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

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.


-0.50.00.51.00.3

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%JulyAugustSeptemberOctoberNovemberDecember
462.79%
148.03%
NOA
BIZD

Key characteristics

Sharpe Ratio

NOA:

0.00

BIZD:

1.32

Sortino Ratio

NOA:

0.24

BIZD:

1.81

Omega Ratio

NOA:

1.03

BIZD:

1.24

Calmar Ratio

NOA:

0.00

BIZD:

1.65

Martin Ratio

NOA:

0.00

BIZD:

6.10

Ulcer Index

NOA:

19.48%

BIZD:

2.38%

Daily Std Dev

NOA:

33.61%

BIZD:

11.01%

Max Drawdown

NOA:

-93.62%

BIZD:

-55.47%

Current Drawdown

NOA:

-19.20%

BIZD:

-1.30%

Returns By Period

In the year-to-date period, NOA achieves a -1.35% return, which is significantly lower than BIZD's 13.35% return. Over the past 10 years, NOA has outperformed BIZD with an annualized return of 22.23%, while BIZD has yielded a comparatively lower 9.28% annualized return.


NOA

YTD

-1.35%

1M

3.83%

6M

7.33%

1Y

-2.20%

5Y*

13.13%

10Y*

22.23%

BIZD

YTD

13.35%

1M

1.46%

6M

3.94%

1Y

14.23%

5Y*

10.59%

10Y*

9.28%

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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.


Sharpe ratio
The chart of Sharpe ratio for NOA, currently valued at 0.00, compared to the broader market-4.00-2.000.002.000.001.32
The chart of Sortino ratio for NOA, currently valued at 0.24, compared to the broader market-4.00-2.000.002.004.000.241.81
The chart of Omega ratio for NOA, currently valued at 1.03, compared to the broader market0.501.001.502.001.031.24
The chart of Calmar ratio for NOA, currently valued at 0.00, compared to the broader market0.002.004.006.000.001.65
The chart of Martin ratio for NOA, currently valued at 0.00, compared to the broader market-5.000.005.0010.0015.0020.0025.000.006.10
NOA
BIZD

The current NOA Sharpe Ratio is 0.00, which is lower than the BIZD Sharpe Ratio of 1.32. 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-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
0.00
1.32
NOA
BIZD

Dividends

NOA vs. BIZD - Dividend Comparison

NOA's dividend yield for the trailing twelve months is around 1.51%, less than BIZD's 11.02% yield.


TTM20232022202120202019201820172016201520142013
NOA
North American Construction Group Ltd
1.51%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
11.02%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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-19.20%
-1.30%
NOA
BIZD

Volatility

NOA vs. BIZD - Volatility Comparison

North American Construction Group Ltd (NOA) has a higher volatility of 8.59% compared to VanEck Vectors BDC Income ETF (BIZD) at 2.75%. 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%JulyAugustSeptemberOctoberNovemberDecember
8.59%
2.75%
NOA
BIZD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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