EMBX vs. BIZD
EMBX (VanEck Emerging Markets Bond ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - EMBX is a Emerging Markets Bonds fund actively managed by VanEck, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. EMBX is actively managed, while BIZD is passively managed. Over the past 10 years, EMBX returned 5.07%/yr vs 7.97%/yr for BIZD. At a 0.27 correlation, their price movements are largely independent. EMBX charges 0.76%/yr vs 0.42%/yr for BIZD.
Performance
EMBX vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, EMBX achieves a 3.74% return, which is significantly higher than BIZD's -6.93% return. Over the past 10 years, EMBX has underperformed BIZD with an annualized return of 5.07%, while BIZD has yielded a comparatively higher 7.97% annualized return.
EMBX
- 1D
- 0.24%
- 1M
- 0.81%
- YTD
- 3.74%
- 6M
- 4.04%
- 1Y
- 15.03%
- 3Y*
- 10.18%
- 5Y*
- 3.93%
- 10Y*
- 5.07%
BIZD
- 1D
- 2.25%
- 1M
- -4.94%
- YTD
- -6.93%
- 6M
- -8.73%
- 1Y
- -10.64%
- 3Y*
- 5.96%
- 5Y*
- 4.49%
- 10Y*
- 7.97%
EMBX vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMBX VanEck Emerging Markets Bond ETF | 3.74% | 18.80% | 3.09% | 9.34% | -7.21% | -4.30% | 11.57% | 13.10% | -6.21% | 11.97% |
BIZD VanEck BDC Income ETF | -6.93% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
Correlation
The correlation between EMBX and BIZD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2013 | 0.27 |
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Return for Risk
EMBX vs. BIZD — Risk / Return Rank
EMBX
BIZD
EMBX vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) 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.
| EMBX | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.23 | ||
| Sortino ratioReturn per unit of downside risk | +4.63 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.92 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.48 | +3.42 |
| Martin ratioReturn relative to average drawdown | 12.46 | -0.84 | +13.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMBX | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | -0.59 | +3.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.26 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.37 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.31 | +0.22 |
Drawdowns
EMBX vs. BIZD - Drawdown Comparison
The maximum EMBX drawdown since its inception was -25.11%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for EMBX and BIZD.
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Drawdown Indicators
| EMBX | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -55.44% | +30.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -22.22% | +17.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.41% | -22.56% | +15.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.07% | -22.91% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -25.11% | -55.44% | +30.33% |
Current DrawdownCurrent decline from peak | -0.38% | -17.45% | +17.07% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -6.72% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 12.68% | -11.47% |
Volatility
EMBX vs. BIZD - Volatility Comparison
The current volatility for VanEck Emerging Markets Bond ETF (EMBX) is 1.72%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.39%. This indicates that EMBX 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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Volatility by Period
| EMBX | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 5.39% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 14.95% | -10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 18.25% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 17.43% | -11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.65% | 21.74% | -15.09% |
EMBX vs. BIZD - Expense Ratio Comparison
EMBX has a 0.76% expense ratio, which is higher than BIZD's 0.42% expense ratio.
Dividends
EMBX vs. BIZD - Dividend Comparison
EMBX's dividend yield for the trailing twelve months is around 5.90%, less than BIZD's 13.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.57% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
EMBX VanEck Emerging Markets Bond ETF | 5.90% | 6.95% | 8.20% | 5.49% | 8.21% | 5.50% | 6.56% | 7.89% | 7.25% | 7.66% | 3.94% | 6.84% |
Frequently Asked Questions
EMBX and BIZD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.39%) compared to EMBX (1.72%). In terms of maximum drawdown, EMBX dropped -25.11% vs BIZD's -55.44%.
On 10-year performance, BIZD leads with 7.97% vs 5.07% for EMBX. On fees, BIZD is cheaper at 0.42% per year. On volatility, EMBX has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIZD has performed better with a 7.97% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIZD is cheaper with a 0.42% expense ratio, compared with 0.76% for EMBX.
BIZD has the higher dividend yield at 13.57%, compared with 5.90% for EMBX.
EMBX is categorized as Emerging Markets Bonds, while BIZD is Financials Equities. Their fees differ too: 0.76% for EMBX and 0.42% for BIZD.
EMBX currently has the higher Sharpe Ratio (2.64 vs -0.59), 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.
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