Skip to content
etf.net

Launched · SEC filings

iShares Disciplined Volatility Equity Active ETF

BDVLNasdaqiSharesA

$26.49+0.01 (+0.04%)

At close: Nov 2, 2026, 4:00 PM ET

A79/ 100

Rank 1 of 44 in Global Active Equity

A79/100Rank 1 of 44inGlobal Active Equity
Intraday session: up, 79 prints from 26.48 to 26.49. Range 26.49 to 26.65. Use the arrow keys to read each point.26.5526.6026.6510 AM12 PM2 PM4 PM
Expense ratio
0.39%*
Fund size
$1.77B
1Y total return
+9.6%
Yield · Last 12 months
No data
Holdings
423
Avg volume · 30D
236K sh
52W range
low $24.04high $27.02
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jun 30, 2028. Without it: 0.40%.

The ETF.net BDVL Grade

Based on 5 of 6 pillars

A

Score 79 out of 100

Category
Global Active Equity⁠
Rank
1 of 44
Six-pillar profile for BDVL. Scores out of 100: Cost 79, Risk 80, Mission not scored, Tradability 68, Holdings 88, Durability 93. Strongest: Durability (93). Weakest: Tradability (68). Based on 5 of 6 pillars.

Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A79 out of 100
    Rank 9 of 44

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A80 out of 100
    Rank 1 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 10 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A88 out of 100
    Rank 3 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A93 out of 100
    Rank 2 of 44

Our read on BDVL

ETF.net Research

In short

AA global low-volatility fund with an active engine: a quant model picks roughly 500 stocks on low vol, quality and value, scored against MSCI's ACWI Minimum Volatility Index. Fee: 0.39% net of a waiver through June 30, 2028.

Stated mandate

The Fund seeks risk-adjusted total return through active management of equity exposure, with a focus on managing volatility relative to the broad equity market.

Why people hold it

  • Costs 0.39% net of a waiver through June 30, 2028, below the median fee among global active equity peers and under sibling fund BFLX at 0.40%.
  • Roughly 500 holdings worldwide, so no single stock runs the show. Its holdings build and risk profile rank among the strongest in its peer group.
  • Built to hold core equity exposure while leaning toward stocks that have shown smaller price swings than the broad market.ishares.com
  • Trading since 2017, a long life for an active equity ETF, and it has gathered billions from investors along the way.

Worth knowing

  • A model, not an index, picks the names. Active discretion cuts both ways against the MSCI minimum-volatility benchmark it is measured by.
  • The low-vol tilt means lighter exposure to the market's most volatile high-flyers, which shapes how it behaves when those names run.
  • Cheaper active options sit in the same category: AVTM at 0.22% and AVGE at 0.23% deliver broad global equity without the volatility focus.

BDVL Performance

Launched Jun 1, 2017

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BDVL$10,965
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BDVL $10,965. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BDVL. Periods over one year show the average yearly return.
PeriodBDVL
Year to date+7.6%
1 month+1.4%
3 months+0.9%
1 year+9.6%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BDVL
YearReturn barBDVL
2026 YTD+7.6%
2025+2.0%

History from Sep 15, 2025

BDVL in the news

BDVL Dividends

Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 16, 2025 $0.69; Jun 15, 2026 $0.22. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.22
Dec 16, 2025Dec 19, 2025$0.69

$10,000 in BDVL 1 year ago paid $366 in dividends.

BDVL Risk

Risk pillarA80 out of 100Rank 1 of 42 in Global Active Equity
How much the fund’s monthly returns vary, scaled to a year.
8.7%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.60
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−7.7%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.61
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BDVL Cost

Compare BDVL and AVTM

Overpaying vs AVTM, cheapest in Global Active Equity

$3,340

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BDVL 0.39%

    $7,898

  • AVTM 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • BDVL 0.39%
  • AVTM 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BDVL $7,898AVTM $4,558

Year by year

YearBDVLAVTMOverpaying
10$705$401$304
20$2,725$1,561$1,164
30$7,898$4,558$3,340
How the 0.39% is worked out

Full fee 0.40%− waiver 0.01%= you pay 0.39%

The waiver ends Jun 30, 2028. After that the fee is 0.40% unless iShares renews it. Source: prospectus, Aug 2026.

Other funds in Global Active Equity

See others