PBDCX vs. BIZD
PBDCX (PIMCO Investment Grade Credit Bond Fund Class C) and BIZD (VanEck BDC Income ETF) are both funds - PBDCX is a Corporate Bonds fund actively managed by PIMCO, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. PBDCX is actively managed, while BIZD is passively managed. Over the past 10 years, PBDCX returned 1.30%/yr vs 7.22%/yr for BIZD. Their 0.06 correlation means their historical movements had little consistent relationship. PBDCX charges 2.19%/yr vs 12.86%/yr for BIZD.
Performance
PBDCX vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, PBDCX achieves a -1.42% return, which is significantly higher than BIZD's -7.38% return. Over the past 10 years, PBDCX has underperformed BIZD with an annualized return of 1.30%, while BIZD has yielded a comparatively higher 7.22% annualized return.
PBDCX
- 1D
- 0.11%
- 1M
- -1.66%
- 6M
- -1.73%
- YTD
- -1.42%
- 1Y
- 1.07%
- 3Y*
- 3.74%
- 5Y*
- -1.28%
- 10Y*
- 1.30%
- ALL TIME*
- 3.85%
BIZD
- 1D
- -0.16%
- 1M
- -0.88%
- 6M
- -6.19%
- YTD
- -7.38%
- 1Y
- -13.09%
- 3Y*
- 3.10%
- 5Y*
- 4.58%
- 10Y*
- 7.22%
- ALL TIME*
- 6.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.52M | $40.73M | $41.70M | |
| $0.00 | $0.00 | $0.00 |
PBDCX vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | -1.42% | 7.27% | 2.10% | 6.82% | -17.38% | -2.01% | 6.29% | 13.44% | -3.12% | 6.73% |
BIZD VanEck BDC Income ETF | -7.38% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
Correlation
The correlation between PBDCX and BIZD is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.06 |
Over the past year, PBDCX and BIZD have become more correlated (0.30) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
PBDCX vs. BIZD — Risk / Return Rank
PBDCX
BIZD
PBDCX vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) and VanEck 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBDCX | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.89 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.75 | +1.30 |
| Martin ratioReturn relative to average drawdown | 1.44 | -1.27 | +2.71 |
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Drawdowns
PBDCX vs. BIZD - Drawdown Comparison
The maximum PBDCX drawdown since its inception was -23.73%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for PBDCX and BIZD.
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Drawdown Indicators
| PBDCX | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -55.44% | +31.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -18.99% | +15.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -22.56% | +16.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -22.91% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -55.44% | +31.71% |
Current DrawdownCurrent decline from peak | -6.62% | -17.85% | +11.23% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -6.85% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 11.35% | -9.84% |
Volatility
PBDCX vs. BIZD - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) is 1.22%, while VanEck BDC Income ETF (BIZD) has a volatility of 4.68%. 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.
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Volatility by Period
| PBDCX | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 4.68% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 15.09% | -11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 18.80% | -14.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 17.51% | -11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 21.81% | -16.05% |
PBDCX vs. BIZD - Expense Ratio Comparison
PBDCX has a 2.19% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
PBDCX vs. BIZD - Dividend Comparison
PBDCX's dividend yield for the trailing twelve months is around 3.49%, less than BIZD's 12.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 12.29% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | 3.49% | 3.55% | 3.21% | 2.45% | 2.46% | 3.48% | 2.69% | 2.82% | 3.04% | 3.33% | 2.76% | 5.47% |
Frequently Asked Questions
PBDCX and BIZD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (4.68%) compared to PBDCX (1.22%). In terms of maximum drawdown, PBDCX dropped -23.73% vs BIZD's -55.44%.
PBDCX currently has the higher Sharpe Ratio (0.48 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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