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NOA vs. BIZD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NOA 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.


Performance

NOA vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North American Construction Group Ltd (NOA) and VanEck Vectors BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%December2025FebruaryMarchAprilMay
336.24%
137.79%
NOA
BIZD

Key characteristics

Sharpe Ratio

NOA:

-0.59

BIZD:

0.10

Sortino Ratio

NOA:

-0.67

BIZD:

0.25

Omega Ratio

NOA:

0.91

BIZD:

1.04

Calmar Ratio

NOA:

-0.50

BIZD:

0.09

Martin Ratio

NOA:

-1.48

BIZD:

0.34

Ulcer Index

NOA:

15.51%

BIZD:

5.03%

Daily Std Dev

NOA:

38.87%

BIZD:

17.83%

Max Drawdown

NOA:

-93.62%

BIZD:

-55.47%

Current Drawdown

NOA:

-37.38%

BIZD:

-12.40%

Returns By Period

In the year-to-date period, NOA achieves a -27.30% return, which is significantly lower than BIZD's -6.13% return. Over the past 10 years, NOA has outperformed BIZD with an annualized return of 20.69%, while BIZD has yielded a comparatively lower 8.66% annualized return.


NOA

YTD

-27.30%

1M

9.53%

6M

-24.35%

1Y

-22.77%

5Y*

26.67%

10Y*

20.69%

BIZD

YTD

-6.13%

1M

2.15%

6M

0.18%

1Y

0.11%

5Y*

19.23%

10Y*

8.66%

*Annualized

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Risk-Adjusted Performance

NOA vs. BIZD — Risk-Adjusted Performance Rank

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

NOA
The Risk-Adjusted Performance Rank of NOA is 1717
Overall Rank
The Sharpe Ratio Rank of NOA is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of NOA is 1919
Sortino Ratio Rank
The Omega Ratio Rank of NOA is 2020
Omega Ratio Rank
The Calmar Ratio Rank of NOA is 2020
Calmar Ratio Rank
The Martin Ratio Rank of NOA is 88
Martin Ratio Rank

BIZD
The Risk-Adjusted Performance Rank of BIZD is 2222
Overall Rank
The Sharpe Ratio Rank of BIZD is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of BIZD is 2121
Sortino Ratio Rank
The Omega Ratio Rank of BIZD is 2121
Omega Ratio Rank
The Calmar Ratio Rank of BIZD is 2323
Calmar Ratio Rank
The Martin Ratio Rank of BIZD is 2323
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current NOA Sharpe Ratio is -0.59, which is lower than the BIZD Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of NOA 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.00December2025FebruaryMarchAprilMay
-0.59
0.10
NOA
BIZD

Dividends

NOA vs. BIZD - Dividend Comparison

NOA's dividend yield for the trailing twelve months is around 2.02%, less than BIZD's 11.78% yield.


TTM20242023202220212020201920182017201620152014
NOA
North American Construction Group Ltd
2.02%1.42%1.42%1.84%0.85%1.21%0.91%0.69%1.66%2.08%4.34%2.29%
BIZD
VanEck Vectors BDC Income ETF
11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%8.51%

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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-37.38%
-12.40%
NOA
BIZD

Volatility

NOA vs. BIZD - Volatility Comparison

North American Construction Group Ltd (NOA) has a higher volatility of 15.29% compared to VanEck Vectors BDC Income ETF (BIZD) at 11.09%. 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.


0.00%5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
15.29%
11.09%
NOA
BIZD