WARP vs. BIZD

Last updated Jun 4, 2026

WARP (VanEck Space ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. At a correlation of -0.12, they often move in opposite directions. WARP charges 0.50%/yr vs 0.42%/yr for BIZD.

Performance

WARP vs. BIZD - Performance Comparison

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

Returns By Period

WARP

• 1D: -6.84%
• 1M: —
• YTD: —
• 6M: —
• 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)

WARP vs. BIZD - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	23.47%
BIZD VanEck BDC Income ETF	-4.68%

Correlation

The correlation between WARP and BIZD is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 8, 2026	-0.12

Return for Risk

WARP 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.

WARP vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) 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

	WARP	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	22.26	0.30	+21.96

Drawdowns

WARP vs. BIZD - Drawdown Comparison

The maximum WARP drawdown since its inception was -18.67%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for WARP and BIZD.

Drawdown Indicators

	WARP	BIZD	Difference
Max Drawdown Largest peak-to-trough decline	-18.67%	-55.44%	+36.77%
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	-18.67%	-19.27%	+0.60%
Average Drawdown Average peak-to-trough decline	-3.23%	-6.72%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.63%	—

Volatility

Volatility by Period

	WARP	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	83.83%	18.11%	+65.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.83%	17.40%	+66.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.83%	21.74%	+62.09%

WARP vs. BIZD - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is higher than BIZD's 0.42% expense ratio.

Dividends

WARP vs. BIZD - Dividend Comparison

WARP has not paid dividends to shareholders, while BIZD's dividend yield for the trailing twelve months is around 13.87%.

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%
WARP VanEck Space ETF	0.00%	0.00%	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 WARP and BIZD in my portfolio?

WARP and BIZD have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WARP or BIZD?

On fees, BIZD is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or BIZD?

BIZD is cheaper with a 0.42% expense ratio, compared with 0.50% for WARP.

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

BIZD has the higher dividend yield at 13.87%, compared with 0.00% for WARP.

What is the main difference between WARP and BIZD?

WARP is categorized as Industrials Equities, while BIZD is Financials Equities. WARP tracks MarketVector Space Index, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.50% for WARP and 0.42% for BIZD.