BDVL vs BDYN: Grades, Fees and Holdings Compared

iShares Disciplined Volatility Equity Active ETF

BDVLANasdaq

iShares Dynamic Equity Active ETF

BDYNANasdaq

Overlap

23.8%by weight

Expense ratio

BDVL0.39%BDYN0.39%

Avg volume · 30D

BDYN 1.6×the volume

BDVL236KBDYN382K

BDVL vs BDYN Performance

Oct 31, 2025 – Nov 2, 2026

+9.7%BDVL+6.5%BDYN

Expense ratio: BDVL 0.39%; BDYN 0.39%
Fund size: BDVL $1.77B; BDYN $3.1B
1Y total return: BDVL +9.7%, better; BDYN +6.5%
Holdings: BDVL 423; BDYN 279
Avg volume (30D): BDVL 236K sh; BDYN 382K sh, better
NAV per share: BDVL $26.44; BDYN $27.12
52W range

ETF.net Grade

Pillar letters and Scores for BDVL, BDYN, with each pillar’s weight
Pillar	BDVL	BDYN
Cost30% weight	A79	A79
Mission25% weight	Not scored	B68
Risk15% weight	A80Higher	C49
Tradability15% weight	B68	A77Higher
Holdings10% weight	A89Higher	A75
Durability5% weight	A93	A96Higher

Rank among Global Active Equity funds

How we build Categories ›

Same Category. BDVL and BDYN are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds

See all 44 ›

BDVL ranks 1st and BDYN 7th of 44 funds in the Global Active Equity Category.

Rank 1AAVGEAvantis All Equity Markets ETFScore 79
Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
Rank 1ADFAWDimensional World Equity ETFScore 79
Rank 5AGEQCambria Global EW 2 ETFScore 74
Rank 7ABDYNiShares Dynamic Equity Active ETFScore 73
Rank 7ABINTBluemonte Global Equity ETFScore 73

Our read on each fund

ETF.net Research

BDVLAiShares Disciplined Volatility Equity Active ETF

BDYNAiShares Dynamic Equity Active ETF

In short

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.

BDYN A 2017 BlackRock Global Allocation mutual fund that slipped into an ETF wrapper in September 2025. Go-anywhere global stock picking, roughly 240 names, measured against MSCI World.

Stated mandate

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.

BDYN The fund seeks total return through active management of a stock portfolio diversified across regions, sectors, and industries.

Why people hold it

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.

BDYN Not a new launch: it ran as the BlackRock GA Dynamic Equity mutual fund from 2017, converting in September 2025 with the same objective and the same Global Allocation team.ishares.com
0.39% net of a waiver through June 30, 2028 (0.40% gross), below the typical global active equity fee. Sibling BDVL matches it, with a waiver to the same date.
Few guardrails: developed, emerging and frontier markets, any market cap, convertibles, cash and commodity-linked exposure through a Cayman subsidiary, all in one ticker.sec.gov
Multi-billion-dollar fund inside the iShares lineup, and one of the stronger showings among the global active equity funds we grade.

Worth knowing

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.

BDYN Broad-market active rivals cost less: AVTM at 0.22% and AVGE at 0.23%, neither leaning on a waiver.
No index to hug. The mix moves with the managers' read on growth, resources and politics, so results can diverge from MSCI World in either direction.sec.gov
Short history as an ETF, so its trading and risk record in this wrapper is still thin. Distributions land annually, not monthly.ishares.com

Full BDVL profile⁠

Full BDYN profile⁠

BDVL vs BDYN Holdings

How BDVL and BDYN differ

Overlap by weight

23.8%

Shared holdings make up 52.4% of BDYN and 32.8% of BDVL.

Level by level

Holdings53 in both23.8%
Countryby domicile80.6%
Sector10 Sectors92.3%
Asset classEquity100%

Sector

Sector weights in BDVL and BDYN, widest gap first
Sector	More in BDVLMore in BDYN	BDVL	BDYN
Energy	BDYN +3.1 points	4.1%	7.2%
Utilities	BDVL +2.8 points	4.5%	1.7%
Consumer Discretionary	BDYN +2.3 points	4.6%	6.9%
Health Care	BDVL +2.3 points	13.6%	11.3%
Industrials	BDVL +1.3 points	15.3%	14.0%
Technology	BDYN +1.0 points	28.6%	29.6%
Consumer Staples	BDVL +0.7 points	6.4%	5.7%
Communication	BDYN +0.8 points	7.0%	7.8%
Materials	BDYN +0.5 points	0.4%	0.9%
Financials	BDVL +0.4 points	15.4%	15.0%

Country, concentration and asset class

Country by domicile

Country weights in BDVL and BDYN, widest gap first
Country	More in BDVLMore in BDYN	BDVL	BDYN
United States	BDYN +13.8 points	69.5%	83.3%
China	BDVL +5.4 points	5.4%	0.0%
United Kingdom	BDYN +3.8 points	1.2%	5.0%
Taiwan	BDVL +3.5 points	3.5%	0.0%
India	BDVL +2.8 points	2.8%	0.0%
Germany	BDVL +2.8 points	2.8%	0.0%
Japan	BDVL +2.4 points	8.1%	5.7%
Switzerland	BDVL +2.2 points	2.2%	0.0%
Other countries (3)	BDYN +1.5 points	4.5%	6.0%

Outside the US: BDVL 62% developed, 38% emerging.

