GSBD vs. BIZD
Compare and contrast key facts about Goldman Sachs BDC, Inc. (GSBD) and VanEck Vectors BDC Income ETF (BIZD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSBD or BIZD.
Key characteristics
| GSBD | BIZD | |
|---|---|---|
| YTD Return | 9.56% | 7.13% |
| 1Y Return | 32.34% | 35.14% |
| 3Y Return (Ann) | 4.09% | 10.92% |
| 5Y Return (Ann) | 5.25% | 11.18% |
| Sharpe Ratio | 1.94 | 2.75 |
| Daily Std Dev | 15.31% | 11.60% |
| Max Drawdown | -62.67% | -55.47% |
| Current Drawdown | -2.42% | -0.60% |
Correlation
The correlation between GSBD and BIZD is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GSBD vs. BIZD - Performance Comparison
In the year-to-date period, GSBD achieves a 9.56% return, which is significantly higher than BIZD's 7.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GSBD vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs BDC, Inc. (GSBD) 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.
Dividends
GSBD vs. BIZD - Dividend Comparison
GSBD's dividend yield for the trailing twelve months is around 11.55%, more than BIZD's 10.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBD Goldman Sachs BDC, Inc. | 11.55% | 12.29% | 13.12% | 10.16% | 9.34% | 8.39% | 9.71% | 8.05% | 7.59% | 9.40% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 10.67% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
GSBD vs. BIZD - Drawdown Comparison
The maximum GSBD drawdown since its inception was -62.67%, which is greater than BIZD's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for GSBD and BIZD. For additional features, visit the drawdowns tool.
Volatility
GSBD vs. BIZD - Volatility Comparison
Goldman Sachs BDC, Inc. (GSBD) has a higher volatility of 3.75% compared to VanEck Vectors BDC Income ETF (BIZD) at 3.02%. This indicates that GSBD'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.