IHY vs. BIZD
IHY (VanEck Vectors International High Yield Bond ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - IHY is a High Yield Bonds fund tracking the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past 10 years, IHY returned 3.94%/yr vs 7.37%/yr for BIZD. Their 0.32 correlation means their historical movements had little consistent relationship. IHY charges 0.40%/yr vs 12.86%/yr for BIZD.
Performance
IHY vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, IHY achieves a 1.69% return, which is significantly higher than BIZD's -4.99% return. Over the past 10 years, IHY has underperformed BIZD with an annualized return of 3.94%, while BIZD has yielded a comparatively higher 7.37% annualized return.
IHY
- 1D
- 0.21%
- 1M
- 0.38%
- 6M
- 0.42%
- YTD
- 1.69%
- 1Y
- 4.66%
- 3Y*
- 8.46%
- 5Y*
- 2.13%
- 10Y*
- 3.94%
- ALL TIME*
- 4.13%
BIZD
- 1D
- -1.85%
- 1M
- 2.17%
- 6M
- -1.01%
- YTD
- -4.99%
- 1Y
- -11.18%
- 3Y*
- 3.85%
- 5Y*
- 4.96%
- 10Y*
- 7.37%
- ALL TIME*
- 6.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.75M | $39.66M | $40.76M | |
| $364.84K | $236.63K | $235.94K |
IHY vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 1.69% | 13.39% | 3.55% | 12.11% | -14.34% | -2.82% | 8.65% | 12.77% | -4.52% | 12.54% |
BIZD VanEck BDC Income ETF | -4.99% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
Correlation
The correlation between IHY and BIZD is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.32 |
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Return for Risk
IHY vs. BIZD — Risk / Return Rank
IHY
BIZD
IHY vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) 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.
| IHY | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.92 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.59 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.41 | -0.99 | +4.41 |
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Drawdowns
IHY vs. BIZD - Drawdown Comparison
The maximum IHY drawdown since its inception was -27.63%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for IHY and BIZD.
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Drawdown Indicators
| IHY | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.63% | -55.44% | +27.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -18.99% | +14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -22.56% | +17.81% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -22.91% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -27.63% | -55.44% | +27.81% |
Current DrawdownCurrent decline from peak | -0.39% | -15.73% | +15.34% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -6.86% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 11.27% | -9.90% |
Volatility
IHY vs. BIZD - Volatility Comparison
The current volatility for VanEck Vectors International High Yield Bond ETF (IHY) is 1.17%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.94%. This indicates that IHY 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
| IHY | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 5.94% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 15.26% | -11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 19.13% | -14.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 17.59% | -9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 21.84% | -14.21% |
IHY vs. BIZD - Expense Ratio Comparison
IHY has a 0.40% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
IHY vs. BIZD - Dividend Comparison
IHY's dividend yield for the trailing twelve months is around 5.81%, less than BIZD's 11.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 11.98% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
IHY VanEck Vectors International High Yield Bond ETF | 5.81% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
Frequently Asked Questions
IHY and BIZD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.94%) compared to IHY (1.17%). In terms of maximum drawdown, IHY dropped -27.63% vs BIZD's -55.44%.
On 10-year performance, BIZD leads with 7.37% vs 3.94% for IHY. On fees, IHY is cheaper at 0.40% per year. On volatility, IHY has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIZD has performed better with a 7.37% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IHY is cheaper with a 0.40% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 11.98%, compared with 5.81% for IHY.
IHY is categorized as High Yield Bonds, while BIZD is Financials Equities. IHY tracks Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.40% for IHY and 12.86% for BIZD.
IHY currently has the higher Sharpe Ratio (0.93 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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