PBDC vs BIZD
Comparison between Putnam BDC Income ETF (PBDC, ETF) and VANECK BDC INCOME ETF (BIZD, ETF).
Both PBDC and BIZD are from the Financial Services sector.
PBDC vs BIZD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PBDC
$281M
Winner
BIZD
$1.60B
Expense Ratio
PBDC
13.49%
Winner
BIZD
9.69%
Max Drawdown
Winner
PBDC
28.92%
BIZD
64.58%
Sharpe Ratio
Winner
PBDC
-0.96
BIZD
-1.03
5Y Beta
PBDC
0.68
Winner
BIZD
0.66
P/E Ratio
Winner
PBDC
12.53
BIZD
16.39
Forward P/E
Winner
PBDC
9.08
BIZD
9.49
PEG Ratio
PBDC
0.61
BIZD
N/A
5Y Dividends CAGR
PBDC
N/A
BIZD
2.21%
P/S Ratio
PBDC
3.96
Winner
BIZD
3.80
P/B Ratio
PBDC
0.87
Winner
BIZD
0.86
PBDC vs BIZD - Holdings Comparison
PBDC and BIZD have 21 common holdings. Overlap is 17.29%
PBDC's top 25 holdings weight is 100.01%. BIZD's top 25 holdings weight is 97.31%.
| Rank | PBDC | BIZD |
|---|---|---|
| #1 | ARES CAPITAL CORP (ARCC) - 10.34% | SLK5W2NE TRS USD R E MVBDCTRG (n/a) - 35.29% |
| #2 | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 10.34% | ARES CAPITAL CORP (ARCC) - 14.59% |
| #3 | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 10.13% | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 5.99% |
| #4 | HERCULES CAPITAL INC (HTGC) - 7.91% | MAIN STREET CAPITAL CORP (MAIN) - 5.42% |
| #5 | GOLUB CAPITAL BDC INC (GBDC) - 7.47% | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 5.34% |
| #6 | MAIN STREET CAPITAL CORP (MAIN) - 6.46% | HERCULES CAPITAL INC (HTGC) - 3.13% |
| #7 | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 4.73% | GOLUB CAPITAL BDC INC (GBDC) - 2.98% |
| #8 | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 4.30% | FS KKR CAPITAL CORP (FSK) - 2.97% |
| #9 | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 4.21% | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 2.81% |
| #10 | BARINGS BDC INC (BBDC) - 4.15% | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 2.03% |
| #11 | KAYNE ANDERSON BDC INC (KBDC) - 3.85% | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 1.98% |
| #12 | CAPITAL SOUTHWEST CORP (CSWC) - 3.22% | CAPITAL SOUTHWEST CORP (CSWC) - 1.85% |
| #13 | MSC INCOME FUND INC ORDINARY SHARES (MSIF) - 3.21% | MORGAN STANLEY DIRECT LENDING (MSDL) - 1.56% |
| #14 | FS KKR CAPITAL CORP (FSK) - 2.97% | OAKTREE SPECIALTY LENDING CORP BDC (OCSL) - 1.34% |
| #15 | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 2.93% | GOLDMAN SACHS BDC INC (GSBD) - 1.18% |
| #16 | MORGAN STANLEY DIRECT LENDING (MSDL) - 2.53% | PROSPECT CAPITAL CORP (PSEC) - 1.05% |
| #17 | SLR INVESTMENT CORP (SLRC) - 2.45% | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.00% |
| #18 | PUTNAM GOVERNMENT MONEY MARKET P (PGLXX) - 1.84% | BARINGS BDC INC (BBDC) - 0.97% |
| #19 | FIDUS INVESTMENT CORP (FDUS) - 1.62% | FIDUS INVESTMENT CORP (FDUS) - 0.97% |
| #20 | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.55% | CARLYLE SECURED LENDING INC (CGBD) - 0.90% |
| #21 | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 1.49% | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 0.89% |
| #22 | NEOSTELLAR CAPITAL CORP (NSLR) - 1.22% | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 0.85% |
| #23 | RUNWAY GROWTH FINANCE CORP ORDINARY SHARES (RWAY) - 1.09% | GLADSTONE INVESTMENT CORP (GAIN) - 0.82% |
| #24 | CASH (n/a) - 0.00% | NEW MOUNTAIN FINANCE CORP (NMFC) - 0.72% |
| #25 | N/A | SLR INVESTMENT CORP (SLRC) - 0.68% |
| Total Holdings | 24 | 37 |
PBDC vs BIZD - Historical Returns
Returns include dividend reinvestment.
