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 an actively managed fund 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.
Performance
PBDCX vs. BIZD - Performance Comparison
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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 | -1.37% | 7.27% | 2.10% | 6.82% | -17.38% | -2.01% | 6.29% | 13.44% | -3.12% | 6.73% |
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, PBDCX achieves a -1.37% return, which is significantly higher than BIZD's -11.26% return. Over the past 10 years, PBDCX has underperformed BIZD with an annualized return of 1.79%, while BIZD has yielded a comparatively higher 7.53% annualized return.
PBDCX
- 1D
- 0.45%
- 1M
- -2.49%
- YTD
- -1.37%
- 6M
- -0.78%
- 1Y
- 2.71%
- 3Y*
- 3.69%
- 5Y*
- -0.54%
- 10Y*
- 1.79%
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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PBDCX vs. BIZD - Expense Ratio Comparison
PBDCX has a 2.19% expense ratio, which is lower than BIZD's 10.92% expense ratio.
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 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.
| PBDCX | BIZD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | -0.81 | +1.42 |
Sortino ratioReturn per unit of downside risk | 0.85 | -1.05 | +1.90 |
Omega ratioGain probability vs. loss probability | 1.11 | 0.87 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | -0.73 | +1.75 |
Martin ratioReturn relative to average drawdown | 3.32 | -1.49 | +4.80 |
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
| PBDCX | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | -0.81 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.31 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.35 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.30 | +0.43 |
Correlation
The correlation between PBDCX and BIZD is 0.05, 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
PBDCX vs. BIZD - Dividend Comparison
PBDCX's dividend yield for the trailing twelve months is around 3.38%, less than BIZD's 14.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDCX PIMCO Investment Grade Credit Bond Fund Class C | 3.38% | 3.55% | 3.21% | 2.45% | 2.46% | 3.48% | 2.69% | 2.82% | 3.04% | 3.33% | 2.76% | 5.47% |
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
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% | -22.22% | +18.24% |
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 | -6.57% | -21.29% | +14.72% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -6.58% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 10.98% | -9.76% |
Volatility
PBDCX vs. BIZD - Volatility Comparison
The current volatility for PIMCO Investment Grade Credit Bond Fund Class C (PBDCX) is 2.25%, while VanEck Vectors BDC Income ETF (BIZD) has a volatility of 6.68%. 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 | 2.25% | 6.68% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 14.30% | -11.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.09% | 21.28% | -16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 17.17% | -10.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 21.59% | -15.87% |