Data as of Nov 12, 2026.
BIZD vs IAI: Differences, Returns & Fees
Return, fees and overlap, side by side.
Pair scorecard
BIZD costs 0.27 points a year less; their one-year returns differ by 5.0 points; BIZD is 1.2 times larger.
| Measure | BIZD | IAI |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.9% | +3.1% |
| Drawdown | ||
| Below its high | 14.7%, high on Feb 19, 2025 | 7.5%, high on Sep 3, 2026 |
| Benchmark | ||
| What it tracks | MVIS US Business Development Companies Index | Dow Jones U.S. Select Investment Services Index |
| Cost and size | ||
| Expense ratio | 0.10% | 0.37% |
| Net assets, as of Nov 11, 2026 | $1.5bn | $1.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 45.1% | 74.8% |
What they share
By the books each fund has filed, BIZD and IAI hold 0% of their money in the same securities at the same weight. Holdings dated Nov 11, 2026.
half
0% in common
Only in one fund ↓
Side by side
BIZD and IAI on the fields both publish, as of Nov 12, 2026. Source: ETFIQ.
Client brief:
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BIZD
BIZD tracks an index. Over the year to Nov 12, 2026 it returned −1.9% with distributions reinvested. The prospectus expense ratio is 0.10% a year. By its holdings published by its issuer for Nov 11, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 45.1%. It sat 14.7% below its high of Feb 19, 2025 on Nov 12, 2026.
IAI
IAI tracks an index. Over the year to Nov 12, 2026 it returned +3.1% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Nov 11, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 37 positions, with the top ten at 74.8%. It sat 7.5% below its high of Sep 3, 2026 on Nov 12, 2026.
Questions people ask
- Which returned more over the last year, BIZD or IAI?
- In the year to Nov 12, 2026, with distributions reinvested, BIZD returned −1.9% and IAI +3.1%.
- Which is cheaper, BIZD or IAI?
- BIZD is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BIZD against IAI, data as of Nov 12, 2026. https://etfiq.com/compare/any/bizd-vs-iai
ETFIQ. (Nov 12, 2026). BIZD against IAI. Retrieved from https://etfiq.com/compare/any/bizd-vs-iai
[BIZD against IAI (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/any/bizd-vs-iai)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
Net assets: $1.5bn on Nov 11, 2026 for VanEck BDC Income ETF, and $1.3bn on Nov 12, 2026 for iShares U.S. Broker-Dealers & Securities Exchanges ETF.
BIZD and IAI
Total return, distributions reinvested, 1 year.
BIZD −1.9%, IAI +3.1%: IAI +5.0 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.