MVAL vs. BIZD

Last updated Aug 4, 2026

MVAL (VanEck Morningstar Wide Moat Value ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - MVAL is a Large Cap Value Equities fund tracking the Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past year, MVAL returned 17.43% vs -10.71% for BIZD. Their 0.50 correlation means their historical movements had little consistent relationship. MVAL charges 0.49%/yr vs 12.86%/yr for BIZD.

Performance

MVAL vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Value ETF (MVAL) 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, MVAL achieves a 6.18% return, which is significantly higher than BIZD's -4.84% return.

MVAL

• 1D: 1.13%
• 1M: 2.88%
• 6M: 1.32%
• YTD: 6.18%
• 1Y: 17.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.38%

BIZD

• 1D: 2.74%
• 1M: 1.84%
• 6M: -1.94%
• YTD: -4.84%
• 1Y: -10.71%
• 3Y*: 3.90%
• 5Y*: 5.36%
• 10Y*: 7.38%
• ALL TIME*: 6.33%

*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	$35.10M	$40.21M	$41.46M
MVAL VanEck Morningstar Wide Moat Value ETF	$7.88K	$11.28K	$24.52K

MVAL vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVAL VanEck Morningstar Wide Moat Value ETF	6.18%	14.17%	6.27%
BIZD VanEck BDC Income ETF	-4.84%	-4.96%	10.60%

Correlation

The correlation between MVAL and BIZD is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.50

Return for Risk

MVAL vs. BIZD — Risk / Return Rank

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

MVAL

MVAL Risk / Return Rank: 42
MVAL Sharpe Ratio Rank: 47
MVAL Sortino Ratio Rank: 50
MVAL Omega Ratio Rank: 44
MVAL Calmar Ratio Rank: 39
MVAL Martin Ratio Rank: 32

BIZD

BIZD Risk / Return Rank: 5
BIZD Sharpe Ratio Rank: 5
BIZD Sortino Ratio Rank: 5
BIZD Omega Ratio Rank: 5
BIZD Calmar Ratio Rank: 5
BIZD Martin Ratio Rank: 5

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.

MVAL vs. BIZD - Risk-Adjusted Trends Comparison

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

	MVAL	BIZD	Difference
Sharpe ratio: Return per unit of total volatility	1.26	-0.57	+1.83
Sortino ratio: Return per unit of downside risk	1.91	-0.71	+2.62
Omega ratio: Gain probability vs. loss probability	1.22	0.92	+0.30
Calmar ratio: Return relative to maximum drawdown	1.44	-0.57	+2.01
Martin ratio: Return relative to average drawdown	3.12	-0.96	+4.08

MVAL vs. BIZD - Sharpe Ratio Comparison

The current MVAL Sharpe Ratio is 1.26, which is higher than the BIZD Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of MVAL 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

MVAL vs. BIZD - Drawdown Comparison

The maximum MVAL drawdown since its inception was -19.56%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for MVAL and BIZD.

Drawdown Indicators

	MVAL	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-55.44%	+35.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-18.99%	+6.83%
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	-2.82%	-15.60%	+12.78%
Average Drawdown Average peak-to-trough decline	-3.98%	-6.85%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	11.22%	-5.62%

Volatility

MVAL vs. BIZD - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat Value ETF (MVAL) is 4.74%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.43%. This indicates that MVAL 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

	MVAL	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	5.43%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	15.32%	-4.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	19.00%	-5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	17.56%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	21.83%	-6.41%

MVAL vs. BIZD - Expense Ratio Comparison

MVAL has a 0.49% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

MVAL vs. BIZD - Dividend Comparison

MVAL's dividend yield for the trailing twelve months is around 1.65%, less than BIZD's 11.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	11.96%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
MVAL VanEck Morningstar Wide Moat Value ETF	1.65%	1.75%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVAL and BIZD in my portfolio?

MVAL and BIZD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVAL or BIZD?

BIZD has higher volatility (5.43%) compared to MVAL (4.74%). In terms of maximum drawdown, MVAL dropped -19.56% vs BIZD's -55.44%.

Which ETF is better, MVAL or BIZD?

On 1-year performance, MVAL leads with 17.43% vs -10.71% for BIZD. On fees, MVAL is cheaper at 0.49% per year. On volatility, MVAL has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVAL or BIZD?

Over the 1-year period, MVAL has performed better with a 17.43% return vs -10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVAL or BIZD?

MVAL is cheaper with a 0.49% expense ratio, compared with 12.86% for BIZD.

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

BIZD has the higher dividend yield at 11.96%, compared with 1.65% for MVAL.

What is the main difference between MVAL and BIZD?

MVAL is categorized as Large Cap Value Equities, while BIZD is Financials Equities. MVAL tracks Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.49% for MVAL and 12.86% for BIZD.

Which has better risk-adjusted returns?

MVAL currently has the higher Sharpe Ratio (1.26 vs -0.57), 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.