PFLT vs. BIZD
Compare and contrast key facts about PennantPark Floating Rate Capital Ltd. (PFLT) and VanEck Vectors BDC Income ETF (BIZD).
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: PFLT or BIZD.
Key characteristics
| PFLT | BIZD | |
|---|---|---|
| YTD Return | 1.66% | 11.04% |
| 1Y Return | 26.51% | 23.69% |
| 3Y Return (Ann) | 4.38% | 8.91% |
| 5Y Return (Ann) | 10.78% | 11.34% |
| 10Y Return (Ann) | 7.79% | 8.53% |
| Sharpe Ratio | 2.00 | 2.27 |
| Sortino Ratio | 2.62 | 3.03 |
| Omega Ratio | 1.37 | 1.41 |
| Calmar Ratio | 1.58 | 2.85 |
| Martin Ratio | 5.21 | 10.85 |
| Ulcer Index | 5.56% | 2.30% |
| Daily Std Dev | 14.48% | 11.01% |
| Max Drawdown | -69.77% | -55.47% |
| Current Drawdown | -5.38% | -1.38% |
Correlation
The correlation between PFLT and BIZD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFLT vs. BIZD - Performance Comparison
In the year-to-date period, PFLT achieves a 1.66% return, which is significantly lower than BIZD's 11.04% return. Over the past 10 years, PFLT has underperformed BIZD with an annualized return of 7.79%, while BIZD has yielded a comparatively higher 8.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PFLT vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) 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
PFLT vs. BIZD - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 10.93%, less than BIZD's 11.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 10.93% | 9.98% | 10.38% | 8.93% | 10.83% | 9.36% | 9.85% | 8.31% | 8.08% | 10.04% | 7.87% | 7.63% |
BIZD VanEck Vectors BDC Income ETF | 11.25% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
PFLT vs. BIZD - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, which is greater than BIZD's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for PFLT and BIZD. For additional features, visit the drawdowns tool.
Volatility
PFLT vs. BIZD - Volatility Comparison
PennantPark Floating Rate Capital Ltd. (PFLT) has a higher volatility of 5.35% compared to VanEck Vectors BDC Income ETF (BIZD) at 2.54%. This indicates that PFLT's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.