XMPT vs. BIZD
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 1.69%/yr vs 7.22%/yr for BIZD. Their 0.19 correlation means their historical movements had little consistent relationship. XMPT charges 1.97%/yr vs 12.86%/yr for BIZD.
Performance
XMPT vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, XMPT achieves a 1.83% return, which is significantly higher than BIZD's -7.38% return. Over the past 10 years, XMPT has underperformed BIZD with an annualized return of 1.69%, while BIZD has yielded a comparatively higher 7.22% annualized return.
XMPT
- 1D
- -0.41%
- 1M
- -3.10%
- 6M
- 0.54%
- YTD
- 1.83%
- 1Y
- 9.87%
- 3Y*
- 6.07%
- 5Y*
- -1.85%
- 10Y*
- 1.69%
- ALL TIME*
- 4.07%
BIZD
- 1D
- -0.16%
- 1M
- -0.88%
- 6M
- -6.19%
- YTD
- -7.38%
- 1Y
- -13.09%
- 3Y*
- 3.10%
- 5Y*
- 4.58%
- 10Y*
- 7.22%
- ALL TIME*
- 6.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.52M | $40.73M | $41.70M | |
| $1.09M | $988.01K | $943.00K |
XMPT vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 1.83% | 8.01% | 7.01% | 2.55% | -24.02% | 7.94% | 7.70% | 20.36% | -5.85% | 8.28% |
BIZD VanEck BDC Income ETF | -7.38% | -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 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.19 |
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Return for Risk
XMPT vs. BIZD — Risk / Return Rank
XMPT
BIZD
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.
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.
| XMPT | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.89 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.75 | +2.43 |
| Martin ratioReturn relative to average drawdown | 6.70 | -1.27 | +7.97 |
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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
| XMPT | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -55.44% | +20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -18.99% | +12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | -22.56% | +9.66% |
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 DrawdownCurrent decline from peak | -9.39% | -17.85% | +8.46% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -6.85% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 11.35% | -9.71% |
Volatility
XMPT vs. BIZD - Volatility Comparison
The current volatility for VanEck CEF Municipal Income ETF (XMPT) is 1.66%, while VanEck BDC Income ETF (BIZD) has a volatility of 4.68%. 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
| XMPT | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 4.68% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 15.09% | -8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 18.80% | -11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 17.51% | -8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.32% | 21.81% | -11.49% |
XMPT vs. BIZD - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
XMPT vs. BIZD - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 6.41%, less than BIZD's 12.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 12.29% | 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 | 5.92% | 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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIZD has higher volatility (4.68%) compared to XMPT (1.66%). In terms of maximum drawdown, XMPT dropped -35.24% vs BIZD's -55.44%.
On 10-year performance, BIZD leads with 7.22% vs 1.69% for XMPT. On fees, XMPT is cheaper at 1.97% per year. On volatility, XMPT has been the lower-risk option at 1.66%. 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 7.22% return vs 1.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMPT is cheaper with a 1.97% expense ratio, compared with 12.86% for BIZD.
BIZD has the higher dividend yield at 12.29%, compared with 5.92% 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 12.86% for BIZD.
XMPT currently has the higher Sharpe Ratio (1.49 vs -0.76), 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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