BDVL vs GEQ: Grades, Fees and Holdings Compared

iShares Disciplined Volatility Equity Active ETF

BDVLANasdaq

Cambria Global EW 2 ETF

GEQANasdaq

Overlap

27.1%by weight

Expense ratio

GEQ −0.12pt a year

BDVL0.39%GEQ0.27%

Avg volume · 30D

BDVL 121.0×the volume

BDVL236KGEQ1.95K

BDVL vs GEQ Performance

Jul 31, 2026 – Nov 2, 2026

+1.0%BDVL+1.4%GEQ

Expense ratio: BDVL 0.39%; GEQ 0.27%, better
Fund size: BDVL $1.77B; GEQ $204M
1Y total return: BDVL +9.7%; GEQ No data
Holdings: BDVL 423; GEQ 671
Avg volume (30D): BDVL 236K sh, better; GEQ 1.95K sh
NAV per share: BDVL $26.44; GEQ $51.26
52W range

ETF.net Grade

Pillar letters and Scores for BDVL, GEQ, with each pillar’s weight
Pillar	BDVL	GEQ
Cost30% weight	A79	A91Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A80Higher	A73
Tradability15% weight	B68Higher	D38
Holdings10% weight	A89	A91Higher
Durability5% weight	A93Higher	B57

Rank among Global Active Equity funds

How we build Categories ›

Same Category. BDVL and GEQ 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 GEQ 5th 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 5ABFLXiShares Flexible Equity Active ETFScore 74
Rank 5AGEQCambria Global EW 2 ETFScore 74
Rank 7ABDYNiShares Dynamic Equity Active ETFScore 73

Our read on each fund

ETF.net Research

BDVLAiShares Disciplined Volatility Equity Active ETF

GEQACambria Global EW 2 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.

GEQ Equal weight, worldwide: every large cap gets the same slice, so a few mega caps don't run the show. Cambria launched it through a Section 351 exchange, built as a landing spot for concentrated, low-basis stock.

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.

GEQ The fund seeks capital appreciation through diversified exposure to global equities, using an equal-weighted approach intended to reduce concentration and improve diversification relative to market-cap weighting.

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.

GEQ Equal weighting keeps the giants in line: holdings get the same target slice, so the portfolio doesn't hinge on a handful of trillion-dollar names.cambriafunds.com
0.27% a year: well under the typical active global equity fund, and in the same neighborhood as the cheapest names in the group, AVGE and DFAW.
Launched with a Section 351 exchange, letting qualifying investors contribute appreciated securities for fund shares without immediately realizing the gain.yahoo.com
Global means global: US and overseas large caps sit in one ticker, instead of a domestic fund bolted to an international sleeve.cambriafunds.com

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.

GEQ It started trading in 2026, so the track record is short and risk measures rest on a thin window of data.
Thinly traded next to the category's household names, so spreads can widen. Limit orders matter more here than with a mega-fund.
Staying equal takes work: periodic rebalancing can mean more turnover and trading costs than a cap-weighted fund, which lets winners ride for free.cambriafunds.com

Full BDVL profile⁠

Full GEQ profile⁠

BDVL vs GEQ Holdings

How BDVL and GEQ differ

Overlap by weight

27.1%

Shared holdings make up 72.3% of BDVL and 33.4% of GEQ.

Level by level

Holdings173 in both27.1%
Countryby domicile83.9%
Sector11 Sectors88.4%
Asset classEquity100%

Sector

Sector weights in BDVL and GEQ, widest gap first
Sector	More in BDVLMore in GEQ	BDVL	GEQ
Financials	GEQ +5.4 points	15.4%	20.8%
Health Care	BDVL +2.9 points	13.6%	10.7%
Utilities	BDVL +2.5 points	4.5%	2.0%
Materials	GEQ +2.4 points	0.4%	2.8%
Consumer Discretionary	GEQ +2.3 points	4.6%	6.9%
Consumer Staples	BDVL +2.2 points	6.4%	4.2%
Industrials	BDVL +2.0 points	15.3%	13.3%
Real Estate	GEQ +1.1 points	0.0%	1.1%
Communication	BDVL +0.9 points	7.0%	6.1%
Technology	BDVL +1.0 points	28.6%	27.6%
Energy	GEQ +0.4 points	4.1%	4.5%

