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 7.93%/yr vs 7.56%/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 5.60% return, which is significantly higher than BIZD's -9.87% return. Both investments have delivered pretty close results over the past 10 years, with FDIQ having a 7.93% annualized return and BIZD not far behind at 7.56%.
FDIQ
- 1D
- -0.09%
- 1M
- -7.75%
- YTD
- 5.60%
- 6M
- 2.65%
- 1Y
- 17.57%
- 3Y*
- 18.68%
- 5Y*
- 3.92%
- 10Y*
- 7.93%
BIZD
- 1D
- 0.65%
- 1M
- -0.65%
- YTD
- -9.87%
- 6M
- -8.40%
- 1Y
- -12.75%
- 3Y*
- 5.35%
- 5Y*
- 3.92%
- 10Y*
- 7.56%
FDIQ vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 5.60% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
BIZD VanEck BDC Income ETF | -9.87% | -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 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
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 0.51 to 0.57 - 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 | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.90 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.58 | +2.05 |
| Martin ratioReturn relative to average drawdown | 3.67 | -0.96 | +4.63 |
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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 | -11.96% | -22.22% | +10.26% |
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 | -11.96% | -20.05% | +8.09% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -6.76% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 13.30% | -8.51% |
Volatility
FDIQ vs. BIZD - Volatility Comparison
Invesco Bloomberg Financial Data Providers ETF (FDIQ) and VanEck BDC Income ETF (BIZD) have volatilities of 5.49% and 5.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 5.49% | 5.60% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.13% | 15.19% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 18.50% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.54% | 17.44% | +11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.05% | 21.78% | +9.27% |
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 2.36%, less than BIZD's 14.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 14.01% | 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 | 2.36% | 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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.60%) compared to FDIQ (5.49%). In terms of maximum drawdown, FDIQ dropped -52.86% vs BIZD's -55.44%.
On 10-year performance, FDIQ leads with 7.93% vs 7.56% for BIZD. On fees, FDIQ is cheaper at 0.35% per year. On volatility, FDIQ has been the lower-risk option at 5.49%. 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 7.93% return vs 7.56%. 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 14.01%, compared with 2.36% 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 (0.80 vs -0.69), 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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