IVRA vs. BIZD

Last updated Aug 2, 2026

IVRA (Invesco Real Assets ESG ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - IVRA is a ESG fund actively managed by Invesco, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. IVRA is actively managed, while BIZD is passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. IVRA charges 0.59%/yr vs 12.86%/yr for BIZD.

Performance

IVRA vs. BIZD - Performance Comparison

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

Returns By Period

IVRA

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BIZD

• 1D: -0.16%
• 1M: -0.88%
• 6M: -6.19%
• YTD: -7.38%
• 1Y: -13.09%
• 3Y*: 3.10%
• 5Y*: 4.58%
• 10Y*: 7.22%
• ALL TIME*: 6.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIZD VanEck BDC Income ETF	$36.52M	$40.73M	$41.70M

IVRA vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IVRA Invesco Real Assets ESG ETF	11.70%	10.20%	13.07%	9.13%	-10.00%	32.74%	1.28%
BIZD VanEck BDC Income ETF	-7.38%	-4.96%	15.63%	27.02%	-8.51%	36.25%	1.15%

Correlation

The correlation between IVRA and BIZD is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.53
Correlation (All Time) Calculated using the full available price history since Dec 22, 2020	0.53

Over the past year, the correlation between IVRA and BIZD has dropped to 0.21 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

IVRA vs. BIZD - Sectors Allocation Comparison

Sectors	IVRA	BIZD
Real Estate	48.6%	-
Energy	23.5%	-
Basic Materials	13.7%	-
Utilities	10.3%	-
Consumer Defensive	1.7%	-
Consumer Cyclical	1.5%	-
Financial Services	0.7%	100.0%
Communication Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-

Return for Risk

IVRA vs. BIZD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVRA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BIZD

BIZD Risk / Return Rank: 3
BIZD Sharpe Ratio Rank: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 3
BIZD Calmar Ratio Rank: 3
BIZD Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVRA vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) 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.

	IVRA	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.76	—
Sortino ratio: Return per unit of downside risk	—	-1.00	—
Omega ratio: Gain probability vs. loss probability	—	0.89	—
Calmar ratio: Return relative to maximum drawdown	—	-0.75	—
Martin ratio: Return relative to average drawdown	—	-1.27	—

Drawdowns

Drawdown Indicators

	IVRA	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.44%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.44%	—
Current Drawdown Current decline from peak	—	-17.85%	—
Average Drawdown Average peak-to-trough decline	—	-6.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.35%	—

Volatility

Volatility by Period

	IVRA	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.51%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.81%	—

IVRA vs. BIZD - Expense Ratio Comparison

IVRA has a 0.59% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

IVRA vs. BIZD - Dividend Comparison

IVRA has not paid dividends to shareholders, while BIZD's dividend yield for the trailing twelve months is around 12.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	12.29%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
IVRA Invesco Real Assets ESG ETF	16.54%	5.68%	3.71%	2.47%	2.30%	3.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVRA and BIZD in my portfolio?

IVRA and BIZD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVRA or BIZD?

On fees, IVRA is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVRA or BIZD?

IVRA is cheaper with a 0.59% expense ratio, compared with 12.86% for BIZD.

Which ETF pays a higher dividend yield, IVRA or BIZD?

IVRA has the higher dividend yield at 16.54%, compared with 12.29% for BIZD.

What is the main difference between IVRA and BIZD?

IVRA is categorized as ESG, while BIZD is Financials Equities. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.59% for IVRA and 12.86% for BIZD.