AVOS vs BDVL

AVOSBAvos Global Equities ETF

BDVLAiShares Disciplined Volatility Equity Active ETF

In short

AVOS One active portfolio, the whole world, no regional guardrails, at 0.64% a year. That undercuts the typical active global fund, though index-built world ETFs still do the geography job for a fraction of it.

BDVL A 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

AVOS The fund seeks long-term capital appreciation through an actively managed portfolio of equity securities across global markets.

BDVL 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

• AVOS At 0.64% a year, it prices below the median active global equity fund (0.69%), so the stock-picking mandate doesn't carry a premium inside its own category.
• Go-anywhere design: managers choose equities across global markets in pursuit of long-term capital appreciation, with no fixed country or regional split to defend.
• Sits in the upper half of its active global equity peer group, helped by an early volatility record calmer than much of the field.

• BDVL 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

• AVOS Index-built world funds cover the same map far cheaper: GSWO at 0.15%, DFAW at 0.24%, AVGE at 0.25%. Active security selection is what the extra fee buys.
• Thinly traded next to the category's giants, so spreads can widen. Limit orders are the standard defense with funds this quiet.
• A 2026 launch leaves a short history to judge, and the mandate points at capital appreciation rather than income.

• BDVL 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.

Full AVOS profile⁠

Full BDVL profile⁠