PDO vs. BIZD
PDO (Pimco Dynamic Income Opportunities Fund) is a stock, while BIZD (VanEck BDC Income ETF) is Financials Equities fund tracking the MVIS US Business Development Companies Index. Over the past 5 years, PDO returned 2.59%/yr vs 4.48%/yr for BIZD. At a 0.34 correlation, their price movements are largely independent.
Performance
PDO vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, PDO achieves a -0.80% return, which is significantly higher than BIZD's -9.43% return.
PDO
- 1D
- 0.78%
- 1M
- 1.70%
- YTD
- -0.80%
- 6M
- -0.80%
- 1Y
- 8.78%
- 3Y*
- 12.12%
- 5Y*
- 2.59%
- 10Y*
- —
BIZD
- 1D
- 0.16%
- 1M
- -1.20%
- YTD
- -9.43%
- 6M
- -8.46%
- 1Y
- -13.47%
- 3Y*
- 4.52%
- 5Y*
- 4.48%
- 10Y*
- 7.66%
PDO vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PDO Pimco Dynamic Income Opportunities Fund | -0.80% | 13.96% | 24.55% | 8.06% | -23.40% | 5.98% |
BIZD VanEck BDC Income ETF | -9.43% | -4.96% | 15.63% | 27.02% | -8.51% | 29.91% |
Correlation
The correlation between PDO and BIZD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021 | 0.34 |
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Return for Risk
PDO vs. BIZD — Risk / Return Rank
PDO
BIZD
PDO vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pimco Dynamic Income Opportunities Fund (PDO) 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.
| PDO | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.89 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.61 | +1.40 |
| Martin ratioReturn relative to average drawdown | 2.71 | -1.02 | +3.73 |
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Drawdowns
PDO vs. BIZD - Drawdown Comparison
The maximum PDO drawdown since its inception was -36.83%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for PDO and BIZD.
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Drawdown Indicators
| PDO | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -55.44% | +18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -22.22% | +11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -22.56% | +6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.83% | -22.91% | -13.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.44% | — |
Current DrawdownCurrent decline from peak | -4.65% | -19.66% | +15.01% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -6.75% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 13.18% | -9.93% |
Volatility
PDO vs. BIZD - Volatility Comparison
The current volatility for Pimco Dynamic Income Opportunities Fund (PDO) is 4.03%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.51%. This indicates that PDO 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
| PDO | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.51% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 15.14% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 18.48% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 17.44% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 21.77% | -6.23% |
Dividends
PDO vs. BIZD - Dividend Comparison
PDO's dividend yield for the trailing twelve months is around 11.83%, less than BIZD's 13.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.94% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
PDO Pimco Dynamic Income Opportunities Fund | 11.83% | 11.09% | 11.29% | 12.54% | 19.09% | 8.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDO and BIZD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.51%) compared to PDO (4.03%). In terms of maximum drawdown, PDO dropped -36.83% vs BIZD's -55.44%.
PDO currently has the higher Sharpe Ratio (0.86 vs -0.73), 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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