EADIX vs. BIZD
Compare and contrast key facts about Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and VanEck Vectors BDC Income ETF (BIZD).
EADIX is managed by Blackrock. It was launched on May 29, 2003. 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: EADIX or BIZD.
Correlation
The correlation between EADIX and BIZD is 0.58, 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
EADIX vs. BIZD - Performance Comparison
Key characteristics
EADIX:
0.69
BIZD:
1.16
EADIX:
1.02
BIZD:
1.60
EADIX:
1.13
BIZD:
1.21
EADIX:
0.94
BIZD:
1.45
EADIX:
3.58
BIZD:
5.35
EADIX:
2.37%
BIZD:
2.38%
EADIX:
12.32%
BIZD:
11.01%
EADIX:
-52.47%
BIZD:
-55.47%
EADIX:
-6.17%
BIZD:
-2.13%
Returns By Period
In the year-to-date period, EADIX achieves a 7.74% return, which is significantly lower than BIZD's 12.40% return. Over the past 10 years, EADIX has underperformed BIZD with an annualized return of 8.16%, while BIZD has yielded a comparatively higher 9.26% annualized return.
EADIX
7.74%
-2.01%
-3.10%
9.87%
9.21%
8.16%
BIZD
12.40%
0.24%
2.82%
13.55%
10.41%
9.26%
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EADIX vs. BIZD - Expense Ratio Comparison
EADIX has a 1.18% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
EADIX vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) 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.
Dividends
EADIX vs. BIZD - Dividend Comparison
EADIX's dividend yield for the trailing twelve months is around 3.49%, less than BIZD's 11.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 3.49% | 4.00% | 5.45% | 2.61% | 3.12% | 3.18% | 3.95% | 3.09% | 3.92% | 3.84% | 3.92% | 3.78% |
BIZD VanEck Vectors BDC Income ETF | 11.11% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
EADIX vs. BIZD - Drawdown Comparison
The maximum EADIX drawdown since its inception was -52.47%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for EADIX and BIZD. For additional features, visit the drawdowns tool.
Volatility
EADIX vs. BIZD - Volatility Comparison
Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) has a higher volatility of 3.47% compared to VanEck Vectors BDC Income ETF (BIZD) at 2.66%. This indicates that EADIX'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.