PBDCX vs. BIZD
Compare and contrast key facts about PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) and VanEck Vectors BDC Income ETF (BIZD).
PBDCX is managed by PIMCO. It was launched on Sep 3, 2004. 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: PBDCX or BIZD.
Correlation
The correlation between PBDCX and BIZD is 0.03, 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.
Performance
PBDCX vs. BIZD - Performance Comparison
Key characteristics
PBDCX:
1.20
BIZD:
0.20
PBDCX:
1.77
BIZD:
0.39
PBDCX:
1.21
BIZD:
1.06
PBDCX:
0.42
BIZD:
0.18
PBDCX:
3.36
BIZD:
0.77
PBDCX:
2.00%
BIZD:
4.62%
PBDCX:
5.59%
BIZD:
17.64%
PBDCX:
-23.92%
BIZD:
-55.47%
PBDCX:
-10.02%
BIZD:
-10.67%
Returns By Period
In the year-to-date period, PBDCX achieves a 1.88% return, which is significantly higher than BIZD's -4.28% return. Over the past 10 years, PBDCX has underperformed BIZD with an annualized return of 1.13%, while BIZD has yielded a comparatively higher 8.48% annualized return.
PBDCX
1.88%
0.18%
1.19%
7.08%
-0.40%
1.13%
BIZD
-4.28%
-6.91%
-0.82%
3.18%
20.12%
8.48%
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PBDCX vs. BIZD - Expense Ratio Comparison
PBDCX has a 2.19% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
PBDCX vs. BIZD — Risk-Adjusted Performance Rank
PBDCX
BIZD
PBDCX vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) 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
PBDCX vs. BIZD - Dividend Comparison
PBDCX's dividend yield for the trailing twelve months is around 3.32%, less than BIZD's 11.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | 3.32% | 3.22% | 2.69% | 3.17% | 2.52% | 2.31% | 2.81% | 2.89% | 2.56% | 2.77% | 3.78% | 2.78% |
BIZD VanEck Vectors BDC Income ETF | 11.55% | 10.94% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% |
Drawdowns
PBDCX vs. BIZD - Drawdown Comparison
The maximum PBDCX drawdown since its inception was -23.92%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for PBDCX and BIZD. For additional features, visit the drawdowns tool.
Volatility
PBDCX vs. BIZD - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) is 2.57%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 13.47%. This indicates that PBDCX experiences smaller price fluctuations and is considered to be less risky than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.