Country, concentration and asset class

Country by domicile

Country weights in BDVL and GEQ, widest gap first
Country	More in BDVLMore in GEQ	BDVL	GEQ
United States	GEQ +5.7 points	69.5%	75.2%
Japan	BDVL +4.6 points	8.1%	3.5%
Canada	GEQ +3.9 points	0.0%	3.9%
China	BDVL +2.8 points	5.4%	2.6%
India	BDVL +2.6 points	2.8%	0.2%
Taiwan	BDVL +2.4 points	3.5%	1.1%
Netherlands	BDVL +1.4 points	2.6%	1.2%
Australia	GEQ +1.2 points	0.0%	1.2%
Other countries (24)	GEQ +3.1 points	8.0%	11.1%

Outside the US: BDVL 62% developed, 38% emerging. GEQ 82% developed, 18% emerging.

Concentration

Weight in the 10 largest Holdings

BDVL17.0%
GEQ17.8%

Securities held

BDVL401
GEQ669

Asset class

BDVL: Equity
GEQ: Equity

Holdings

Only in BDVL228
In both173
Only in GEQ496

Only in BDVL

228 securities, 43.7% of BDVL by weight

Asml Holding1.95%
Taiwan Semiconductor Manufacturing1.11%
Deutsche Telekom N AG0.93%
Novartis AG0.77%
Steris0.67%
Otsuka Corp0.64%
Teledyne Technologies0.61%
Kroger0.61%
Workday Class A0.60%
Royal Bank of Canada0.54%
Fiserv Inc0.53%
Cboe Global Markets0.52%
Hp Inc0.49%
Sap0.49%
Kyocera0.49%
American Water Works0.48%
Obic Ltd0.47%
Heico Class A0.46%
Broadridge Financial Solutions Inc0.46%
Cms Energy0.45%
Indra Sistemas SA0.45%
Sunbelt Rentals Holdings Inc0.45%
Bharti Airtel Ltd0.43%
Ss and C Technologies Holdings0.43%
Incyte Corp0.40%
Atmos Energy0.38%
Cavco Industries0.36%
United Therapeutics0.36%
Centene Corp0.36%
Hexcel0.35%
Novatek Microelectronics0.33%
Otsuka Holdings0.33%
Chugai Pharmaceutical Ltd0.32%
Infosys0.32%
Tingyi (Cayman Islands) Holdings0.32%
Singapore Telecommunications Ltd0.32%
Konami Group0.31%
Ucb SA0.31%
Hindustan Unilever Ltd0.31%
Central Japan Railway0.30%
Cgi Inc Class A0.30%
Hkt Trust and Hkt Units0.30%
Burlington Stores0.30%
Icon PLC0.29%
Orange SA0.29%
Nomura Research Institute0.28%
First Financial Holding Ltd0.27%
Sampo Class A0.27%
Archer Daniels Midland0.27%
Pan Pacific International Holdings0.27%

