CLOB vs. BIZD

Last updated Aug 4, 2026

CLOB (VanEck AA-BB CLO ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - CLOB is a CLO fund actively managed by VanEck, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. CLOB is actively managed, while BIZD is passively managed. Over the past year, CLOB returned 5.76% vs -10.71% for BIZD. Their 0.16 correlation means their historical movements had little consistent relationship. CLOB charges 0.45%/yr vs 12.86%/yr for BIZD.

Performance

CLOB vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck AA-BB CLO ETF (CLOB) and VanEck BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOB achieves a 2.62% return, which is significantly higher than BIZD's -4.84% return.

CLOB

• 1D: 0.10%
• 1M: 0.48%
• 6M: 1.90%
• YTD: 2.62%
• 1Y: 5.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.70%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIZD VanEck BDC Income ETF	$35.10M	$40.21M	$41.46M
CLOB VanEck AA-BB CLO ETF	$1.41M	$885.70K	$614.19K

CLOB vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CLOB VanEck AA-BB CLO ETF	2.62%	6.94%	2.77%
BIZD VanEck BDC Income ETF	-4.84%	-4.96%	6.40%

Correlation

The correlation between CLOB and BIZD is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.16

Return for Risk

CLOB vs. BIZD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLOB

CLOB Risk / Return Rank: 86
CLOB Sharpe Ratio Rank: 85
CLOB Sortino Ratio Rank: 86
CLOB Omega Ratio Rank: 91
CLOB Calmar Ratio Rank: 80
CLOB Martin Ratio Rank: 86

BIZD

BIZD Risk / Return Rank: 5
BIZD Sharpe Ratio Rank: 5
BIZD Sortino Ratio Rank: 5
BIZD Omega Ratio Rank: 5
BIZD Calmar Ratio Rank: 5
BIZD Martin Ratio Rank: 5

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.

CLOB vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck AA-BB CLO ETF (CLOB) and VanEck 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.

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.

	CLOB	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	2.04	-0.57	+2.61
Sortino ratio: Return per unit of downside risk	2.94	-0.71	+3.65
Omega ratio: Gain probability vs. loss probability	1.45	0.92	+0.53
Calmar ratio: Return relative to maximum drawdown	2.96	-0.57	+3.52
Martin ratio: Return relative to average drawdown	12.76	-0.96	+13.72

CLOB vs. BIZD - Sharpe Ratio Comparison

The current CLOB Sharpe Ratio is 2.04, which is higher than the BIZD Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of CLOB and BIZD, 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

CLOB vs. BIZD - Drawdown Comparison

The maximum CLOB drawdown since its inception was -5.54%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for CLOB and BIZD.

Drawdown Indicators

	CLOB	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-5.54%	-55.44%	+49.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	-18.99%	+17.03%
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	0.00%	-15.60%	+15.60%
Average Drawdown Average peak-to-trough decline	-0.28%	-6.85%	+6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	11.22%	-10.77%

Volatility

CLOB vs. BIZD - Volatility Comparison

The current volatility for VanEck AA-BB CLO ETF (CLOB) is 0.35%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.43%. This indicates that CLOB 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.

Volatility by Period

	CLOB	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	5.43%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	15.32%	-12.92%
Volatility (1Y) Calculated over the trailing 1-year period	2.84%	19.00%	-16.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.29%	17.56%	-12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.29%	21.83%	-16.54%

CLOB vs. BIZD - Expense Ratio Comparison

CLOB has a 0.45% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

CLOB vs. BIZD - Dividend Comparison

CLOB's dividend yield for the trailing twelve months is around 6.23%, less than BIZD's 11.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CLOB VanEck AA-BB CLO ETF	6.23%	6.61%	1.65%	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 CLOB and BIZD in my portfolio?

CLOB and BIZD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLOB or BIZD?

BIZD has higher volatility (5.43%) compared to CLOB (0.35%). In terms of maximum drawdown, CLOB dropped -5.54% vs BIZD's -55.44%.

Which ETF is better, CLOB or BIZD?

On 1-year performance, CLOB leads with 5.76% vs -10.71% for BIZD. On fees, CLOB is cheaper at 0.45% per year. On volatility, CLOB has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOB or BIZD?

Over the 1-year period, CLOB has performed better with a 5.76% return vs -10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOB or BIZD?

CLOB is cheaper with a 0.45% expense ratio, compared with 12.86% for BIZD.

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

BIZD has the higher dividend yield at 11.96%, compared with 6.23% for CLOB.

What is the main difference between CLOB and BIZD?

CLOB is categorized as CLO, while BIZD is Financials Equities. Their fees differ too: 0.45% for CLOB and 12.86% for BIZD.

Which has better risk-adjusted returns?

CLOB currently has the higher Sharpe Ratio (2.04 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.