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VCIT vs. BIZD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VCIT vs. BIZD

Last updated Jun 9, 2026

VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past 10 years, VCIT returned 2.85%/yr vs 7.80%/yr for BIZD. At a 0.10 correlation, their price movements are largely independent. VCIT charges 0.03%/yr vs 12.86%/yr for BIZD.

Performance

VCIT vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and VanEck BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VCIT achieves a -0.26% return, which is significantly higher than BIZD's -8.77% return. Over the past 10 years, VCIT has underperformed BIZD with an annualized return of 2.85%, while BIZD has yielded a comparatively higher 7.80% annualized return.

VCIT

1D
-0.01%
1M
-0.79%
YTD
-0.26%
6M
0.06%
1Y
5.98%
3Y*
6.04%
5Y*
1.04%
10Y*
2.85%

BIZD

1D
-0.32%
1M
-3.49%
YTD
-8.77%
6M
-11.00%
1Y
-13.11%
3Y*
4.91%
5Y*
3.86%
10Y*
7.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VCIT vs. BIZD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VCIT
Vanguard Intermediate-Term Corporate Bond ETF		-0.26%9.34%3.20%8.98%-13.98%-1.77%9.46%14.10%-1.74%5.31%
BIZD
VanEck BDC Income ETF		-8.77%-4.96%15.63%27.02%-8.51%36.25%-7.12%30.87%-6.88%0.36%

Correlation

The correlation between VCIT and BIZD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2013

0.10

The correlation between VCIT and BIZD shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Intermediate-Term Corporate Bond ETF

VanEck BDC Income ETF

Often compared with VCIT:
VCIT vs. BNDVCIT vs. LQDVCIT vs. IGIBVCIT vs. VTCVCIT vs. VCLTVCIT vs. SPIBVCIT vs. VTEB
Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. SCHD

Return for Risk

VCIT vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCIT
VCIT Risk / Return Rank: 4646
Overall Rank
VCIT Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VCIT Sortino Ratio Rank: 4949
Sortino Ratio Rank
VCIT Omega Ratio Rank: 4646
Omega Ratio Rank
VCIT Calmar Ratio Rank: 4545
Calmar Ratio Rank
VCIT Martin Ratio Rank: 4444
Martin Ratio Rank
BIZD
BIZD Risk / Return Rank: 44
Overall Rank
BIZD Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 44
Sortino Ratio Rank
BIZD Omega Ratio Rank: 44
Omega Ratio Rank
BIZD Calmar Ratio Rank: 44
Calmar Ratio Rank
BIZD Martin Ratio Rank: 55
Martin Ratio Rank
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.

VCIT vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) 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.

VCITBIZDDifference
Sharpe ratioReturn per unit of total volatility
1.48
-0.72

+2.20

Sortino ratioReturn per unit of downside risk
2.17
-0.94

+3.11

Omega ratioGain probability vs. loss probability

1.26

0.90

+0.37

Calmar ratioReturn relative to maximum drawdown

2.03

-0.59

+2.62

Martin ratioReturn relative to average drawdown

6.67

-1.03

+7.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCIT vs. BIZD - Sharpe Ratio Comparison

The current VCIT Sharpe Ratio is 1.48, which is higher than the BIZD Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of VCIT and BIZD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VCITBIZDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

-0.72

+2.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.22

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.36

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.30

+0.45

Drawdowns

VCIT vs. BIZD - Drawdown Comparison

The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for VCIT and BIZD.

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Drawdown Indicators

VCITBIZDDifference

Max Drawdown

Largest peak-to-trough decline

-20.56%

-55.44%

+34.88%

Max Drawdown (1Y)

Largest decline over 1 year

-2.96%

-22.22%

+19.26%

Max Drawdown (3Y)

Largest decline over 3 years

-6.11%

-22.56%

+16.45%

Max Drawdown (5Y)

Largest decline over 5 years

-20.56%

-22.91%

+2.35%

Max Drawdown (10Y)

Largest decline over 10 years

-20.56%

-55.44%

+34.88%

Current Drawdown

Current decline from peak

-1.79%

-19.08%

+17.29%

Average Drawdown

Average peak-to-trough decline

-3.16%

-6.73%

+3.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

12.79%

-11.89%

Volatility

VCIT vs. BIZD - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) is 1.39%, while VanEck BDC Income ETF (BIZD) has a volatility of 5.32%. This indicates that VCIT 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

VCITBIZDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.39%

5.32%

-3.93%

Volatility (6M)

Calculated over the trailing 6-month period

3.10%

14.92%

-11.82%

Volatility (1Y)

Calculated over the trailing 1-year period

4.07%

18.31%

-14.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.61%

17.44%

-10.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.28%

21.76%

-15.48%

VCIT vs. BIZD - Expense Ratio Comparison

VCIT has a 0.03% expense ratio, which is lower than BIZD's 12.86% expense ratio.

Dividends

VCIT vs. BIZD - Dividend Comparison

VCIT's dividend yield for the trailing twelve months is around 4.82%, less than BIZD's 13.84% yield.

PositionTTM20252024202320222021202020192018201720162015
BIZD
VanEck BDC Income ETF		13.84%11.78%10.94%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%
VCIT
Vanguard Intermediate-Term Corporate Bond ETF		4.82%4.62%4.43%3.72%3.03%2.87%2.78%3.37%3.61%3.21%3.29%3.34%

Frequently Asked Questions

VCIT and BIZD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BIZD has higher volatility (5.32%) compared to VCIT (1.39%). In terms of maximum drawdown, VCIT dropped -20.56% vs BIZD's -55.44%.

On 10-year performance, BIZD leads with 7.80% vs 2.85% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, VCIT has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, BIZD has performed better with a 7.80% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VCIT is cheaper with a 0.03% expense ratio, compared with 12.86% for BIZD.

BIZD has the higher dividend yield at 13.84%, compared with 4.82% for VCIT.

VCIT is categorized as Corporate Bonds, while BIZD is Financials Equities. VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index, while BIZD tracks MVIS US Business Development Companies Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.03% for VCIT and 12.86% for BIZD.

VCIT currently has the higher Sharpe Ratio (1.48 vs -0.72), 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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