Only in GEQ

496 securities, 66.5% of GEQ by weight

iShares Core S&P 500 ETF3.32%
State Street SPDR S&P 500 ETF Trust2.51%
iShares MSCI Global Min Vol Factor ETF1.77%
State Street SPDR S&P MidCap 400 ETF Trust1.33%
Vanguard S&P 500 ETF1.14%
Invesco S&P 500 Low Volatility ETF1.12%
iShares Russell Mid-Cap ETF1.04%
JPMorgan Chase & Co.0.85%
Taiwan Semiconductor Manufacturing Co Ltd0.82%
Vanguard High Dividend Yield ETF0.76%
Eli Lilly & Co0.75%
ASML Holding NV0.69%
Alphabet Inc0.66%
Waste Connections Inc0.66%
Hilton Worldwide Holdings Inc0.63%
iShares Core S&P Mid-Cap ETF0.63%
Invesco QQQ Trust Series 10.61%
Kla Corp0.60%
Cambria US EW ETF0.56%
State Street Health Care Select Sector SPDR ETF0.55%
State Street Consumer Staples Select Sector SPDR ETF0.53%
Morgan Stanley0.51%
Thermo Fisher Scientific Inc0.49%
State Street SPDR S&P Biotech ETF0.46%
Deere & Co0.45%
Shopify Inc0.44%
Tesla Inc0.42%
Synopsys Inc0.41%
Vanguard Dividend Appreciation ETF0.41%
Ecolab Inc0.39%
Wells Fargo & Co0.39%
iShares Core S&P Small-Cap ETF0.39%
Eaton Corp PLC0.38%
Dimensional US Equity Market ETF0.37%
Vanguard Information Technology ETF0.37%
iShares Core S&P Total U.S. Stock Market ETF0.35%
Amphenol Corp0.35%
Oracle Corp0.34%
Blackstone Inc0.34%
Abbott Laboratories0.34%
Vulcan Materials Co0.34%
Invesco S&P Global Water Index ETF0.33%
Quanta Services Inc0.33%
iShares U.S. Technology ETF0.33%
WisdomTree U.S. Quality Dividend Growth Fund0.31%
Schwab US Broad Market ETF0.31%
Citigroup Inc0.30%
Fair Isaac Corp0.30%
Vanguard Ftse Developed Etf0.29%
Axon Enterprise Inc0.28%

Weight gaps

The 100 widest of 173 Holdings in both funds.

