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.
Key characteristics
| EADIX | BIZD | |
|---|---|---|
| YTD Return | 11.50% | 10.57% |
| 1Y Return | 18.98% | 15.45% |
| 3Y Return (Ann) | 4.56% | 8.85% |
| 5Y Return (Ann) | 10.82% | 10.98% |
| 10Y Return (Ann) | 8.57% | 8.49% |
| Sharpe Ratio | 1.58 | 1.43 |
| Sortino Ratio | 2.22 | 1.95 |
| Omega Ratio | 1.28 | 1.26 |
| Calmar Ratio | 2.08 | 1.78 |
| Martin Ratio | 8.75 | 6.61 |
| Ulcer Index | 2.16% | 2.36% |
| Daily Std Dev | 11.97% | 10.89% |
| Max Drawdown | -52.47% | -55.47% |
| Current Drawdown | -2.89% | -1.81% |
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
In the year-to-date period, EADIX achieves a 11.50% return, which is significantly higher than BIZD's 10.57% return. Both investments have delivered pretty close results over the past 10 years, with EADIX having a 8.57% annualized return and BIZD not far behind at 8.49%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 4.05%, less than BIZD's 11.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 4.05% | 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 | 11.29% | 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
The current volatility for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) is 2.86%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 3.45%. This indicates that EADIX 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.