BDVL vs GEW: Grades, Fees and Holdings Compared

iShares Disciplined Volatility Equity Active ETF

BDVLANasdaq

Cambria Global EW ETF

GEWANasdaq

Overlap

27.1%by weight

Expense ratio

GEW −0.09pt a year

BDVL0.39%GEW0.30%

Avg volume · 30D

BDVL 961.0×the volume

BDVL236KGEW246

BDVL vs GEW Performance

Oct 31, 2025 – Oct 30, 2026

+9.6%BDVL+9.7%GEW

Expense ratio: BDVL 0.39%; GEW 0.30%, better
Fund size: BDVL $1.77B; GEW $141M
1Y total return: BDVL +9.6%; GEW +9.7%, better
Holdings: BDVL 423; GEW 451
Avg volume (30D): BDVL 236K sh, better; GEW 246 sh
NAV per share: BDVL $26.44; GEW $55.45
52W range

ETF.net Grade

Pillar letters and Scores for BDVL, GEW, with each pillar’s weight
Pillar	BDVL	GEW
Cost30% weight	A79	A88Higher
Mission25% weight	Not scored	A91
Risk15% weight	A80Higher	B64
Tradability15% weight	B68Higher	D25
Holdings10% weight	A88Higher	A86
Durability5% weight	A93Higher	B61

Rank among Global Active Equity funds

How we build Categories ›

Same Category. BDVL and GEW 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 GEW 10th of 44 funds in the Global Active Equity Category.

Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
Rank 1ADFAWDimensional World Equity ETFScore 79
Rank 9BYOKEYOKE Core ETFScore 70
Rank 10AGEWCambria Global EW ETFScore 68
Rank 11BCGGECapital Group Global Equity ETFScore 67

Our read on each fund

ETF.net Research

BDVLAiShares Disciplined Volatility Equity Active ETF

GEWACambria Global EW 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.

GEW Global equities without the megacap pile-up. GEW gives roughly 500 of the world's largest companies the same size slot, so no handful of US tech names runs the portfolio. It was born in 2025 out of a Section 351 in-kind exchange.

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.

GEW The Fund aims to achieve capital appreciation.

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.

GEW Equal weight by design: roughly 500 global large caps, each in the same slot. Cap-weighted global funds hand the biggest decisions to whichever megacaps grew biggest.cambriafunds.com
At 0.30% a year, it undercuts the typical active global equity fund, where the median fee sits closer to 0.69%.
It opened in September 2025 through a Section 351 exchange, a route that lets holders of concentrated, low-basis stock move into the fund in kind without triggering immediate capital gains.businesswire.com
The portfolio does what the label says (broad, global, equal-weighted, rebalanced at least annually), and it sits in the top quartile of active global equity funds we grade.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.

GEW Cheaper ways to own the world exist: GSWO runs 0.15% and DFAW 0.24%, both under GEW's 0.30%.
A 2025 launch that trades lightly next to the giant global index funds, so spreads can be wider and the operating record is short.cambriafunds.com
Equal weighting trims winners and leans on the smaller names in the group, which means higher turnover and results that diverge from cap-weighted global benchmarks.businesswire.com cambriafunds.com

Full BDVL profile⁠

Full GEW profile⁠

BDVL vs GEW Holdings

How BDVL and GEW differ

Overlap by weight

27.1%

Shared holdings make up 68.7% of BDVL and 36.1% of GEW.

Level by level

Holdings155 in both27.1%
Countryby domicile81.3%
Asset classEquity100%

Sector

No Sector split for GEW.

Country, concentration and asset class

Country by domicile

Country weights in BDVL and GEW, widest gap first
Country	More in BDVLMore in GEW	BDVL	GEW
United States	BDVL +9.2 points	69.5%	60.3%
Canada	GEW +5.0 points	0.0%	5.0%
United Kingdom	GEW +3.9 points	1.2%	5.1%
India	BDVL +2.7 points	2.8%	0.1%
Taiwan	BDVL +2.7 points	3.5%	0.8%
Australia	GEW +1.9 points	0.0%	1.9%
Netherlands	BDVL +1.5 points	2.6%	1.1%
China	BDVL +1.4 points	5.4%	4.0%
Other countries (26)	GEW +6.7 points	15.0%	21.7%

Outside the US: BDVL 62% developed, 38% emerging. GEW 85% developed, 15% emerging.

