FDIQ vs. BIZD
FDIQ (Invesco Bloomberg Financial Data Providers ETF) and BIZD (VanEck BDC Income ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while BIZD tracks the MVIS US Business Development Companies Index. Both are passively managed. Over the past 10 years, FDIQ returned 8.19%/yr vs 7.75%/yr for BIZD. A 0.53 correlation means they provide meaningful diversification when combined. FDIQ charges 0.35%/yr vs 12.86%/yr for BIZD.
Performance
FDIQ vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, FDIQ achieves a 16.09% return, which is significantly higher than BIZD's -3.95% return. Over the past 10 years, FDIQ has outperformed BIZD with an annualized return of 8.19%, while BIZD has yielded a comparatively lower 7.75% annualized return.
FDIQ
- 1D
- 1.28%
- 1M
- 4.09%
- 6M
- 10.01%
- YTD
- 16.09%
- 1Y
- 21.33%
- 3Y*
- 18.65%
- 5Y*
- 7.46%
- 10Y*
- 8.19%
BIZD
- 1D
- 1.50%
- 1M
- 3.86%
- 6M
- -6.71%
- YTD
- -3.95%
- 1Y
- -13.50%
- 3Y*
- 5.03%
- 5Y*
- 5.46%
- 10Y*
- 7.75%
FDIQ vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 16.09% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
BIZD VanEck BDC Income ETF | -3.95% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
Correlation
The correlation between FDIQ and BIZD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.53 |
The correlation between FDIQ and BIZD has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
FDIQ vs. BIZD — Risk / Return Rank
FDIQ
BIZD
FDIQ vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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.
| FDIQ | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.90 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.61 | +2.09 |
| Martin ratioReturn relative to average drawdown | 4.06 | -0.97 | +5.02 |
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Drawdowns
FDIQ vs. BIZD - Drawdown Comparison
The maximum FDIQ drawdown since its inception was -52.86%, roughly equal to the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for FDIQ and BIZD.
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Drawdown Indicators
| FDIQ | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -55.44% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -22.22% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -22.56% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -42.99% | -22.91% | -20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -52.86% | -55.44% | +2.58% |
Current DrawdownCurrent decline from peak | -3.21% | -14.81% | +11.60% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -6.81% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 14.01% | -8.74% |
Volatility
FDIQ vs. BIZD - Volatility Comparison
Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a higher volatility of 7.18% compared to VanEck BDC Income ETF (BIZD) at 4.93%. This indicates that FDIQ'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.
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Volatility by Period
| FDIQ | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 4.93% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 15.06% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.01% | 18.73% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.45% | 17.49% | +10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.98% | 21.78% | +9.20% |
FDIQ vs. BIZD - Expense Ratio Comparison
FDIQ has a 0.35% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
FDIQ vs. BIZD - Dividend Comparison
FDIQ's dividend yield for the trailing twelve months is around 2.15%, less than BIZD's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 11.85% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.15% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
Frequently Asked Questions
FDIQ and BIZD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIQ has higher volatility (7.18%) compared to BIZD (4.93%). In terms of maximum drawdown, FDIQ dropped -52.86% vs BIZD's -55.44%.
On 10-year performance, FDIQ leads with 8.19% vs 7.75% for BIZD. On fees, FDIQ is cheaper at 0.35% per year. On volatility, BIZD has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FDIQ has performed better with a 8.19% return vs 7.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 11.85%, compared with 2.15% for FDIQ.
FDIQ tracks Bloomberg Financial Data Providers Index, while BIZD tracks MVIS US Business Development Companies Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.35% for FDIQ and 12.86% for BIZD.
FDIQ currently has the higher Sharpe Ratio (0.97 vs -0.72), 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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