Concentration

Weight in the 10 largest Holdings

BDVL17.0%
BDYN28.7%

Securities held

BDVL401
BDYN261

Asset class

BDVL: Equity
BDYN: Equity

Holdings

Only in BDVL348
In both53
Only in BDYN208

Only in BDVL

348 securities, 88.3% of BDVL by weight

Asml Holding1.95%
Progressive1.17%
Taiwan Semiconductor Manufacturing1.11%
Coca-Cola1.10%
Southern1.07%
Airbus Group1.02%
Howmet Aerospace1.02%
Deutsche Telekom N AG0.93%
Salesforce0.90%
Keysight Technologies0.87%
Travelers Companies0.86%
Duke Energy Corp0.86%
Waste Management Inc0.80%
Motorola Solutions Inc0.79%
Bank of China Ltd H0.78%
Novartis AG0.77%
Autodesk0.77%
United Parcel Service Inc Class B0.73%
Northrop Grumman Corp0.72%
Cencora0.70%
Rolls-Royce Holdings PLC0.69%
S&P Global0.69%
Steris0.67%
Elevance Health Inc0.66%
Honeywell International Inc0.66%
Otsuka Corp0.64%
Occidental Petroleum Corp0.64%
Rwe AG0.62%
Msci0.62%
Verisign0.61%
Teledyne Technologies0.61%
Kroger0.61%
Workday Class A0.60%
Chubb0.58%
Softbank0.58%
Dollar General Corp0.58%
Roper Technologies0.56%
Royal Bank of Canada0.54%
Fiserv Inc0.53%
Roche Ps Par AG0.52%
Cboe Global Markets0.52%
Wesco International0.52%
Arch Capital Group0.50%
Hp Inc0.49%
Hasbro0.49%
Sap0.49%
Kyocera0.49%
American Water Works0.48%
Kddi0.47%
Fast Retailing0.47%

Only in BDYN

208 securities, 48.0% of BDYN by weight

Spdr Gold Shares2.52%
Eli Lilly2.45%
Thermo Fisher Scientific1.20%
Tesla Inc1.10%
Citigroup1.05%
Asml Holding Adr Representing1.03%
Airbus SE Unsponsored Netherlands1.00%
Suncor Energy Inc0.98%
Mitsubishi Ufj Financial Group Ads0.94%
JPMorgan Chase & Co0.94%
Shell Adr Each Representing0.92%
Csx0.92%
British American Tobacco Adr Repre0.89%
Rolls Royce Holdings Adr PLC0.87%
Philip Morris International0.82%
Boeing0.81%
Nextera Energy0.75%
Freeport Mcmoran Inc0.75%
Ing Groep Adr Rep0.75%
Unicredito Spa Unsponsored Italy A0.74%
Targa Resources0.70%
Williams0.69%
Fifth Third Bancorp0.69%
Taiwan Semiconductor Manufacturing0.68%
Capital One Financial Corp0.67%
Rockwell Automation Inc0.65%
National Grid Adr Repsg PLC0.63%
American Express0.62%
Space Exploration Technologies Cor0.61%
Abn Amro Bk N V Amsterdam Brh Unsp0.61%
Snowflake0.61%
Palo Alto Networks0.60%
Live Nation Entertainment0.57%
Delta Air Lines0.56%
Bae Systems Adr PLC0.55%
Hilton Worldwide Holdings0.54%
Lumentum Holdings0.50%
Eqt0.50%
Relx Adr Representing PLC0.49%
Cenovus Energy0.48%
Caterpillar Inc0.48%
Starbucks Corp0.46%
Sk Hynix American Depositary Share0.46%
Valero Energy Corp0.46%
Union Pacific0.44%
Caseys General Stores Inc0.41%
Roche Holdings Adr AG0.41%
Societe Generale France Sponsored0.41%
Datadog Inc Class A0.40%
Siemens Adr AG0.37%

Weight gaps

All 53 Holdings in both funds, largest gap first.

