RAAX vs. BIZD
RAAX (VanEck Inflation Allocation ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - RAAX is a Diversified Portfolio fund actively managed by VanEck, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. RAAX is actively managed, while BIZD is passively managed. Over the past 5 years, RAAX returned 13.05%/yr vs 5.46%/yr for BIZD. Their 0.40 correlation means their historical movements had little consistent relationship. RAAX charges 0.89%/yr vs 12.86%/yr for BIZD.
Performance
RAAX vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, RAAX achieves a 13.54% return, which is significantly higher than BIZD's -3.20% return.
RAAX
- 1D
- 0.58%
- 1M
- 0.74%
- 6M
- 1.82%
- YTD
- 13.54%
- 1Y
- 27.13%
- 3Y*
- 18.21%
- 5Y*
- 13.05%
- 10Y*
- —
- ALL TIME*
- 8.86%
BIZD
- 1D
- 1.73%
- 1M
- 3.60%
- 6M
- 2.05%
- YTD
- -3.20%
- 1Y
- -9.00%
- 3Y*
- 4.50%
- 5Y*
- 5.46%
- 10Y*
- 7.57%
- ALL TIME*
- 6.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.98M | $40.70M | $41.29M | |
| $11.21M | $11.22M | $11.14M |
RAAX vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 13.54% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
BIZD VanEck BDC Income ETF | -3.20% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -5.84% |
Correlation
The correlation between RAAX and BIZD is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.40 |
Over the past year, the correlation between RAAX and BIZD has dropped to 0.08 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
RAAX vs. BIZD — Risk / Return Rank
RAAX
BIZD
RAAX vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) 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.
| RAAX | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.94 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | -0.48 | +3.48 |
| Martin ratioReturn relative to average drawdown | 8.26 | -0.80 | +9.06 |
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Drawdowns
RAAX vs. BIZD - Drawdown Comparison
The maximum RAAX drawdown since its inception was -33.91%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for RAAX and BIZD.
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Drawdown Indicators
| RAAX | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -55.44% | +21.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -18.99% | +9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -22.56% | +10.97% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -22.91% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.44% | — |
Current DrawdownCurrent decline from peak | -7.12% | -14.14% | +7.02% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -6.85% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 11.24% | -7.95% |
Volatility
RAAX vs. BIZD - Volatility Comparison
The current volatility for VanEck Inflation Allocation ETF (RAAX) is 4.16%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.62%. This indicates that RAAX 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
| RAAX | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 5.62% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 15.32% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 19.05% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 17.57% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 21.83% | -6.04% |
RAAX vs. BIZD - Expense Ratio Comparison
RAAX has a 0.89% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
RAAX vs. BIZD - Dividend Comparison
RAAX's dividend yield for the trailing twelve months is around 2.06%, less than BIZD's 11.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 11.76% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
RAAX VanEck Inflation Allocation ETF | 2.06% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RAAX and BIZD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (5.62%) compared to RAAX (4.16%). In terms of maximum drawdown, RAAX dropped -33.91% vs BIZD's -55.44%.
On 5-year performance, RAAX leads with 13.05% vs 5.46% for BIZD. On fees, RAAX is cheaper at 0.89% per year. On volatility, RAAX has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RAAX has performed better with a 13.05% return vs 5.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAAX is cheaper with a 0.89% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 11.76%, compared with 2.06% for RAAX.
RAAX is categorized as Diversified Portfolio, while BIZD is Financials Equities. Their fees differ too: 0.89% for RAAX and 12.86% for BIZD.
RAAX currently has the higher Sharpe Ratio (1.82 vs -0.47), 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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