BDVL vs CLUB

BDVLAiShares Disciplined Volatility Equity Active ETF

CLUBDBillionaires Club 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.

CLUB One idea, stated plainly: own the companies that actually made someone rich. CLUB is an active global stock fund hunting businesses whose success built lasting fortunes for their founders, controlling shareholders and key operators.

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.

CLUB The Fund seeks long-term capital appreciation. It is an actively managed ETF investing in equity securities, primarily companies whose success contributed to significant long-term wealth for founders, controlling shareholders, or key operators.

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.

• CLUB The mandate is refreshingly literal. It targets companies whose success created significant long-term wealth for founders, controlling shareholders or key operators. Skin in the game, used as a stock screen.
• Global by design. Developed international and emerging markets are both in scope, so the founder hunt isn't fenced into US large caps.
• Advertised tilts toward growth and profitability, meaning the screen leans on businesses already earning money rather than pure story stocks.
• A conventional 1940 Act fund wrapper with an active manager, so there's no index to hug and no exotic structure underneath the ticker.

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.

• CLUB At 0.75% a year it sits well above the broad global core options, where GSWO charges 0.15% and AVGE 0.25%. Manager judgment is the thing you're paying for.
• It launched in 2026, so there's only a short record and no full market cycle to judge the stock picking against.
• Small and thinly traded, which usually means wider bid-ask spreads than at a giant fund. Payouts come once or twice a year: this is a capital-appreciation mandate, not an income one.

Full BDVL profile⁠

Full CLUB profile⁠