Holding weights in BDVL and GEQ, widest gap first
Holding	More in BDVLMore in GEQ	BDVL	GEQ
AppleAAPL	GEQ +1.76 points	0.40%	2.16%
Mastercard Class AMA	BDVL +1.10 points	1.88%	0.78%
ProgressivePGR	BDVL +1.10 points	1.17%	0.07%
SouthernSO	BDVL +1.04 points	1.07%	0.03%
Howmet AerospaceHWM	BDVL +1.00 points	1.02%	0.02%
Airbus Group	BDVL +0.93 points	1.02%	0.09%
Coca-ColaKO	BDVL +0.89 points	1.10%	0.21%
Duke Energy CorpDUK	BDVL +0.84 points	0.86%	0.02%
Republic Services IncRSG	BDVL +0.84 points	0.86%	0.02%
Keysight TechnologiesKEYS	BDVL +0.81 points	0.87%	0.06%
Travelers CompaniesTRV	BDVL +0.76 points	0.86%	0.10%
Motorola Solutions IncMSI	BDVL +0.75 points	0.79%	0.04%
AutodeskADSK	BDVL +0.74 points	0.77%	0.03%
United Parcel Service Inc Class BUPS	BDVL +0.72 points	0.73%	<0.01%
Vertiv Holdings Class AVRT	BDVL +0.72 points	0.73%	<0.01%
SalesforceCRM	BDVL +0.70 points	0.90%	0.20%
Waste Management IncWM	BDVL +0.68 points	0.80%	0.12%
NVIDIANVDA	GEQ +0.68 points	0.68%	1.36%
Intel CorporationINTC	BDVL +0.66 points	0.69%	0.03%
Occidental Petroleum CorpOXY	BDVL +0.64 points	0.64%	<0.01%
Rolls-Royce Holdings PLCRR.L	BDVL +0.61 points	0.69%	0.08%
Bank of China Ltd H	BDVL +0.61 points	0.78%	0.17%
Northrop Grumman CorpNOC	BDVL +0.60 points	0.72%	0.12%
Elevance Health IncELV	BDVL +0.60 points	0.66%	0.06%
CencoraCOR	BDVL +0.60 points	0.70%	0.10%
Rwe AG	BDVL +0.57 points	0.62%	0.05%
Honeywell International IncHON	BDVL +0.56 points	0.66%	0.10%
Monster BeverageMNST	BDVL +0.55 points	0.57%	0.01%
Vertex PharmaceuticalsVRTX	BDVL +0.54 points	0.76%	0.22%
Dollar General CorpDG	BDVL +0.54 points	0.58%	0.04%
Cadence Design SystemsCDNS	BDVL +0.53 points	0.55%	0.02%
Softbank	BDVL +0.53 points	0.58%	0.05%
Berkshire Hathaway Inc Class BBRK.B	GEQ +0.52 points	0.03%	0.55%
Roper TechnologiesROP	BDVL +0.52 points	0.56%	0.04%
Gilead SciencesGILD	BDVL +0.49 points	0.74%	0.26%
Wesco InternationalWCC	BDVL +0.48 points	0.52%	0.04%
Roche Ps Par AG	BDVL +0.46 points	0.52%	0.06%
HasbroHAS	BDVL +0.47 points	0.49%	0.02%
Consolidated EdisonED	BDVL +0.46 points	0.46%	<0.01%
Meta Platforms Class AMETA	BDVL +0.45 points	0.80%	0.35%
Otis WorldwideOTIS	BDVL +0.43 points	0.46%	0.03%
ChubbCB	BDVL +0.42 points	0.58%	0.16%
Bayer AG	BDVL +0.42 points	0.47%	0.05%
Lam ResearchLRCX	BDVL +0.41 points	0.60%	0.19%
VerisignVRSN	BDVL +0.38 points	0.61%	0.23%
FortinetFTNT	BDVL +0.38 points	0.39%	0.01%
Fast Retailing	BDVL +0.38 points	0.47%	0.09%
D R HortonDHI	BDVL +0.38 points	0.38%	<0.01%
Cardinal HealthCAH	BDVL +0.38 points	0.41%	0.03%
Micron TechnologyMU	GEQ +0.37 points	0.09%	0.46%
Marriott International Class AMAR	BDVL +0.36 points	0.37%	0.01%
Amgen IncAMGN	GEQ +0.36 points	0.32%	0.68%
Tractor SupplyTSCO	BDVL +0.36 points	0.37%	<0.01%
S&P GlobalSPGI	BDVL +0.36 points	0.69%	0.33%
FastenalFAST	BDVL +0.33 points	0.39%	0.06%
Kddi	BDVL +0.32 points	0.47%	0.15%
Lockheed MartinLMT	BDVL +0.32 points	0.41%	0.09%
Oreilly Automotive IncORLY	BDVL +0.32 points	0.43%	0.11%
Te Connectivity PLCTEL	BDVL +0.33 points	0.41%	0.08%
Robinhood Markets Class AHOOD	BDVL +0.31 points	0.32%	<0.01%
NucorNUE	BDVL +0.32 points	0.35%	0.03%
Cheniere EnergyLNG	BDVL +0.31 points	0.36%	0.05%
Mckesson CorpMCK	BDVL +0.32 points	0.52%	0.20%
Takeda Pharmaceutical	BDVL +0.31 points	0.37%	0.06%
Nu Holdings Class ANU	BDVL +0.31 points	0.40%	0.09%
Procter & GamblePG	BDVL +0.30 points	0.61%	0.31%
Old Dominion Freight LineODFL	BDVL +0.30 points	0.32%	0.02%
Visa Class AV	BDVL +0.30 points	1.00%	0.70%
MsciMSCI	BDVL +0.29 points	0.62%	0.33%
PepsicoPEP	BDVL +0.28 points	0.38%	0.10%
Siemens Energy N AG	BDVL +0.28 points	0.36%	0.08%
Regeneron PharmaceuticalsREGN	BDVL +0.28 points	0.30%	0.02%
SandiskSNDK	BDVL +0.27 points	0.29%	0.02%
International Business Machines CoIBM	GEQ +0.26 points	0.31%	0.57%
Nestle SA	BDVL +0.26 points	0.31%	0.05%
Trane Technologies PLCTT	BDVL +0.26 points	0.66%	0.40%
Walt DisneyDIS	BDVL +0.26 points	0.44%	0.18%
CienaCIEN	BDVL +0.25 points	0.35%	0.10%
Jd.com Class A	BDVL +0.24 points	0.28%	0.04%
Amazon.com IncAMZN	BDVL +0.24 points	1.33%	1.09%
United RentalsURI	GEQ +0.24 points	0.09%	0.33%
MicrosoftMSFT	GEQ +0.23 points	1.73%	1.96%
Goldman Sachs GroupGS	GEQ +0.22 points	0.33%	0.55%
Lonza Group AG	BDVL +0.22 points	0.28%	0.06%
American Tower ReitAMT	BDVL +0.22 points	0.25%	0.03%
UnitedHealth GroupUNH	BDVL +0.22 points	0.45%	0.23%
Costco Wholesale CorpCOST	BDVL +0.22 points	0.80%	0.58%
AbbVieABBV	GEQ +0.21 points	0.48%	0.69%
PfizerPFE	BDVL +0.21 points	0.30%	0.09%
Hartford Insurance GroupHIG	BDVL +0.21 points	0.24%	0.03%
Cme Group Class ACME	BDVL +0.21 points	0.22%	0.01%
Recruit Holdings Ltd	GEQ +0.20 points	0.04%	0.24%
Iron Mountain IncIRM	BDVL +0.20 points	0.22%	0.02%
HeicoHEI	BDVL +0.20 points	0.20%	<0.01%
Bank of AmericaBAC	GEQ +0.19 points	<0.01%	0.19%
Cisco Systems IncCSCO	BDVL +0.18 points	0.55%	0.37%
ConocophillipsCOP	BDVL +0.18 points	0.38%	0.20%
Estee Lauder Inc Class AEL	BDVL +0.19 points	0.19%	<0.01%
Johnson & JohnsonJNJ	BDVL +0.18 points	0.55%	0.37%
ChevronCVX	BDVL +0.18 points	0.55%	0.37%

