vs. BIZD - Volatility Comparison
The current volatility for Changebridge Capital Long/Short Equity ETF (CBLS) is 3.26%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 6.36%. This indicates that CBLS experiences smaller price fluctuations and is considered to be less risky than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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