MOAT vs. BIZD

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Vectors Morningstar Wide Moat ETF (MOAT) and VanEck Vectors BDC Income ETF (BIZD).

MOAT and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012. 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. Both MOAT and BIZD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MOAT vs. BIZD - Performance Comparison

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

MOAT vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOAT VanEck Vectors Morningstar Wide Moat ETF	-6.87%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%
BIZD VanEck Vectors BDC Income ETF	-11.26%	-4.96%	15.63%	27.02%	-8.51%	36.25%	-7.12%	30.87%	-6.88%	0.36%

Returns By Period

In the year-to-date period, MOAT achieves a -6.87% return, which is significantly higher than BIZD's -11.26% return. Over the past 10 years, MOAT has outperformed BIZD with an annualized return of 13.46%, while BIZD has yielded a comparatively lower 7.53% annualized return.

MOAT

• 1D: -0.26%
• 1M: -9.39%
• YTD: -6.87%
• 6M: -2.70%
• 1Y: 11.53%
• 3Y*: 10.62%
• 5Y*: 7.92%
• 10Y*: 13.46%

BIZD

• 1D: -1.69%
• 1M: -2.45%
• YTD: -11.26%
• 6M: -9.63%
• 1Y: -17.22%
• 3Y*: 5.73%
• 5Y*: 5.22%
• 10Y*: 7.53%

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

MOAT vs. BIZD - Expense Ratio Comparison

MOAT has a 0.48% expense ratio, which is lower than BIZD's 10.92% expense ratio.

BIZD

VanEck Vectors BDC Income ETF

MOAT

VanEck Vectors Morningstar Wide Moat ETF

Return for Risk

MOAT vs. BIZD — Risk / Return Rank

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

MOAT

MOAT Risk / Return Rank: 31
MOAT Sharpe Ratio Rank: 30
MOAT Sortino Ratio Rank: 32
MOAT Omega Ratio Rank: 30
MOAT Calmar Ratio Rank: 32
MOAT Martin Ratio Rank: 34

BIZD

BIZD Risk / Return Rank: 1
BIZD Sharpe Ratio Rank: 1
BIZD Sortino Ratio Rank: 2
BIZD Omega Ratio Rank: 2
BIZD Calmar Ratio Rank: 2
BIZD Martin Ratio Rank: 1

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.

MOAT vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar Wide Moat ETF (MOAT) 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.

	MOAT	BIZD	Difference
Sharpe ratio Return per unit of total volatility	0.59	-0.81	+1.40
Sortino ratio Return per unit of downside risk	0.98	-1.05	+2.03
Omega ratio Gain probability vs. loss probability	1.13	0.87	+0.26
Calmar ratio Return relative to maximum drawdown	0.83	-0.73	+1.57
Martin ratio Return relative to average drawdown	3.12	-1.49	+4.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOAT vs. BIZD - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.59, which is higher than the BIZD Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of MOAT and BIZD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MOAT	BIZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	-0.81	+1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.31	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.35	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.30	+0.45

Correlation

The correlation between MOAT and BIZD is 0.58, 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.

Dividends

MOAT vs. BIZD - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.46%, less than BIZD's 14.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Vectors Morningstar Wide Moat ETF	1.46%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
BIZD VanEck Vectors BDC Income ETF	14.23%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%

Drawdowns

MOAT vs. BIZD - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for MOAT and BIZD.

Drawdown Indicators

	MOAT	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-55.44%	+22.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.30%	-22.22%	+8.92%
Max Drawdown (5Y) Largest decline over 5 years	-23.96%	-22.91%	-1.05%
Max Drawdown (10Y) Largest decline over 10 years	-33.31%	-55.44%	+22.13%
Current Drawdown Current decline from peak	-10.42%	-21.29%	+10.87%
Average Drawdown Average peak-to-trough decline	-3.80%	-6.58%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	10.98%	-7.43%

Volatility

MOAT vs. BIZD - Volatility Comparison

The current volatility for VanEck Vectors Morningstar Wide Moat ETF (MOAT) is 4.78%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 6.68%. This indicates that MOAT 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

	MOAT	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	6.68%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	14.30%	-4.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	21.28%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.09%	17.17%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	21.59%	-2.88%