LFEQ vs. BIZD

Last updated Aug 2, 2026

LFEQ (VanEck Long/Flat Trend ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - LFEQ is a Large Cap Growth Equities fund tracking the Ned Davis Research CMG US Large Cap Long/Flat Index - USD, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past 5 years, LFEQ returned 8.90%/yr vs 4.58%/yr for BIZD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. LFEQ charges 0.58%/yr vs 12.86%/yr for BIZD.

Performance

LFEQ vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Long/Flat Trend ETF (LFEQ) 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, LFEQ achieves a 9.84% return, which is significantly higher than BIZD's -7.38% return.

LFEQ

• 1D: 0.87%
• 1M: 0.35%
• 6M: 8.40%
• YTD: 9.84%
• 1Y: 20.95%
• 3Y*: 15.35%
• 5Y*: 8.90%
• 10Y*: —
• ALL TIME*: 11.53%

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
LFEQ VanEck Long/Flat Trend ETF	$53.35K	$94.32K	$91.22K

LFEQ vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFEQ VanEck Long/Flat Trend ETF	9.84%	10.49%	24.30%	19.66%	-22.05%	27.97%	17.56%	24.07%	-5.55%	5.48%
BIZD VanEck BDC Income ETF	-7.38%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	-3.44%

Correlation

The correlation between LFEQ and BIZD is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (All Time) Calculated using the full available price history since Oct 5, 2017	0.52

The correlation between LFEQ and BIZD has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

LFEQ vs. BIZD - Sectors Allocation Comparison

Sectors	LFEQ	BIZD
Technology	39.1%	-
Financial Services	10.9%	100.0%
Communication Services	10.7%	-
Consumer Cyclical	9.9%	-
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

LFEQ vs. BIZD — Risk / Return Rank

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

LFEQ

LFEQ Risk / Return Rank: 64
LFEQ Sharpe Ratio Rank: 64
LFEQ Sortino Ratio Rank: 62
LFEQ Omega Ratio Rank: 62
LFEQ Calmar Ratio Rank: 61
LFEQ Martin Ratio Rank: 73

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.

LFEQ vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Long/Flat Trend ETF (LFEQ) 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.

	LFEQ	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	1.50	-0.76	+2.26
Sortino ratio: Return per unit of downside risk	2.09	-1.00	+3.09
Omega ratio: Gain probability vs. loss probability	1.27	0.89	+0.38
Calmar ratio: Return relative to maximum drawdown	2.14	-0.75	+2.89
Martin ratio: Return relative to average drawdown	9.09	-1.27	+10.36

LFEQ vs. BIZD - Sharpe Ratio Comparison

The current LFEQ Sharpe Ratio is 1.50, which is higher than the BIZD Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of LFEQ 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.

Drawdowns

LFEQ vs. BIZD - Drawdown Comparison

The maximum LFEQ drawdown since its inception was -35.19%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for LFEQ and BIZD.

Drawdown Indicators

	LFEQ	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-35.19%	-55.44%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-18.99%	+10.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-22.56%	+3.59%
Max Drawdown (5Y) Largest decline over 5 years	-25.55%	-22.91%	-2.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.44%	—
Current Drawdown Current decline from peak	-1.31%	-17.85%	+16.54%
Average Drawdown Average peak-to-trough decline	-6.08%	-6.85%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	11.35%	-9.24%

Volatility

LFEQ vs. BIZD - Volatility Comparison

The current volatility for VanEck Long/Flat Trend ETF (LFEQ) is 3.57%, while VanEck BDC Income ETF (BIZD) has a volatility of 4.68%. This indicates that LFEQ 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

	LFEQ	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	4.68%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	15.09%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	18.80%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.47%	17.51%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	21.81%	-4.28%

LFEQ vs. BIZD - Expense Ratio Comparison

LFEQ has a 0.58% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

LFEQ vs. BIZD - Dividend Comparison

LFEQ's dividend yield for the trailing twelve months is around 0.82%, less than BIZD's 12.29% yield.

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%
LFEQ VanEck Long/Flat Trend ETF	0.82%	0.90%	0.74%	1.56%	1.19%	0.37%	2.06%	1.45%	1.07%	0.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LFEQ and BIZD in my portfolio?

LFEQ and BIZD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFEQ or BIZD?

BIZD has higher volatility (4.68%) compared to LFEQ (3.57%). In terms of maximum drawdown, LFEQ dropped -35.19% vs BIZD's -55.44%.

Which ETF is better, LFEQ or BIZD?

On 5-year performance, LFEQ leads with 8.90% vs 4.58% for BIZD. On fees, LFEQ is cheaper at 0.58% per year. On volatility, LFEQ has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFEQ or BIZD?

Over the 5-year period, LFEQ has performed better with a 8.90% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFEQ or BIZD?

LFEQ is cheaper with a 0.58% expense ratio, compared with 12.86% for BIZD.

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

BIZD has the higher dividend yield at 12.29%, compared with 0.82% for LFEQ.

What is the main difference between LFEQ and BIZD?

LFEQ is categorized as Large Cap Growth Equities, while BIZD is Financials Equities. LFEQ tracks Ned Davis Research CMG US Large Cap Long/Flat Index - USD, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.58% for LFEQ and 12.86% for BIZD.

Which has better risk-adjusted returns?

LFEQ currently has the higher Sharpe Ratio (1.50 vs -0.76), 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.