BIZD vs SPY
Comparison between VANECK BDC INCOME ETF (BIZD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BIZD, delivering a return of +13.0% compared to +3.8%
BIZD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BIZD
$1.60B
Winner
SPY
$784B
Expense Ratio
BIZD
9.69%
Winner
SPY
0.09%
Max Drawdown
BIZD
64.58%
Winner
SPY
56.47%
Sharpe Ratio
BIZD
-0.90
Winner
SPY
1.54
5Y Beta
Winner
BIZD
0.66
SPY
1.00
P/E Ratio
Winner
BIZD
15.92
SPY
27.62
Forward P/E
Winner
BIZD
9.10
SPY
21.11
5Y Dividends CAGR
BIZD
3.68%
Winner
SPY
6.00%
5Y EPS CAGR
BIZD
N/A
SPY
25.30%
Debt to Equity
BIZD
N/A
SPY
31.11%
P/S Ratio
BIZD
3.71
Winner
SPY
3.49
P/B Ratio
Winner
BIZD
0.85
SPY
5.30
BIZD vs SPY - Holdings Comparison
BIZD and SPY have 1 common holdings. Overlap is -36.51%
BIZD's top 25 holdings weight is 97.06%. SPY's top 25 holdings weight is 51.24%.
| Rank | BIZD | SPY |
|---|---|---|
| #1 | SLK5W2NE TRS USD R E MVBDCTRG (n/a) - 35.83% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | ARES CAPITAL CORP (ARCC) - 14.48% | APPLE INC (AAPL) - 6.81% |
| #3 | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 8.00% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | MAIN STREET CAPITAL CORP (MAIN) - 6.95% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | GOLUB CAPITAL BDC INC (GBDC) - 3.09% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | HERCULES CAPITAL INC (HTGC) - 3.01% | BROADCOM INC (AVGO) - 2.77% |
| #7 | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 2.97% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | FS KKR CAPITAL CORP (FSK) - 2.96% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 2.69% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 1.75% | TESLA INC (TSLA) - 1.76% |
| #11 | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 1.56% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | CAPITAL SOUTHWEST CORP (CSWC) - 1.54% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | US DOLLAR (n/a) - 1.52% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | MORGAN STANLEY DIRECT LENDING (MSDL) - 1.26% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | OAKTREE SPECIALTY LENDING CORP BDC (OCSL) - 1.14% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | GOLDMAN SACHS BDC INC (GSBD) - 1.09% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.02% | VISA INC CLASS A (V) - 0.87% |
| #18 | PROSPECT CAPITAL CORP (PSEC) - 0.87% | INTEL CORP (INTC) - 0.85% |
| #19 | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 0.84% | WALMART INC (WMT) - 0.82% |
| #20 | BARINGS BDC INC (BBDC) - 0.84% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | CARLYLE SECURED LENDING INC (CGBD) - 0.81% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | FIDUS INVESTMENT CORP (FDUS) - 0.77% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | NEW MOUNTAIN FINANCE CORP (NMFC) - 0.74% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 0.67% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | GLADSTONE INVESTMENT CORP (GAIN) - 0.66% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 37 | 505 |
BIZD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BIZD
-1.37%
SPY
-1.41%
3M
BIZD
+0.05%
Winner
SPY
+12.54%
6M
BIZD
-9.19%
Winner
SPY
+6.77%
1Y
BIZD
-14.01%
Winner
SPY
+22.18%
5Y(CAGR)
BIZD
+3.77%
Winner
SPY
+13.04%
10Y(CAGR)
BIZD
+7.51%
Winner
SPY
+15.54%
Max(CAGR)
BIZD
+5.91%
Winner
SPY
+8.44%
BIZD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BIZD | SPY |
|---|---|---|
| 2026 | -10.97% | +7.90% |
| 2025 | -5.80% | +18.00% |
| 2024 | +15.41% | +25.59% |
| 2023 | +25.81% | +26.72% |
| 2022 | -9.15% | -18.64% |
| 2021 | +37.46% | +30.52% |
| 2020 | -6.95% | +17.28% |
| 2019 | +27.07% | +31.09% |
| 2018 | -7.57% | -5.24% |
| 2017 | -0.45% | +20.78% |
| 2016 | +23.91% | +13.59% |
| 2015 | -5.28% | +1.31% |
| 2014 | -6.58% | +14.56% |
| 2013 | +9.98% | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BIZD vs SPY Drawdown Comparison
The maximum drawdown for BIZD was -55.44%, occurring on Mar 23, 2020. Recovery took 249 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BIZD drawdown is -20.58%. The current SPY drawdown is -3.22%.
| Rank | BIZD | SPY |
|---|---|---|
| #1 | -55.44% Feb 20, 2020 - Feb 16, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.29% Feb 24, 2014 - Aug 12, 2016 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -22.97% Apr 20, 2022 - Jul 18, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.56% Feb 19, 2025 - Mar 27, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -16.73% Aug 30, 2018 - Feb 22, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -12.47% May 2, 2017 - Aug 3, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.77% Jul 11, 2024 - Oct 18, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.38% Mar 14, 2013 - Apr 30, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.27% Apr 30, 2013 - Jul 18, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.27% Aug 30, 2016 - Nov 25, 2016 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.22% Sep 28, 2023 - Nov 14, 2023 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.19% Apr 29, 2021 - May 27, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.92% Jan 12, 2022 - Feb 8, 2022 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.45% Jul 23, 2013 - Sep 18, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.36% Nov 8, 2021 - Jan 4, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BIZD and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
BIZD vs SPY dividend yield comparison.
| Year | BIZD | SPY |
|---|---|---|
| 2026 | 3.95% | 0.50% |
| 2025 | 11.78% | 1.07% |
| 2024 | 10.94% | 1.21% |
| 2023 | 10.96% | 1.40% |
| 2022 | 11.21% | 1.65% |
| 2021 | 8.14% | 1.20% |
| 2020 | 10.39% | 1.52% |
| 2019 | 9.13% | 1.75% |
| 2018 | 10.88% | 2.04% |
| 2017 | 9.13% | 1.80% |
| 2016 | 8.51% | 2.03% |
| 2015 | 9.12% | 2.06% |
| 2014 | 8.51% | 1.87% |
| 2013 | 5.45% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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