LCR vs. BIZD

Last updated Jun 3, 2026

LCR (Leuthold Core ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - LCR is a Diversified Portfolio fund actively managed by The Leuthold Group LLC, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. LCR is actively managed, while BIZD is passively managed. Over the past 5 years, LCR returned 6.90%/yr vs 4.54%/yr for BIZD. A 0.58 correlation means they provide meaningful diversification when combined. LCR charges 0.79%/yr vs 0.42%/yr for BIZD.

Performance

LCR vs. BIZD - Performance Comparison

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

Returns By Period

In the year-to-date period, LCR achieves a 4.45% return, which is significantly higher than BIZD's -6.86% return.

LCR

• 1D: 0.19%
• 1M: 2.73%
• YTD: 4.45%
• 6M: 5.70%
• 1Y: 14.56%
• 3Y*: 11.43%
• 5Y*: 6.90%
• 10Y*: —

BIZD

• 1D: -0.70%
• 1M: -4.36%
• YTD: -6.86%
• 6M: -6.58%
• 1Y: -10.35%
• 3Y*: 6.08%
• 5Y*: 4.54%
• 10Y*: 8.02%

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

LCR vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LCR Leuthold Core ETF	4.45%	12.43%	8.68%	12.80%	-7.58%	12.12%	13.28%
BIZD VanEck BDC Income ETF	-6.86%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.34%

Correlation

The correlation between LCR and BIZD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 7, 2020	0.58

The correlation between LCR and BIZD shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

LCR vs. BIZD - Sectors Allocation Comparison

Sectors	LCR	BIZD
Technology	25.7%	-
Healthcare	17.5%	-
Financial Services	16.7%	100.0%
Consumer Cyclical	9.4%	-
Energy	8.8%	-
Basic Materials	8.6%	-
Industrials	6.7%	-
Communication Services	6.1%	-
Consumer Defensive	0.5%	-
Utilities	0.1%	-
Real Estate	-	-

Return for Risk

LCR vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCR

LCR Risk / Return Rank: 56
LCR Sharpe Ratio Rank: 57
LCR Sortino Ratio Rank: 60
LCR Omega Ratio Rank: 57
LCR Calmar Ratio Rank: 49
LCR Martin Ratio Rank: 58

BIZD

BIZD Risk / Return Rank: 4
BIZD Sharpe Ratio Rank: 4
BIZD Sortino Ratio Rank: 4
BIZD Omega Ratio Rank: 4
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 4

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.

LCR vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leuthold Core ETF (LCR) 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.

	LCR	BIZD	Difference
Sharpe ratio Return per unit of total volatility	1.95	-0.58	+2.53
Sortino ratio Return per unit of downside risk	2.84	-0.72	+3.56
Omega ratio Gain probability vs. loss probability	1.36	0.92	+0.44
Calmar ratio Return relative to maximum drawdown	2.51	-0.50	+3.01
Martin ratio Return relative to average drawdown	10.36	-0.88	+11.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCR vs. BIZD - Sharpe Ratio Comparison

The current LCR Sharpe Ratio is 1.95, which is higher than the BIZD Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of LCR 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.

Sharpe Ratios by Period

	LCR	BIZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	-0.58	+2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.26	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.31	+0.44

Drawdowns

LCR vs. BIZD - Drawdown Comparison

The maximum LCR drawdown since its inception was -17.44%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for LCR and BIZD.

Drawdown Indicators

	LCR	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-55.44%	+38.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	-22.22%	+16.20%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-22.56%	+13.97%
Max Drawdown (5Y) Largest decline over 5 years	-13.40%	-22.91%	+9.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.44%	—
Current Drawdown Current decline from peak	0.00%	-17.39%	+17.39%
Average Drawdown Average peak-to-trough decline	-2.84%	-6.71%	+3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	12.58%	-11.12%

Volatility

LCR vs. BIZD - Volatility Comparison

The current volatility for Leuthold Core ETF (LCR) is 2.08%, while VanEck BDC Income ETF (BIZD) has a volatility of 4.33%. This indicates that LCR 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.

Volatility by Period

	LCR	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	4.33%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	5.98%	14.61%	-8.63%
Volatility (1Y) Calculated over the trailing 1-year period	7.49%	17.99%	-10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.02%	17.37%	-8.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	21.73%	-10.33%

LCR vs. BIZD - Expense Ratio Comparison

LCR has a 0.79% expense ratio, which is higher than BIZD's 0.42% expense ratio.

Dividends

LCR vs. BIZD - Dividend Comparison

LCR's dividend yield for the trailing twelve months is around 1.31%, less than BIZD's 13.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	13.56%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
LCR Leuthold Core ETF	1.31%	1.37%	1.86%	1.60%	0.75%	0.21%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCR and BIZD in my portfolio?

LCR and BIZD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCR or BIZD?

BIZD has higher volatility (4.33%) compared to LCR (2.08%). In terms of maximum drawdown, LCR dropped -17.44% vs BIZD's -55.44%.

Which ETF is better, LCR or BIZD?

On 5-year performance, LCR leads with 6.90% vs 4.54% for BIZD. On fees, BIZD is cheaper at 0.42% per year. On volatility, LCR has been the lower-risk option at 2.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCR or BIZD?

Over the 5-year period, LCR has performed better with a 6.90% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCR or BIZD?

BIZD is cheaper with a 0.42% expense ratio, compared with 0.79% for LCR.

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

BIZD has the higher dividend yield at 13.56%, compared with 1.31% for LCR.

What is the main difference between LCR and BIZD?

LCR is categorized as Diversified Portfolio, while BIZD is Financials Equities. They also come from different issuers: The Leuthold Group LLC and VanEck. Their fees differ too: 0.79% for LCR and 0.42% for BIZD.

Which has better risk-adjusted returns?

LCR currently has the higher Sharpe Ratio (1.95 vs -0.58), 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.