PBDC vs. BIZD
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and VanEck Vectors BDC Income ETF (BIZD).
PBDC and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022. 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: PBDC or BIZD.
Performance
PBDC vs. BIZD - Performance Comparison
Returns By Period
In the year-to-date period, PBDC achieves a 14.68% return, which is significantly higher than BIZD's 13.01% return.
PBDC
14.68%
0.21%
4.28%
19.49%
N/A
N/A
BIZD
13.01%
1.58%
3.38%
17.55%
11.51%
8.66%
Key characteristics
| PBDC | BIZD | |
|---|---|---|
| Sharpe Ratio | 1.74 | 1.60 |
| Sortino Ratio | 2.36 | 2.17 |
| Omega Ratio | 1.32 | 1.29 |
| Calmar Ratio | 2.27 | 2.00 |
| Martin Ratio | 9.01 | 7.43 |
| Ulcer Index | 2.14% | 2.36% |
| Daily Std Dev | 11.04% | 10.96% |
| Max Drawdown | -10.57% | -55.47% |
| Current Drawdown | -0.50% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBDC vs. BIZD - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Correlation
The correlation between PBDC and BIZD is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PBDC vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) 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
PBDC vs. BIZD - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 9.65%, less than BIZD's 11.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 9.65% | 9.86% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 11.05% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
PBDC vs. BIZD - Drawdown Comparison
The maximum PBDC drawdown since its inception was -10.57%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for PBDC and BIZD. For additional features, visit the drawdowns tool.
Volatility
PBDC vs. BIZD - Volatility Comparison
Putnam BDC Income ETF (PBDC) and VanEck Vectors BDC Income ETF (BIZD) have volatilities of 3.63% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.