Holding weights in BDVL and BDYN, widest gap first
Holding	More in BDVLMore in BDYN	BDVL	BDYN
AppleAAPL	BDYN +4.60 points	0.40%	5.00%
NVIDIANVDA	BDYN +4.17 points	0.68%	4.85%
MicrosoftMSFT	BDYN +2.66 points	1.73%	4.39%
Alphabet Class CGOOG	BDYN +1.73 points	0.98%	2.71%
Micron TechnologyMU	BDYN +1.40 points	0.09%	1.49%
Meta Platforms Class AMETA	BDYN +1.06 points	0.80%	1.86%
Ge AerospaceGE	BDYN +1.01 points	0.17%	1.18%
Amazon.com IncAMZN	BDYN +0.94 points	1.33%	2.27%
Mastercard Class AMA	BDVL +0.92 points	1.88%	0.96%
Ge VernovaGEV	BDYN +0.86 points	0.08%	0.94%
AbbVieABBV	BDYN +0.70 points	0.48%	1.18%
Parker-HannifinPH	BDYN +0.69 points	0.28%	0.97%
Exxonmobil Holdings CorpXOM	BDYN +0.65 points	0.62%	1.27%
Bank of AmericaBAC	BDYN +0.57 points	<0.01%	0.57%
Broadcom IncAVGO	BDYN +0.56 points	0.92%	1.48%
Walt DisneyDIS	BDYN +0.55 points	0.44%	0.99%
Johnson & JohnsonJNJ	BDYN +0.52 points	0.55%	1.07%
WalmartWMT	BDYN +0.51 points	0.43%	0.94%
Estee Lauder Inc Class AEL	BDYN +0.48 points	0.19%	0.67%
Costco Wholesale CorpCOST	BDYN +0.45 points	0.80%	1.25%
Republic Services IncRSG	BDVL +0.44 points	0.86%	0.42%
UnitedHealth GroupUNH	BDYN +0.36 points	0.45%	0.81%
Cadence Design SystemsCDNS	BDVL +0.35 points	0.55%	0.20%
Advanced Micro DevicesAMD	BDYN +0.34 points	0.54%	0.88%
Goldman Sachs GroupGS	BDYN +0.32 points	0.33%	0.65%
Monster BeverageMNST	BDVL +0.31 points	0.57%	0.26%
Procter & GamblePG	BDVL +0.30 points	0.61%	0.31%
Gilead SciencesGILD	BDVL +0.30 points	0.74%	0.45%
ChevronCVX	BDVL +0.28 points	0.55%	0.27%
Palantir Technologies Class APLTR	BDYN +0.26 points	0.24%	0.50%
MarshMRSH	BDYN +0.25 points	0.29%	0.54%
Mckesson CorpMCK	BDYN +0.23 points	0.52%	0.75%
Mongodb Class AMDB	BDYN +0.23 points	0.16%	0.39%
Arista NetworksANET	BDYN +0.21 points	0.06%	0.27%
Crowdstrike Holdings Class ACRWD	BDYN +0.21 points	0.13%	0.34%
ServicenowNOW	BDVL +0.16 points	0.24%	0.08%
Cisco Systems IncCSCO	BDYN +0.14 points	0.55%	0.69%
Vertex PharmaceuticalsVRTX	BDVL +0.13 points	0.76%	0.63%
TjxTJX	BDYN +0.12 points	0.30%	0.42%
Trane Technologies PLCTT	BDVL +0.13 points	0.66%	0.53%
Merck & Co IncMRK	BDYN +0.12 points	0.38%	0.50%
Lam ResearchLRCX	BDVL +0.12 points	0.60%	0.48%
Intel CorporationINTC	BDVL +0.12 points	0.69%	0.57%
AtiATI	BDVL +0.11 points	0.23%	0.12%
D R HortonDHI	BDYN +0.09 points	0.38%	0.47%
Texas InstrumentTXN	BDYN +0.09 points	0.30%	0.39%
Home DepotHD	BDVL +0.08 points	0.42%	0.34%
Cheniere EnergyLNG	BDVL +0.08 points	0.36%	0.28%
Williams Sonoma IncWSM	BDVL +0.08 points	0.23%	0.15%
Verizon Communications IncVZ	BDVL +0.07 points	0.20%	0.13%
CorningGLW	BDVL +0.05 points	0.16%	0.11%
Vertiv Holdings Class AVRT	BDVL +0.04 points	0.73%	0.69%
Visa Class AV	BDVL +0.01 points	1.00%	0.99%

All 514 BDVL holdings⁠All 242 BDYN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BDVL vs BDYN Cost

Same expense ratio

$7,898

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

BDVL 0.39%
$7,898
BDYN 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

BDVL 0.39%
BDYN 0.39%

Year by year

Year	BDVL	BDYN
10	$705	$705
20	$2,725	$2,725
30	$7,898	$7,898

Expense ratio

0.39%BDVL
0.39%BDYN

BDVL0.39%BDYN0.39%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

BDVL 9th cheapest of 44 funds

BDYN 9th cheapest of 44 funds

BDVL vs BDYN Dividends

Last 12 months to Nov 2, 2026

Last payment: BDVL $0.22; BDYN $0.56
Ex-dividend: BDVL Jun 15, 2026; BDYN Dec 16, 2025
Paid on: BDVL Jun 18, 2026; BDYN Dec 19, 2025
Frequency: BDVL Twice a year; BDYN Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BDVLTwice a year · 2 paymentsAll BDVL payments⁠

BDYNIrregular · 1 paymentAll BDYN payments⁠

BDVL vs BDYN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BDVL 8.7%since Oct 2025BDYN 12.8%since Oct 2025
Return per unit of riskSharpe ratio, 3 years: BDVL 0.60since Oct 2025BDYN 0.41since Oct 2025
Worst fallMax drawdown, 5 years: BDVL −7.7%since Sep 2025BDYN −10.8%since Sep 2025
Market sensitivityBeta, 5 years: BDVL 0.61BDYN 0.96; Market = 1

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