All 514 BDVL holdings⁠All GEQ 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 GEQ Cost

Overpaying BDVL vs GEQ

$2,341

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

BDVL 0.39%
$7,898
GEQ 0.27%
$5,557

Amount$10,000

Years30 years

Cost over time

BDVL 0.39%
GEQ 0.27%
Overpaying

Year by year

Year	BDVL	GEQ	Overpaying
10	$705	$491	$214
20	$2,725	$1,907	$818
30	$7,898	$5,557	$2,341

Expense ratio

0.39%BDVL
0.27%GEQ, cheaper

GEQ0.27%BDVL0.39%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

GEQ 5th cheapest of 44 funds

BDVL 9th cheapest of 44 funds

BDVL vs GEQ Dividends

Last 12 months to Nov 2, 2026

Last payment: BDVL $0.22; GEQ $0.17
Ex-dividend: BDVL Jun 15, 2026; GEQ Sep 28, 2026
Paid on: BDVL Jun 18, 2026; GEQ Sep 30, 2026
Frequency: BDVL Twice a year; GEQ Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BDVLTwice a year · 2 paymentsAll BDVL payments⁠

GEQIrregular · 1 paymentAll GEQ payments⁠

BDVL vs GEQ 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 2025GEQ No data
Return per unit of riskSharpe ratio, 3 years: BDVL 0.60since Oct 2025GEQ No data
Worst fallMax drawdown, 5 years: BDVL −7.7%since Sep 2025GEQ No data
Market sensitivityBeta, 5 years: BDVL 0.61GEQ 0.88; Market = 1

BDVL and GEQ in the news

All news⁠

ETF Filings
Cambria files Global EW 4 on the day set for GEX contributions
Oct 2, 2026GEQ

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BDVL vs GEQ

In short

Stated mandate

Why people hold it

Worth knowing

How BDVL and GEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BDVL

Only in GEQ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Cambria files Global EW 4 on the day set for GEX contributions

How BDVL and GEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BDVL

Only in GEQ

Weight gaps