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XMPT vs. BIZD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMPT vs. BIZD

Last updated Jun 4, 2026

XMPT (VanEck CEF Municipal Income ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - XMPT is a High Yield Muni fund tracking the S-Network Municipal Bond Closed-End Fund 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, XMPT returned 1.94%/yr vs 7.77%/yr for BIZD. At a 0.19 correlation, their price movements are largely independent. XMPT charges 1.97%/yr vs 0.42%/yr for BIZD.

Performance

XMPT vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck CEF Municipal Income ETF (XMPT) 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, XMPT achieves a 2.34% return, which is significantly higher than BIZD's -8.99% return. Over the past 10 years, XMPT has underperformed BIZD with an annualized return of 1.94%, while BIZD has yielded a comparatively higher 7.77% annualized return.

XMPT

1D
-0.37%
1M
1.78%
YTD
2.34%
6M
2.46%
1Y
11.93%
3Y*
7.25%
5Y*
-1.17%
10Y*
1.94%

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)

XMPT vs. BIZD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMPT
VanEck CEF Municipal Income ETF		2.34%8.01%7.01%2.55%-24.02%7.94%7.70%20.36%-5.85%8.28%
BIZD
VanEck BDC Income ETF		-8.99%-4.96%15.63%27.02%-8.51%36.25%-7.12%30.87%-6.88%0.36%

Correlation

The correlation between XMPT and BIZD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.21

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

0.27

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

0.22

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

0.19

The correlation between XMPT and BIZD shifts across timeframes, from 0.16 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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VanEck CEF Municipal Income ETF

VanEck BDC Income ETF

Often compared with XMPT:
XMPT vs. FMHIXMPT vs. FLMIXMPT vs. FCEFXMPT vs. LDSFXMPT vs. MUSTXMPT vs. SPYXMPT vs. VOO
Often compared with BIZD:
BIZD vs. PBDCBIZD vs. ARCCBIZD vs. CEFSBIZD vs. PSPBIZD vs. PEXBIZD vs. PFLTBIZD vs. SCHD

Return for Risk

XMPT vs. BIZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMPT
XMPT Risk / Return Rank: 4747
Overall Rank
XMPT Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XMPT Sortino Ratio Rank: 5050
Sortino Ratio Rank
XMPT Omega Ratio Rank: 5353
Omega Ratio Rank
XMPT Calmar Ratio Rank: 3737
Calmar Ratio Rank
XMPT Martin Ratio Rank: 4545
Martin Ratio Rank
BIZD
BIZD Risk / Return Rank: 33
Overall Rank
BIZD Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BIZD Sortino Ratio Rank: 33
Sortino Ratio Rank
BIZD Omega Ratio Rank: 33
Omega Ratio Rank
BIZD Calmar Ratio Rank: 44
Calmar Ratio Rank
BIZD Martin Ratio Rank: 44
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.

XMPT vs. BIZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) 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.

XMPTBIZDDifference

Sharpe ratio

Return per unit of total volatility

1.66

-0.72

+2.38

Sortino ratio

Return per unit of downside risk

2.46

-0.93

+3.39

Omega ratio

Gain probability vs. loss probability

1.33

0.90

+0.43

Calmar ratio

Return relative to maximum drawdown

1.82

-0.58

+2.41

Martin ratio

Return relative to average drawdown

7.45

-1.03

+8.47

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

XMPT vs. BIZD - Sharpe Ratio Comparison

The current XMPT Sharpe Ratio is 1.66, which is higher than the BIZD Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of XMPT 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

XMPTBIZDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

-0.72

+2.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.13

0.23

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

0.36

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.30

+0.12

Drawdowns

XMPT vs. BIZD - Drawdown Comparison

The maximum XMPT drawdown since its inception was -35.24%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for XMPT and BIZD.

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Drawdown Indicators

XMPTBIZDDifference

Max Drawdown

Largest peak-to-trough decline

-35.24%

-55.44%

+20.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-22.22%

+15.65%

Max Drawdown (3Y)

Largest decline over 3 years

-15.04%

-22.56%

+7.52%

Max Drawdown (5Y)

Largest decline over 5 years

-35.24%

-22.91%

-12.33%

Max Drawdown (10Y)

Largest decline over 10 years

-35.24%

-55.44%

+20.20%

Current Drawdown

Current decline from peak

-8.94%

-19.27%

+10.33%

Average Drawdown

Average peak-to-trough decline

-8.82%

-6.72%

-2.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

12.63%

-11.03%

Volatility

XMPT vs. BIZD - Volatility Comparison

The current volatility for VanEck CEF Municipal Income ETF (XMPT) is 2.69%, while VanEck BDC Income ETF (BIZD) has a volatility of 4.79%. This indicates that XMPT 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

XMPTBIZDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.69%

4.79%

-2.10%

Volatility (6M)

Calculated over the trailing 6-month period

6.03%

14.77%

-8.74%

Volatility (1Y)

Calculated over the trailing 1-year period

7.21%

18.11%

-10.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.35%

17.40%

-8.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.36%

21.74%

-11.38%

XMPT vs. BIZD - Expense Ratio Comparison

XMPT has a 1.97% expense ratio, which is higher than BIZD's 0.42% expense ratio.

Dividends

XMPT vs. BIZD - Dividend Comparison

XMPT's dividend yield for the trailing twelve months is around 6.34%, less than BIZD's 13.87% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XMPT
VanEck CEF Municipal Income ETF		6.34%5.87%5.35%3.81%5.12%3.74%3.79%4.08%5.05%4.84%5.35%5.24%

Frequently Asked Questions

XMPT and BIZD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BIZD has higher volatility (4.79%) compared to XMPT (2.69%). In terms of maximum drawdown, XMPT dropped -35.24% vs BIZD's -55.44%.

On 10-year performance, BIZD leads with 7.77% vs 1.94% for XMPT. On fees, BIZD is cheaper at 0.42% per year. On volatility, XMPT has been the lower-risk option at 2.69%. 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 7.77% return vs 1.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BIZD is cheaper with a 0.42% expense ratio, compared with 1.97% for XMPT.

BIZD has the higher dividend yield at 13.87%, compared with 6.34% for XMPT.

XMPT is categorized as High Yield Muni, while BIZD is Financials Equities. XMPT tracks S-Network Municipal Bond Closed-End Fund Index, while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 1.97% for XMPT and 0.42% for BIZD.

XMPT currently has the higher Sharpe Ratio (1.66 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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