NMFC vs. BIZD
Compare and contrast key facts about New Mountain Finance Corporation (NMFC) and VanEck Vectors BDC Income ETF (BIZD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NMFC or BIZD.
Performance
NMFC vs. BIZD - Performance Comparison
Returns By Period
In the year-to-date period, NMFC achieves a -1.85% return, which is significantly lower than BIZD's 10.50% return. Over the past 10 years, NMFC has underperformed BIZD with an annualized return of 7.95%, while BIZD has yielded a comparatively higher 8.44% annualized return.
NMFC
-1.85%
-0.99%
-3.31%
1.36%
7.69%
7.95%
BIZD
10.50%
-1.33%
1.21%
15.74%
10.90%
8.44%
Key characteristics
| NMFC | BIZD | |
|---|---|---|
| Sharpe Ratio | 0.12 | 1.41 |
| Sortino Ratio | 0.25 | 1.92 |
| Omega Ratio | 1.03 | 1.26 |
| Calmar Ratio | 0.11 | 1.75 |
| Martin Ratio | 0.49 | 6.51 |
| Ulcer Index | 2.77% | 2.36% |
| Daily Std Dev | 11.29% | 10.89% |
| Max Drawdown | -64.16% | -55.47% |
| Current Drawdown | -5.09% | -1.87% |
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Correlation
The correlation between NMFC and BIZD is 0.66, 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.
Risk-Adjusted Performance
NMFC vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Mountain Finance Corporation (NMFC) 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.
Dividends
NMFC vs. BIZD - Dividend Comparison
NMFC's dividend yield for the trailing twelve months is around 12.29%, more than BIZD's 11.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFC New Mountain Finance Corporation | 12.29% | 11.71% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% | 9.91% | 9.84% |
BIZD VanEck Vectors BDC Income ETF | 11.30% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
NMFC vs. BIZD - Drawdown Comparison
The maximum NMFC drawdown since its inception was -64.16%, which is greater than BIZD's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for NMFC and BIZD. For additional features, visit the drawdowns tool.
Volatility
NMFC vs. BIZD - Volatility Comparison
New Mountain Finance Corporation (NMFC) has a higher volatility of 6.21% compared to VanEck Vectors BDC Income ETF (BIZD) at 3.42%. This indicates that NMFC's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.