Concentration

Weight in the 10 largest Holdings

BDVL17.0%
GEW18.6%

Securities held

BDVL401
GEW449

Asset class

BDVL: Equity
GEW: Equity

Holdings

Only in BDVL246
In both155
Only in GEW294

Only in BDVL

246 securities, 47.2% of BDVL by weight

Taiwan Semiconductor Manufacturing1.11%
Keysight Technologies0.87%
Steris0.67%
Otsuka Corp0.64%
Rwe AG0.62%
Teledyne Technologies0.61%
Softbank0.58%
Dollar General Corp0.58%
Fiserv Inc0.53%
Cboe Global Markets0.52%
Wesco International0.52%
Arch Capital Group0.50%
Hp Inc0.49%
Hasbro0.49%
Kyocera0.49%
American Water Works0.48%
Obic Ltd0.47%
Consolidated Edison0.46%
Heico Class A0.46%
Otis Worldwide0.46%
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%
Nu Holdings Class A0.40%
Incyte Corp0.40%
D R Horton0.38%
Atmos Energy0.38%
Tractor Supply0.37%
Cavco Industries0.36%
United Therapeutics0.36%
Centene Corp0.36%
Ciena0.35%
Hexcel0.35%
Novatek Microelectronics0.33%
Otsuka Holdings0.33%
Chugai Pharmaceutical Ltd0.32%
Infosys0.32%
Old Dominion Freight Line0.32%
Tingyi (Cayman Islands) Holdings0.32%
Singapore Telecommunications Ltd0.32%
Konami Group0.31%
Seagate Technology Holdings PLC0.31%
Ucb SA0.31%
Hindustan Unilever Ltd0.31%
Central Japan Railway0.30%
Cgi Inc Class A0.30%
Hkt Trust and Hkt Units0.30%

Only in GEW

294 securities, 63.8% of GEW by weight

Invesco S&P 500 Low Volatility ETF6.01%
Palo Alto Networks Inc1.59%
First American Government Obligations Fund 12/01/20311.39%
JPMorgan Chase & Co.1.05%
State Street SPDR S&P 500 ETF Trust1.05%
Vanguard Morningstar Total Stock Market ETF1.04%
Invesco Exchange-Traded Fund Trust-Invesco S&P 500r Top 50 ETF1.00%
iShares Core MSCI EAFE ETF0.89%
Constellation Energy Corp0.87%
Vanguard Total International Stock ETF0.80%
Eli Lilly & Co0.80%
Vanguard FTSE Europe ETF0.69%
Alphabet Inc0.63%
iShares Core S&P 500 ETF0.63%
Citigroup Inc0.61%
Schwab International Equity ETF0.60%
Vanguard S&P 500 ETF0.59%
Taiwan Semiconductor Manufacturing Co Ltd0.53%
Philip Morris International Inc0.51%
Vanguard Ftse Developed Etf0.50%
Invesco S&P 500 Equal Weight ETF0.50%
Thermo Fisher Scientific Inc0.45%
Weyerhaeuser Co0.45%
Tapestry Inc0.45%
AES Corp/The0.42%
Amphenol Corp0.41%
iShares Core S&P Mid-Cap ETF0.40%
Atlas Copco AB0.40%
Advantest Corp0.35%
Suncor Energy Inc0.32%
Vanguard FTSE Pacific ETF0.31%
Abbott Laboratories0.31%
Cloudflare Inc0.30%
Canadian Nat Res Ltd0.29%
Oversea-Chinese Banking Corp Ltd0.29%
American Express Co0.29%
Total SE0.29%
Mizuho Financial Group Inc0.29%
Toronto-Dominion Bank/The0.28%
Sumitomo Mitsui Financial Group Inc0.28%
Vanguard FTSE Emerging Markets ETF0.28%
Allstate Corp/The0.28%
Bp PLC0.27%
Union Pacific Corp0.27%
Shell PLC0.27%
Glencore PLC0.27%
Infineon Technologies AG0.27%
Deutsche Boerse AG0.27%
Keyence Corp0.27%
Bank of Nova Scotia/The0.27%

Weight gaps

The 100 widest of 155 Holdings in both funds.

