TRUD vs. BIZD

Last updated Jun 4, 2026

TRUD (VanEck Consumer Discretionary TruSector ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - TRUD is a Consumer Discretionary Equities fund actively managed by VanEck, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. TRUD is actively managed, while BIZD is passively managed. At a 0.41 correlation, their price movements are largely independent. TRUD charges 0.16%/yr vs 0.42%/yr for BIZD.

Performance

TRUD vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Consumer Discretionary TruSector ETF (TRUD) and VanEck BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRUD achieves a -0.40% return, which is significantly higher than BIZD's -8.99% return.

TRUD

• 1D: -1.06%
• 1M: -2.09%
• YTD: -0.40%
• 6M: -0.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIZD

• 1D: -2.28%
• 1M: -6.62%
• YTD: -8.99%
• 6M: -10.20%
• 1Y: -12.94%
• 3Y*: 5.27%
• 5Y*: 4.03%
• 10Y*: 7.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRUD vs. BIZD - Yearly Performance Comparison

	2026 (YTD)	2025
TRUD VanEck Consumer Discretionary TruSector ETF	-0.40%	6.73%
BIZD VanEck BDC Income ETF	-8.99%	-5.45%

Correlation

The correlation between TRUD and BIZD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.41

TRUD vs. BIZD - Sectors Allocation Comparison

Sectors	TRUD	BIZD
Financial Services	51.3%	100.0%
Consumer Cyclical	48.4%	-
Communication Services	0.3%	-
Technology	0.2%	-
Industrials	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TRUD vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIZD

BIZD Risk / Return Rank: 3
BIZD Sharpe Ratio Rank: 3
BIZD Sortino Ratio Rank: 3
BIZD Omega Ratio Rank: 3
BIZD Calmar Ratio Rank: 4
BIZD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRUD vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Consumer Discretionary TruSector ETF (TRUD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TRUD	BIZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.30	+0.09

Drawdowns

TRUD vs. BIZD - Drawdown Comparison

The maximum TRUD drawdown since its inception was -15.96%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for TRUD and BIZD.

Drawdown Indicators

	TRUD	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-55.44%	+39.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.44%	—
Current Drawdown Current decline from peak	-5.31%	-19.27%	+13.96%
Average Drawdown Average peak-to-trough decline	-4.32%	-6.72%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.63%	—

Volatility

Volatility by Period

	TRUD	BIZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	18.11%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.62%	17.40%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	21.74%	-1.12%

TRUD vs. BIZD - Expense Ratio Comparison

TRUD has a 0.16% expense ratio, which is lower than BIZD's 0.42% expense ratio.

Dividends

TRUD vs. BIZD - Dividend Comparison

TRUD's dividend yield for the trailing twelve months is around 0.34%, less than BIZD's 13.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIZD VanEck BDC Income ETF	13.87%	11.78%	10.94%	10.96%	11.21%	8.14%	10.39%	9.13%	10.88%	9.13%	8.51%	9.12%
TRUD VanEck Consumer Discretionary TruSector ETF	0.34%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRUD and BIZD in my portfolio?

TRUD and BIZD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRUD or BIZD?

On fees, TRUD is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRUD or BIZD?

TRUD is cheaper with a 0.16% expense ratio, compared with 0.42% for BIZD.

Which ETF pays a higher dividend yield, TRUD or BIZD?

BIZD has the higher dividend yield at 13.87%, compared with 0.34% for TRUD.

What is the main difference between TRUD and BIZD?

TRUD is categorized as Consumer Discretionary Equities, while BIZD is Financials Equities. Their fees differ too: 0.16% for TRUD and 0.42% for BIZD.