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GRNB vs. BIZD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRNB vs. BIZD

Last updated Jun 5, 2026

GRNB (VanEck Green Bond ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - GRNB is a Global Bonds fund tracking the S&P Green Bond U.S. Dollar Select Index, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past 5 years, GRNB returned 0.78%/yr vs 4.49%/yr for BIZD. At a 0.10 correlation, their price movements are largely independent. GRNB charges 0.20%/yr vs 0.42%/yr for BIZD.

Performance

GRNB vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Green Bond ETF (GRNB) and VanEck BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GRNB achieves a 0.51% return, which is significantly higher than BIZD's -6.93% return.

GRNB

1D
0.08%
1M
0.34%
YTD
0.51%
6M
0.74%
1Y
4.68%
3Y*
5.08%
5Y*
0.78%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GRNB vs. BIZD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GRNB
VanEck Green Bond ETF		0.51%7.09%3.31%7.08%-11.93%-2.36%7.98%5.40%-4.07%9.87%
BIZD
VanEck BDC Income ETF		-6.93%-4.96%15.63%27.02%-8.51%36.25%-7.12%30.87%-6.88%-4.43%

Correlation

The correlation between GRNB and BIZD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2017

0.10

The correlation between GRNB and BIZD shifts across timeframes, from 0.10 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

GRNB vs. BIZD - Sectors Allocation Comparison

Sectors
GRNB
BIZD

Financial Services

0.1%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

GRNB
0.1%
BIZD
100.0%

Basic Materials

GRNB

-

BIZD

-

Communication Services

GRNB

-

BIZD

-

Consumer Cyclical

GRNB

-

BIZD

-

Consumer Defensive

GRNB

-

BIZD

-

Energy

GRNB

-

BIZD

-

Healthcare

GRNB

-

BIZD

-

Industrials

GRNB

-

BIZD

-

Real Estate

GRNB

-

BIZD

-

Technology

GRNB

-

BIZD

-

Utilities

GRNB

-

BIZD

-

Compare stocks, funds, or ETFs

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

VanEck Green Bond ETF

VanEck BDC Income ETF

Often compared with GRNB:
GRNB vs. BGRNGRNB vs. ANGLGRNB vs. VCEBGRNB vs. ISHGGRNB vs. CBONGRNB vs. BNDXGRNB vs. BND
Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. SCHD

Return for Risk

GRNB vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRNB
GRNB Risk / Return Rank: 4646
Overall Rank
GRNB Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
GRNB Sortino Ratio Rank: 4848
Sortino Ratio Rank
GRNB Omega Ratio Rank: 4949
Omega Ratio Rank
GRNB Calmar Ratio Rank: 3939
Calmar Ratio Rank
GRNB Martin Ratio Rank: 4545
Martin Ratio Rank
BIZD
BIZD Risk / Return Rank: 44
Overall Rank
BIZD Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 44
Sortino Ratio Rank
BIZD Omega Ratio Rank: 44
Omega Ratio Rank
BIZD Calmar Ratio Rank: 55
Calmar Ratio Rank
BIZD Martin Ratio Rank: 55
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.

GRNB vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) 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.

GRNBBIZDDifference
Sharpe ratioReturn per unit of total volatility
1.60
-0.59

+2.18

Sortino ratioReturn per unit of downside risk
2.32
-0.73

+3.05

Omega ratioGain probability vs. loss probability

1.30

0.92

+0.38

Calmar ratioReturn relative to maximum drawdown

1.87

-0.48

+2.36

Martin ratioReturn relative to average drawdown

7.33

-0.84

+8.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRNB vs. BIZD - Sharpe Ratio Comparison

The current GRNB Sharpe Ratio is 1.60, which is higher than the BIZD Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of GRNB and BIZD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GRNBBIZDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

-0.59

+2.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.26

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.37

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.31

+0.15

Drawdowns

GRNB vs. BIZD - Drawdown Comparison

The maximum GRNB drawdown since its inception was -18.08%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for GRNB and BIZD.

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Drawdown Indicators

GRNBBIZDDifference

Max Drawdown

Largest peak-to-trough decline

-18.08%

-55.44%

+37.36%

Max Drawdown (1Y)

Largest decline over 1 year

-2.51%

-22.22%

+19.71%

Max Drawdown (3Y)

Largest decline over 3 years

-4.24%

-22.56%

+18.32%

Max Drawdown (5Y)

Largest decline over 5 years

-17.94%

-22.91%

+4.97%

Max Drawdown (10Y)

Largest decline over 10 years

—

-55.44%

—

Current Drawdown

Current decline from peak

-0.49%

-17.45%

+16.96%

Average Drawdown

Average peak-to-trough decline

-4.58%

-6.72%

+2.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.64%

12.68%

-12.04%

Volatility

GRNB vs. BIZD - Volatility Comparison

The current volatility for VanEck Green Bond ETF (GRNB) is 0.92%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.39%. This indicates that GRNB 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

GRNBBIZDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.92%

5.39%

-4.47%

Volatility (6M)

Calculated over the trailing 6-month period

2.35%

14.95%

-12.60%

Volatility (1Y)

Calculated over the trailing 1-year period

2.96%

18.25%

-15.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.92%

17.43%

-12.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.88%

21.74%

-16.86%

GRNB vs. BIZD - Expense Ratio Comparison

GRNB has a 0.20% expense ratio, which is lower than BIZD's 0.42% expense ratio.

Dividends

GRNB vs. BIZD - Dividend Comparison

GRNB's dividend yield for the trailing twelve months is around 4.24%, less than BIZD's 13.57% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
GRNB
VanEck Green Bond ETF		4.24%4.18%3.83%3.17%2.60%1.97%2.24%1.79%1.21%1.09%0.00%0.00%

Frequently Asked Questions

GRNB and BIZD have a correlation of 0.28, 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 GRNB (0.92%). In terms of maximum drawdown, GRNB dropped -18.08% vs BIZD's -55.44%.

On 5-year performance, BIZD leads with 4.49% vs 0.78% for GRNB. On fees, GRNB is cheaper at 0.20% per year. On volatility, GRNB has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BIZD has performed better with a 4.49% return vs 0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GRNB is cheaper with a 0.20% expense ratio, compared with 0.42% for BIZD.

BIZD has the higher dividend yield at 13.57%, compared with 4.24% for GRNB.

GRNB is categorized as Global Bonds, while BIZD is Financials Equities. GRNB tracks S&P Green Bond U.S. Dollar Select Index, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.20% for GRNB and 0.42% for BIZD.

GRNB currently has the higher Sharpe Ratio (1.60 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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