PSP vs. BIZD
Compare and contrast key facts about Invesco Global Listed Private Equity ETF (PSP) and VanEck Vectors BDC Income ETF (BIZD).
PSP and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006. 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. Both PSP and BIZD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSP or BIZD.
Performance
PSP vs. BIZD - Performance Comparison
Returns By Period
In the year-to-date period, PSP achieves a 19.07% return, which is significantly higher than BIZD's 11.32% return. Both investments have delivered pretty close results over the past 10 years, with PSP having a 8.82% annualized return and BIZD not far behind at 8.57%.
PSP
19.07%
-0.76%
11.03%
37.15%
9.44%
8.82%
BIZD
11.32%
-0.61%
1.59%
16.59%
11.10%
8.57%
Key characteristics
| PSP | BIZD | |
|---|---|---|
| Sharpe Ratio | 2.20 | 1.55 |
| Sortino Ratio | 2.87 | 2.10 |
| Omega Ratio | 1.37 | 1.28 |
| Calmar Ratio | 1.40 | 1.93 |
| Martin Ratio | 14.54 | 7.15 |
| Ulcer Index | 2.70% | 2.36% |
| Daily Std Dev | 17.87% | 10.91% |
| Max Drawdown | -85.40% | -55.47% |
| Current Drawdown | -2.75% | -1.14% |
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PSP vs. BIZD - Expense Ratio Comparison
PSP has a 1.44% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Correlation
The correlation between PSP and BIZD is 0.66, 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.
Risk-Adjusted Performance
PSP vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) 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
PSP vs. BIZD - Dividend Comparison
PSP's dividend yield for the trailing twelve months is around 7.71%, less than BIZD's 11.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | 7.71% | 3.96% | 2.87% | 10.33% | 4.66% | 5.86% | 6.80% | 10.18% | 4.11% | 6.23% | 4.94% | 13.48% |
BIZD VanEck Vectors BDC Income ETF | 11.22% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
PSP vs. BIZD - Drawdown Comparison
The maximum PSP drawdown since its inception was -85.40%, which is greater than BIZD's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for PSP and BIZD. For additional features, visit the drawdowns tool.
Volatility
PSP vs. BIZD - Volatility Comparison
Invesco Global Listed Private Equity ETF (PSP) has a higher volatility of 5.84% compared to VanEck Vectors BDC Income ETF (BIZD) at 3.52%. This indicates that PSP'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.