BIZD vs SPY
VanEck BDC Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BIZD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 9.69% | 0.09% | |
| AUM | $1.6B | $821.1B | |
| Dividend Yield | 12.25% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | -0.55% | +12.71% | |
| 1Y Return | -5.26% | +20.53% | |
| 3Y Return (annualized) | +6.13% | +21.60% | |
| 5Y Return (annualized) | +5.84% | +12.79% | |
| Volatility (annualized) | 19.9% | 15.3% | |
| Max Drawdown | -64.6% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 11, 2013 | Jan 22, 1993 |
BIZD vs SPY Performance
VanEck BDC Income ETF (BIZD) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BIZD returned -5.26% while SPY returned +20.53%. Year to date, BIZD is down 0.55% versus a gain of 12.71% for SPY.
Over three years, BIZD compounded at +6.13% per year against +21.60% for SPY; over five years the annualized figures are +5.84% and +12.79% respectively. Across the full 14-year window we track, SPY has the edge at +8.80% annualized vs +1.26%. 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 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
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 12.25% against 1.01% for SPY.
Holdings Overlap
BIZD and SPY share 0 holdings out of 534 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $960 per year of difference.
Which performed better, BIZD or SPY?
Over the past year BIZD returned -5.26% vs +20.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), BIZD annualized +1.26% vs +8.80% for SPY. Past performance does not guarantee future results.
Which is riskier, BIZD or SPY?
BIZD has been the more volatile fund at 19.9% annualized versus 15.3% for SPY. Worst drawdown: BIZD -64.6% vs SPY -56.5%.
Should I hold both BIZD and SPY?
BIZD and SPY have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BIZD and SPY?
BIZD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, BIZD or SPY?
BIZD yields 12.25% while SPY yields 1.01%, so BIZD currently pays the higher dividend yield.
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