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FBDC vs. BIZD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FBDC vs. BIZD

Last updated Apr 2, 2026

Compare and contrast key facts about FT Confluence BDC & Specialty Finance Income ETF (FBDC) and VanEck Vectors BDC Income ETF (BIZD).

FBDC and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025. 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.

Performance

FBDC vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Confluence BDC & Specialty Finance Income ETF (FBDC) and VanEck Vectors BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

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FBDC vs. BIZD - Yearly Performance Comparison

2026 (YTD)2025
FBDC
FT Confluence BDC & Specialty Finance Income ETF		-11.13%-2.43%
BIZD
VanEck Vectors BDC Income ETF		-11.26%-5.40%

Returns By Period

The year-to-date returns for both stocks are quite close, with FBDC having a -11.13% return and BIZD slightly lower at -11.26%.

FBDC

1D
-1.40%
1M
-0.93%
YTD
-11.13%
6M
-9.15%
1Y
—
3Y*
—
5Y*
—
10Y*
—

BIZD

1D
-1.69%
1M
-2.45%
YTD
-11.26%
6M
-9.63%
1Y
-17.22%
3Y*
5.73%
5Y*
5.22%
10Y*
7.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FT Confluence BDC & Specialty Finance Income ETF

VanEck Vectors BDC Income ETF

Often compared with FBDC:
FBDC vs. FDIQFBDC vs. SPCZFBDC vs. FNCLFBDC vs. VFHFBDC vs. XLFFBDC vs. EUFNFBDC vs. KBWB
Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. HYINBIZD vs. SCHD

FBDC vs. BIZD - Expense Ratio Comparison

FBDC has a 13.69% expense ratio, which is higher than BIZD's 10.92% expense ratio.

FBDC
FT Confluence BDC & Specialty Finance Income ETF
BIZD
VanEck Vectors BDC Income ETF

Return for Risk

FBDC vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBDC
BIZD
BIZD Risk / Return Rank: 11
Overall Rank
BIZD Sharpe Ratio Rank: 11
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 22
Sortino Ratio Rank
BIZD Omega Ratio Rank: 22
Omega Ratio Rank
BIZD Calmar Ratio Rank: 22
Calmar Ratio Rank
BIZD Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBDC vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FBDC vs. BIZD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

FBDCBIZDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

-0.81

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.31

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.99

0.30

-1.29

Correlation

The correlation between FBDC and BIZD is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FBDC vs. BIZD - Dividend Comparison

FBDC's dividend yield for the trailing twelve months is around 9.41%, less than BIZD's 14.23% yield.

TTM20252024202320222021202020192018201720162015
FBDC
FT Confluence BDC & Specialty Finance Income ETF		9.41%5.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BIZD
VanEck Vectors BDC Income ETF		14.23%11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%

Drawdowns

FBDC vs. BIZD - Drawdown Comparison

The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for FBDC and BIZD.

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Drawdown Indicators

FBDCBIZDDifference

Max Drawdown

Largest peak-to-trough decline

-20.60%

-55.44%

+34.84%

Max Drawdown (1Y)

Largest decline over 1 year

—

-22.22%

—

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

-18.72%

-21.29%

+2.57%

Average Drawdown

Average peak-to-trough decline

-9.16%

-6.58%

-2.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

10.98%

—

Volatility

FBDC vs. BIZD - Volatility Comparison

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Volatility by Period

FBDCBIZDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.68%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

14.30%

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.38%

21.28%

-3.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.38%

17.17%

+0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.38%

21.59%

-4.21%