Holding weights in BDVL and GEW, widest gap first
Holding	More in BDVLMore in GEW	BDVL	GEW
Asml Holding	BDVL +1.66 points	1.95%	0.29%
WalmartWMT	GEW +1.58 points	0.43%	2.01%
Mastercard Class AMA	BDVL +1.50 points	1.88%	0.38%
Exxonmobil Holdings CorpXOM	GEW +1.42 points	0.62%	2.04%
Berkshire Hathaway Inc Class BBRK.B	GEW +1.36 points	0.03%	1.39%
ProgressivePGR	BDVL +1.10 points	1.17%	0.07%
SouthernSO	BDVL +1.05 points	1.07%	0.02%
Howmet AerospaceHWM	BDVL +0.89 points	1.02%	0.13%
Coca-ColaKO	BDVL +0.85 points	1.10%	0.25%
Airbus Group	BDVL +0.85 points	1.02%	0.17%
Republic Services IncRSG	BDVL +0.86 points	0.86%	<0.01%
Duke Energy CorpDUK	BDVL +0.84 points	0.86%	0.02%
Travelers CompaniesTRV	BDVL +0.83 points	0.86%	0.03%
MicrosoftMSFT	BDVL +0.80 points	1.73%	0.93%
Deutsche Telekom N AG	BDVL +0.77 points	0.93%	0.16%
AutodeskADSK	BDVL +0.77 points	0.77%	<0.01%
United Parcel Service Inc Class BUPS	BDVL +0.73 points	0.73%	<0.01%
Waste Management IncWM	BDVL +0.72 points	0.80%	0.08%
Vertex PharmaceuticalsVRTX	BDVL +0.67 points	0.76%	0.09%
Occidental Petroleum CorpOXY	BDVL +0.64 points	0.64%	<0.01%
CencoraCOR	BDVL +0.63 points	0.70%	0.07%
AppleAAPL	GEW +0.62 points	0.40%	1.02%
KrogerKR	BDVL +0.60 points	0.61%	<0.01%
Workday Class AWDAY	BDVL +0.60 points	0.60%	<0.01%
Costco Wholesale CorpCOST	BDVL +0.60 points	0.80%	0.20%
Elevance Health IncELV	BDVL +0.57 points	0.66%	0.09%
Amazon.com IncAMZN	BDVL +0.57 points	1.33%	0.76%
Honeywell International IncHON	BDVL +0.56 points	0.66%	0.10%
Roper TechnologiesROP	BDVL +0.56 points	0.56%	<0.01%
Cadence Design SystemsCDNS	BDVL +0.55 points	0.55%	<0.01%
Visa Class AV	BDVL +0.55 points	1.00%	0.45%
Motorola Solutions IncMSI	BDVL +0.55 points	0.79%	0.24%
Monster BeverageMNST	BDVL +0.55 points	0.57%	0.02%
Novartis AG	BDVL +0.54 points	0.77%	0.23%
Alphabet Class CGOOG	BDVL +0.54 points	0.98%	0.44%
NucorNUE	GEW +0.52 points	0.35%	0.87%
Bank of China Ltd H	BDVL +0.52 points	0.78%	0.26%
Meta Platforms Class AMETA	BDVL +0.52 points	0.80%	0.28%
Gilead SciencesGILD	BDVL +0.52 points	0.74%	0.23%
Mckesson CorpMCK	BDVL +0.51 points	0.52%	0.01%
Vertiv Holdings Class AVRT	BDVL +0.50 points	0.73%	0.23%
Rolls-Royce Holdings PLCRR.L	BDVL +0.49 points	0.69%	0.20%
Trane Technologies PLCTT	BDVL +0.48 points	0.66%	0.18%
MsciMSCI	BDVL +0.45 points	0.62%	0.17%
Procter & GamblePG	BDVL +0.43 points	0.61%	0.18%
Intel CorporationINTC	BDVL +0.43 points	0.69%	0.26%
Oreilly Automotive IncORLY	BDVL +0.41 points	0.43%	0.02%
Te Connectivity PLCTEL	BDVL +0.41 points	0.41%	<0.01%
S&P GlobalSPGI	BDVL +0.41 points	0.69%	0.28%
Recruit Holdings Ltd	GEW +0.39 points	0.04%	0.43%
Lam ResearchLRCX	BDVL +0.39 points	0.60%	0.21%
VerisignVRSN	BDVL +0.38 points	0.61%	0.23%
FastenalFAST	BDVL +0.36 points	0.39%	0.03%
FortinetFTNT	BDVL +0.34 points	0.39%	0.05%
Marriott International Class AMAR	BDVL +0.34 points	0.37%	0.03%
Bank of AmericaBAC	GEW +0.34 points	<0.01%	0.34%
Sap	BDVL +0.33 points	0.49%	0.16%
ChubbCB	BDVL +0.32 points	0.58%	0.26%
ConocophillipsCOP	BDVL +0.32 points	0.38%	0.06%
Micron TechnologyMU	GEW +0.30 points	0.09%	0.39%
Cheniere EnergyLNG	BDVL +0.30 points	0.36%	0.06%
Automatic Data Processing IncADP	BDVL +0.30 points	0.33%	0.03%
Cisco Systems IncCSCO	BDVL +0.29 points	0.55%	0.26%
Regeneron PharmaceuticalsREGN	BDVL +0.30 points	0.30%	<0.01%
Royal Bank of Canada	BDVL +0.28 points	0.54%	0.26%
SalesforceCRM	BDVL +0.28 points	0.90%	0.62%
Kddi	BDVL +0.28 points	0.47%	0.19%
Roche Ps Par AG	BDVL +0.26 points	0.52%	0.26%
Bayer AG	BDVL +0.26 points	0.47%	0.21%
Parker-HannifinPH	BDVL +0.26 points	0.28%	0.02%
PfizerPFE	GEW +0.24 points	0.30%	0.54%
Walt DisneyDIS	BDVL +0.25 points	0.44%	0.19%
Johnson & JohnsonJNJ	BDVL +0.24 points	0.55%	0.31%
Fast Retailing	BDVL +0.23 points	0.47%	0.24%
Home DepotHD	BDVL +0.21 points	0.42%	0.21%
ChevronCVX	BDVL +0.22 points	0.55%	0.33%
Cme Group Class ACME	BDVL +0.22 points	0.22%	<0.01%
Lockheed MartinLMT	BDVL +0.21 points	0.41%	0.20%
PepsicoPEP	BDVL +0.20 points	0.38%	0.18%
Intuitive SurgicalISRG	BDVL +0.19 points	0.32%	0.13%
Tokyo Electron	GEW +0.18 points	0.10%	0.28%
Illinois Tool IncITW	BDVL +0.18 points	0.19%	<0.01%
Cardinal HealthCAH	BDVL +0.18 points	0.41%	0.23%
UnitedHealth GroupUNH	BDVL +0.18 points	0.45%	0.27%
International Business Machines CoIBM	GEW +0.17 points	0.31%	0.48%
Merck	GEW +0.17 points	0.07%	0.24%
Broadcom IncAVGO	BDVL +0.16 points	0.92%	0.76%
Doordash Class ADASH	BDVL +0.16 points	0.16%	<0.01%
Arista NetworksANET	GEW +0.16 points	0.06%	0.22%
Advanced Micro DevicesAMD	BDVL +0.16 points	0.54%	0.38%
MarshMRSH	BDVL +0.16 points	0.29%	0.13%
Transdigm GroupTDG	BDVL +0.16 points	0.25%	0.09%
Standard Chartered PLCSTAN.L	GEW +0.16 points	0.08%	0.24%
Ge VernovaGEV	GEW +0.15 points	0.08%	0.23%
Siemens Energy N AG	BDVL +0.15 points	0.36%	0.21%
Goldman Sachs GroupGS	BDVL +0.15 points	0.33%	0.18%
Robinhood Markets Class AHOOD	BDVL +0.14 points	0.32%	0.18%
CorningGLW	BDVL +0.14 points	0.16%	0.02%
Norfolk Southern CorpNSC	BDVL +0.14 points	0.21%	0.07%
Bank of New York Mellon CorpBNY	BDVL +0.13 points	0.14%	<0.01%

