NOA vs. BIZD
Compare and contrast key facts about North American Construction Group Ltd (NOA) 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: NOA or BIZD.
Performance
NOA vs. BIZD - Performance Comparison
Returns By Period
In the year-to-date period, NOA achieves a -4.36% return, which is significantly lower than BIZD's 11.72% return. Over the past 10 years, NOA has outperformed BIZD with an annualized return of 16.47%, while BIZD has yielded a comparatively lower 8.59% annualized return.
NOA
-4.36%
13.06%
0.72%
4.74%
14.38%
16.47%
BIZD
11.72%
0.00%
3.17%
16.21%
11.27%
8.59%
Key characteristics
| NOA | BIZD | |
|---|---|---|
| Sharpe Ratio | 0.10 | 1.52 |
| Sortino Ratio | 0.39 | 2.06 |
| Omega Ratio | 1.05 | 1.28 |
| Calmar Ratio | 0.10 | 1.89 |
| Martin Ratio | 0.19 | 7.01 |
| Ulcer Index | 18.78% | 2.36% |
| Daily Std Dev | 33.68% | 10.91% |
| Max Drawdown | -93.62% | -55.47% |
| Current Drawdown | -21.66% | -0.78% |
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Correlation
The correlation between NOA and BIZD is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NOA vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for North American Construction Group Ltd (NOA) 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
NOA vs. BIZD - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 1.49%, less than BIZD's 11.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | 1.49% | 1.42% | 1.84% | 0.85% | 1.21% | 0.91% | 0.69% | 1.66% | 2.08% | 4.34% | 2.29% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 11.18% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
NOA vs. BIZD - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.62%, which is greater than BIZD's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for NOA and BIZD. For additional features, visit the drawdowns tool.
Volatility
NOA vs. BIZD - Volatility Comparison
North American Construction Group Ltd (NOA) has a higher volatility of 14.50% compared to VanEck Vectors BDC Income ETF (BIZD) at 3.45%. This indicates that NOA'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.