1M
PBDC
+4.11%
Winner
BIZD
+4.99%
3M
PBDC
-1.57%
Winner
BIZD
-0.39%
6M
PBDC
-9.37%
Winner
BIZD
-8.00%
1Y
Winner
PBDC
-13.65%
BIZD
-14.62%
5Y(CAGR)
PBDC
N/A
BIZD
+4.84%
10Y(CAGR)
PBDC
N/A
BIZD
+7.48%
Max(CAGR)
Winner
PBDC
+12.47%
BIZD
+6.27%
PBDC vs BIZD - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | PBDC | BIZD |
|---|---|---|
| 2026 | -8.51% | -6.45% |
| 2025 | -2.34% | -5.80% |
| 2024 | +19.15% | +15.41% |
| 2023 | +28.69% | +25.81% |
| 2022 | +10.87% | -9.15% |
| 2021 | N/A | +37.46% |
| 2020 | N/A | -6.95% |
| 2019 | N/A | +27.07% |
| 2018 | N/A | -7.57% |
| 2017 | N/A | -0.45% |
| 2016 | N/A | +23.91% |
| 2015 | N/A | -5.28% |
| 2014 | N/A | -6.58% |
| 2013 | N/A | +9.98% |
PBDC vs BIZD Drawdown Comparison
The maximum drawdown for PBDC was -20.29%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The maximum drawdown for BIZD was -55.44%, occurring on Mar 23, 2020. Recovery took 249 trading sessions.
The current PBDC drawdown is -15.45%. The current BIZD drawdown is -16.55%.
| Rank | PBDC | BIZD |
|---|---|---|
| #1 | -20.29% Feb 19, 2025 - Mar 12, 2026 | -55.44% Feb 20, 2020 - Feb 16, 2021 |
| #2 | -10.57% Mar 6, 2023 - Jun 7, 2023 | -25.29% Feb 24, 2014 - Aug 12, 2016 |
| #3 | -8.47% Jul 8, 2024 - Oct 18, 2024 | -22.97% Apr 20, 2022 - Jul 18, 2023 |
| #4 | -6.44% Nov 25, 2022 - Jan 11, 2023 | -22.56% Feb 19, 2025 - Mar 27, 2026 |
| #5 | -6.05% Sep 28, 2023 - Nov 14, 2023 | -16.73% Aug 30, 2018 - Feb 22, 2019 |
| #6 | -5.38% Oct 4, 2022 - Oct 25, 2022 | -12.47% May 2, 2017 - Aug 3, 2018 |
| #7 | -4.36% Oct 21, 2024 - Nov 19, 2024 | -8.77% Jul 11, 2024 - Oct 18, 2024 |
| #8 | -3.33% Jan 30, 2024 - Mar 7, 2024 | -7.38% Mar 14, 2013 - Apr 30, 2013 |
| #9 | -2.88% Aug 7, 2023 - Sep 1, 2023 | -7.27% Apr 30, 2013 - Jul 18, 2013 |
| #10 | -2.73% Jan 2, 2025 - Jan 16, 2025 | -6.27% Aug 30, 2016 - Nov 25, 2016 |
| #11 | -2.71% Nov 29, 2024 - Dec 24, 2024 | -6.22% Sep 28, 2023 - Nov 14, 2023 |
| #12 | -2.48% Feb 7, 2023 - Feb 17, 2023 | -6.19% Apr 29, 2021 - May 27, 2021 |
| #13 | -2.40% Sep 1, 2023 - Sep 14, 2023 | -5.92% Jan 12, 2022 - Feb 8, 2022 |
| #14 | -2.40% Jun 3, 2024 - Jul 3, 2024 | -5.45% Jul 23, 2013 - Sep 18, 2013 |
| #15 | -2.40% Nov 7, 2022 - Nov 11, 2022 | -5.36% Nov 8, 2021 - Jan 4, 2022 |
Correlation
Correlation between PBDC and BIZD is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2013 - 2026)
PBDC vs BIZD dividend yield comparison.
| Year | PBDC | BIZD |
|---|---|---|
| 2026 | 5.27% | 5.73% |
| 2025 | 10.53% | 11.78% |
| 2024 | 9.29% | 10.94% |
| 2023 | 9.86% | 10.96% |
| 2022 | 3.40% | 11.21% |
| 2021 | 0.00% | 8.14% |
| 2020 | 0.00% | 10.39% |
| 2019 | 0.00% | 9.13% |
| 2018 | 0.00% | 10.88% |
| 2017 | 0.00% | 9.13% |
| 2016 | 0.00% | 8.51% |
| 2015 | 0.00% | 9.12% |
| 2014 | 0.00% | 8.51% |
| 2013 | 0.00% | 5.45% |
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