All 514 BDVL holdings⁠All 450 GEW 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 GEW Cost

Overpaying BDVL vs GEW

$1,749

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

BDVL 0.39%
$7,898
GEW 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

BDVL 0.39%
GEW 0.30%
Overpaying

Year by year

Year	BDVL	GEW	Overpaying
10	$705	$545	$160
20	$2,725	$2,113	$612
30	$7,898	$6,149	$1,749

Expense ratio

0.39%BDVL
0.30%GEW, cheaper

GEW0.30%BDVL0.39%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

GEW 6th cheapest of 44 funds

BDVL 9th cheapest of 44 funds

BDVL vs GEW Dividends

Last 12 months to Oct 30, 2026

Last payment: BDVL $0.22; GEW $0.18
Ex-dividend: BDVL Jun 15, 2026; GEW Sep 28, 2026
Paid on: BDVL Jun 18, 2026; GEW Sep 30, 2026
Frequency: BDVL Twice a year; GEW Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

BDVLTwice a year · 2 paymentsAll BDVL payments⁠

GEWQuarterly · 4 paymentsAll GEW payments⁠

BDVL vs GEW 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 2025GEW 10.2%since Oct 2025
Return per unit of riskSharpe ratio, 3 years: BDVL 0.60since Oct 2025GEW 0.64since Oct 2025
Worst fallMax drawdown, 5 years: BDVL −7.7%since Sep 2025GEW −8.1%since Sep 2025
Market sensitivityBeta, 5 years: BDVL 0.61GEW 0.72; Market = 1

BDVL and GEW in the news

All news⁠

ETF Filings
Cambria files Global EW 4 on the day set for GEX contributions
Oct 2, 2026GEW
First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
Sep 25, 2026GEW

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BDVL vs GEW

In short

Stated mandate

Why people hold it

Worth knowing

How BDVL and GEW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BDVL

Only in GEW

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

Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share

How BDVL and GEW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BDVL

Only in GEW

Weight gaps