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Launched

iShares Flexible Equity Active ETF

BFLXNasdaqiSharesA

$25.16−0.09 (−0.36%)

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

A74/ 100

Rank 5 of 44 in Global Active Equity

A74/100Rank 5 of 44inGlobal Active Equity
Intraday session: down, 79 prints from 25.25 to 25.16. Range 25.14 to 25.51. Use the arrow keys to read each point.25.3025.4025.5010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$2.16B
1Y total return
No data
Yield · Last 12 months
No data
Holdings
305
Avg volume · 30D
1.12M sh
52W range
low $24.77high $26.67
Launched

The ETF.net BFLX Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Global Active Equity⁠
Rank
5 of 44
Six-pillar profile for BFLX. Scores out of 100: Cost 79, Risk 56, Mission not scored, Tradability 80, Holdings 81, Durability 68. Strongest: Holdings (81). Weakest: Risk (56). Based on 5 of 6 pillars.

Score 74 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.
    B56 out of 100
    Rank 20 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 4 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A81 out of 100
    Rank 5 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 14 of 44

Our read on BFLX

ETF.net Research

In short

AA hedge-fund move in an ETF wrapper: BFLX runs more than 100% long in global stocks and shorts its least-favored names, staying net long throughout. Systematic signals plus human judgment, 0.40% a year.

Stated mandate

The fund seeks total return through a systematic, actively managed global-equity approach. It may use both long and short positions while maintaining net long exposure.

Why people hold it

  • The 130/30 build in plain English: stretch the long book past 100% of assets, short the least-favored names to fund it, and keep net exposure long global equities.blackrock.com
  • 0.40% a year, less than the typical fund in its global active-equity peer group, for machinery (shorting, extension) that plain index funds do not offer.
  • Run by BlackRock's Global Allocation systematic team against the MSCI World Index, and already a multi-billion-dollar fund that trades actively.blackrock.com
  • Roughly 500 positions, so it reads as a broad global book rather than a few concentrated bets.

Worth knowing

  • Shorting brings costs and risks pure long investing does not: borrow fees, and a short that moves against the fund has no natural ceiling on its loss.ishares.com
  • It launched in 2026, so there is far less history here than behind the decades-old global index funds sitting next to it.
  • Cheaper routes to global equity exist: index-based peers such as AVGE and DFAW charge roughly half as much, without the shorts or the active calls.

BFLX Performance

Launched May 19, 2026

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.Not enough history yet.Not enough history yet.
BFLX$9,898
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. BFLX $9,898. SPY $10,141. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – 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 BFLX. Periods over one year show the average yearly return.
PeriodBFLX
Year to dateFund launched this yearNo data
1 month−1.7%
3 months−1.0%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper 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 BFLX
YearReturn barBFLX
2026 YTD−0.1%

History from May 20, 2026

BFLX in the news

BFLX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed May 2026. No distributions yet.

BFLX Risk

Risk pillarB56 out of 100Rank 20 of 42 in Global Active Equity
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
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.
Launched May 2026; fills in after 12 months
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.
Launched May 2026; fills in after 12 months
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.
0.95
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.

BFLX Cost

Compare BFLX and AVTM

Overpaying vs AVTM, cheapest in Global Active Equity

$3,532

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

  • BFLX 0.40%

    $8,090

  • AVTM 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • BFLX 0.40%
  • 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$8K$10K051015202530BFLX $8,090AVTM $4,558

Year by year

YearBFLXAVTMOverpaying
10$723$401$322
20$2,793$1,561$1,232
30$8,090$4,558$3,532

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