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.
Performance
NOA vs. BIZD - Performance Comparison
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NOA vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | -6.81% | -31.98% | 5.16% | 58.49% | -9.78% | 54.32% | -17.24% | 37.27% | 81.63% | 30.91% |
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, NOA achieves a -6.81% return, which is significantly higher than BIZD's -11.26% return. Over the past 10 years, NOA has outperformed BIZD with an annualized return of 22.87%, while BIZD has yielded a comparatively lower 7.53% annualized return.
NOA
- 1D
- -1.26%
- 1M
- -20.52%
- YTD
- -6.81%
- 6M
- -7.78%
- 1Y
- -14.88%
- 3Y*
- -5.57%
- 5Y*
- 5.14%
- 10Y*
- 22.87%
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%
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Return for Risk
NOA vs. BIZD — Risk / Return Rank
NOA
BIZD
NOA vs. BIZD - Risk-Adjusted Trends 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.
| NOA | BIZD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.29 | -0.81 | +0.53 |
Sortino ratioReturn per unit of downside risk | -0.03 | -1.05 | +1.02 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.87 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.73 | +0.31 |
Martin ratioReturn relative to average drawdown | -0.80 | -1.49 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOA | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | -0.81 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.31 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.35 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.30 | -0.29 |
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.
Dividends
NOA vs. BIZD - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 2.60%, less than BIZD's 14.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | 2.60% | 2.39% | 1.42% | 1.54% | 1.84% | 0.85% | 1.21% | 0.74% | 0.73% | 1.62% | 2.08% | 4.62% |
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
NOA vs. BIZD - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.59%, which is greater than BIZD's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for NOA and BIZD.
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Drawdown Indicators
| NOA | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -55.44% | -38.15% |
Max Drawdown (1Y)Largest decline over 1 year | -32.31% | -22.22% | -10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -50.67% | -22.91% | -27.76% |
Max Drawdown (10Y)Largest decline over 10 years | -68.41% | -55.44% | -12.97% |
Current DrawdownCurrent decline from peak | -45.40% | -21.29% | -24.11% |
Average DrawdownAverage peak-to-trough decline | -55.82% | -6.58% | -49.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 10.98% | +6.13% |
Volatility
NOA vs. BIZD - Volatility Comparison
North American Construction Group Ltd (NOA) has a higher volatility of 34.87% compared to VanEck Vectors BDC Income ETF (BIZD) at 6.68%. 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.
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Volatility by Period
| NOA | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.87% | 6.68% | +28.19% |
Volatility (6M)Calculated over the trailing 6-month period | 41.94% | 14.30% | +27.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.99% | 21.28% | +30.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.45% | 17.17% | +25.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.20% | 21.59% | +24.61% |