BIZD vs SPY
VanEck BDC Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BIZD or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BIZD | SPY |
|---|---|---|
| Expense Ratio | 9.69% | 0.09%Best |
| AUM | $1.6B | $811.2B |
| Dividend Yield | 11.46% | 0.98% |
| Holdings | 68 | 1,515 |
| YTD Return | -6.98% | +14.79%Best |
| 1Y Return | -1.92% | +18.62%Best |
| 3Y Return (annualized) | +3.68% | +23.21%Best |
| 5Y Return (annualized) | +3.99% | +13.92%Best |
| Volatility (annualized) | 19.9% | 14.3%Best |
| Max Drawdown | -64.6% | -34.1%Best |
| $10,000 over 5 years | $12,161 | $19,187Best |
| Fund Family | VanEck | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Feb 11, 2013 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 12, 2013 to Oct 12, 2026 (13.7 years).
BIZD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.7 years both funds cover.
BIZD vs SPY Performance
VanEck BDC Income ETF (BIZD) is an ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BIZD returned -1.92% while SPY returned +18.62%. Year to date, BIZD is down 6.98% versus a gain of 14.79% for SPY.
Over three years, BIZD compounded at +3.68% per year against +23.21% for SPY; over five years the annualized figures are +3.99% and +13.92% respectively. Across the full 14-year window we track, SPY has the edge at +13.33% annualized vs +0.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BIZD has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 14.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -64.6% for BIZD and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BIZD charges 9.69% per year while SPY charges 0.09%. On a $10,000 position that is $969 vs $9 annually, a gap of $960 per year that compounds over a long holding period. On income, BIZD currently yields 11.46% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 30 holdings in BIZD and 504 in SPY, totalling 61.6% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 30 positions we hold weights for in BIZD and 504 in SPY, against full books of 68 and 1,515.
You are not choosing between two funds in isolation.
Whichever of BIZD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BIZD or SPY?
BIZD has an expense ratio of 9.69% while SPY charges 0.09%. SPY is the cheaper option, by $960 a year on a $10,000 investment.
Which performed better, BIZD or SPY?
Over the past year BIZD returned -1.92% vs +18.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), BIZD annualized +0.75% vs +13.33% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BIZD or SPY?
BIZD has been the more volatile fund at 19.9% annualized versus 14.3% for SPY. Worst drawdown: BIZD -64.6% vs SPY -34.1%.
Should I hold both BIZD and SPY?
BIZD and SPY have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BIZD or SPY?
BIZD yields 11.46% while SPY yields 0.98%, so BIZD currently pays the higher dividend yield.
Is SPY better than BIZD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.