RIET vs. BIZD
Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and VanEck Vectors BDC Income ETF (BIZD).
RIET and BIZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. 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 RIET 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: RIET or BIZD.
Key characteristics
| RIET | BIZD | |
|---|---|---|
| YTD Return | 8.08% | 10.64% |
| 1Y Return | 29.26% | 17.45% |
| 3Y Return (Ann) | -2.91% | 8.74% |
| Sharpe Ratio | 1.47 | 1.66 |
| Sortino Ratio | 2.13 | 2.24 |
| Omega Ratio | 1.27 | 1.30 |
| Calmar Ratio | 0.89 | 2.07 |
| Martin Ratio | 5.08 | 7.73 |
| Ulcer Index | 5.33% | 2.35% |
| Daily Std Dev | 18.45% | 10.92% |
| Max Drawdown | -34.61% | -55.47% |
| Current Drawdown | -10.11% | -1.75% |
Correlation
The correlation between RIET and BIZD is 0.68, 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
RIET vs. BIZD - Performance Comparison
In the year-to-date period, RIET achieves a 8.08% return, which is significantly lower than BIZD's 10.64% 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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RIET vs. BIZD - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
RIET vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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
RIET vs. BIZD - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 9.42%, less than BIZD's 11.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 9.42% | 9.38% | 9.38% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 11.29% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
RIET vs. BIZD - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.61%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for RIET and BIZD. For additional features, visit the drawdowns tool.
Volatility
RIET vs. BIZD - Volatility Comparison
Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 4.52% compared to VanEck Vectors BDC Income ETF (BIZD) at 3.54%. This indicates that RIET'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.