SVOL vs. BIZD
SVOL (Simplify Volatility Premium ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. SVOL is actively managed, while BIZD is passively managed. Over the past 5 years, SVOL returned 6.22%/yr vs 4.25%/yr for BIZD. At a 0.47 correlation, their price movements are largely independent. SVOL charges 0.50%/yr vs 12.86%/yr for BIZD.
Performance
SVOL vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, SVOL achieves a -0.84% return, which is significantly higher than BIZD's -6.86% return.
SVOL
- 1D
- 1.14%
- 1M
- 1.70%
- YTD
- -0.84%
- 6M
- 0.96%
- 1Y
- 14.90%
- 3Y*
- 5.92%
- 5Y*
- 6.22%
- 10Y*
- —
BIZD
- 1D
- 0.71%
- 1M
- 0.79%
- YTD
- -6.86%
- 6M
- -8.47%
- 1Y
- -11.02%
- 3Y*
- 5.47%
- 5Y*
- 4.25%
- 10Y*
- 8.13%
SVOL vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | -0.84% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
BIZD VanEck BDC Income ETF | -6.86% | -4.96% | 15.63% | 27.02% | -8.51% | 14.96% |
Correlation
The correlation between SVOL and BIZD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.47 |
The correlation between SVOL and BIZD shifts across timeframes, from 0.38 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SVOL vs. BIZD — Risk / Return Rank
SVOL
BIZD
SVOL vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) 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.
| SVOL | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.91 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.53 | +1.33 |
| Martin ratioReturn relative to average drawdown | 1.90 | -0.91 | +2.81 |
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Drawdowns
SVOL vs. BIZD - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for SVOL and BIZD.
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Drawdown Indicators
| SVOL | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -55.44% | +21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -22.22% | +9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -22.56% | -10.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -22.91% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.44% | — |
Current DrawdownCurrent decline from peak | -3.40% | -17.39% | +13.99% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -6.74% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 12.97% | -7.47% |
Volatility
SVOL vs. BIZD - Volatility Comparison
The current volatility for Simplify Volatility Premium ETF (SVOL) is 3.48%, while VanEck BDC Income ETF (BIZD) has a volatility of 4.92%. This indicates that SVOL 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
| SVOL | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.92% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 14.97% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 18.32% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 17.44% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 21.75% | +0.15% |
SVOL vs. BIZD - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
SVOL vs. BIZD - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.19%, more than BIZD's 13.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.56% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
SVOL Simplify Volatility Premium ETF | 22.19% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVOL and BIZD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (4.92%) compared to SVOL (3.48%). In terms of maximum drawdown, SVOL dropped -33.50% vs BIZD's -55.44%.
On 5-year performance, SVOL leads with 6.22% vs 4.25% for BIZD. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVOL has performed better with a 6.22% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVOL is cheaper with a 0.50% expense ratio, compared with 12.86% for BIZD.
SVOL has the higher dividend yield at 22.19%, compared with 13.56% for BIZD.
SVOL is categorized as Volatility, while BIZD is Financials Equities. They also come from different issuers: Simplify and VanEck. Their fees differ too: 0.50% for SVOL and 12.86% for BIZD.
SVOL currently has the higher Sharpe Ratio (0.50 vs -0.64), 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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