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PBDCvsBIZDETF Comparison

ETF 1
PBDC

Putnam BDC Income ETF

This fund is part of
US Financials
+0.95%
VS
ETF 2
BIZD

VanEck BDC Income ETF

This fund is part of
US Financials
+0.95%

Putnam BDC Income ETF (PBDC) and VanEck BDC Income ETF (BIZD) belong to the same industry segment: US Financials. PBDC's top 3 sector exposures are and Financials. PBDC is more expensive with a Total Expense Ratio (TER) of 13.49%, versus 12.86% for BIZD. PBDC is down -11.95% year-to-date (YTD) with +$28M in YTD flows. BIZD performs better with -11.64% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of PBDC and BIZD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PBDC vs BIZD performance and flow charts

Performance

-4.0-3.0-2.0-1.00.01.0%Mar 2Mar 9Mar 16Mar 23Mar 30

Cumulative Flows

-40 M-30 M-20 M-10 M0 M10 M20 MMar 2Mar 9Mar 16Mar 23Mar 30

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/30/2026
1M3MYTD1Y3Y5Y
Perf.
PBDC
BIZD
-1.47%-3.16%
-11.72%-11.58%
-11.95%-11.64%
-13.84%-17.01%
+28.69%+18.34%
n/a+29.41%
Flows
PBDC
BIZD
+$19M+$9M
+$30M+$6M
+$28M+$5M
+$108M+$360M
+$265M+$1.20B
-+$1.48B
Volatility and drawdown
3M1Y3Y5Y
Volatility
PBDC
BIZD
+22.62%+22.67%
+21.40%+21.77%
+15.87%+15.94%
n/a+17.17%
Max drawdown
PBDC
BIZD
-15.60%-15.35%
-20.04%-22.21%
-20.22%-22.66%
n/a-22.98%
Max drawdown duration
PBDC
BIZD
74d74d
256d256d
404d404d
n/a453d
Trading data

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PBDC
BIZD
Last sale
3/31/2026 at 1:30 PM
$27.58
$12.80
Previous close
03/30/2026
$26.94
$12.51
Consolidated volume
03/30/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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PBDC
is actively managed and doesn’t replicate an index

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PBDC
BIZD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/31/2026 at 1:30 PM
Live
Closed
PBDC
BIZD
Last price
$27.58
$12.80
1D performance
+2.38%
+2.32%
AuM$247.48 M$1.42 B
E/R13.49%12.86%
Characteristics
PBDC
BIZD
Management strategyActivePassive
ProviderPutnamVanEck
Benchmark-MVIS US Business Development Companies Index
N° of holdings18-
Asset class-Equities
Trailing 12m distribution yield
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Inception dateSeptember 29, 2022February 11, 2013
ESGNoNo
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Exposure

Countries

PBDC
USA
77.18%
Other
22.82%
BIZD
Data will be available soon

Sectors

PBDC
Financials
71.28%
Other
28.72%
BIZD
Data will be available soon

Diversification

PBDC

Total weight of top 15 holdings out of 15

74.29%
BIZD
Data will be available soon

Top 15 holdings

Data as of February 28, 2026
PBDC
ARES CAPITAL
12.34%
OWL ROCK CAPITAL CORP
8.68%
MAIN STREET CAPITAL
7.39%
HERCULES CAPITAL INC
6.44%
US09261X1028
5.90%
FS KKR CAPITAL CORP
5.71%
GOLUB CAPITAL BDC
5.58%
TRINITY CAPITAL
4.24%
BARINGS BDC INC
3.32%
SLR INVESTMENT CORP
3.20%
BAIN CAPITAL SPECIALTY FINANCE INC
3.07%
CAPITAL SOUTHWEST
2.47%
CRESCENT CAPITAL BDC INC
2.32%
APOLLO INVESTMENT
1.91%
RUNWAY GROWTH FINANCE
1.72%
BIZD
Data will be available soon
Frequently asked questions about PBDC and BIZD

How have the PBDC and BIZD ETFs performed in 2026?

As of March 30, 2026, PBDC is down -11.95% year-to-date (YTD), while BIZD has lost -11.64%. That puts BIZD better performer ahead so far this year.

Which ETF is attracting more investor money: PBDC or BIZD?

Year-to-date, the PBDC ETF saw +$28M in flows, compared to +$5M for BIZD.

Which ETF is more volatile: PBDC or BIZD?

Over the past year, PBDC had a volatility of 21.4%, while BIZD experienced 21.77%.

Which ETF is bigger: PBDC or BIZD?

As of March 30, 2026, PBDC holds $247.48 M in assets under management (AUM), while BIZD manages $1.42 B.

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