BDVL vs JGLO

BDVLAiShares Disciplined Volatility Equity Active ETF

JGLOBJPMorgan Global Select Equity 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.

JGLO An active global stock picker from J.P. Morgan: roughly 80 developed-market large caps, measured against the MSCI World, at a price well under the typical active global fund.

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.

JGLO The fund seeks long-term capital appreciation through a global equity portfolio, primarily investing in large-cap stocks across global developed markets. Its active fundamental process emphasizes attractive valuation, strong free cash flow and sustained earnings growth.

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.

• JGLO Costs 0.47% a year, versus a 0.69% median for active global equity funds. Cheap for a stock-picking mandate.
• Runs about 80 names, so the manager's valuation, free-cash-flow and earnings-growth calls actually show up in the portfolio instead of getting diluted.jpmorgan.com
• A multi-billion-dollar fund with steady daily turnover, which keeps the spread you pay to get in and out modest for an active global product.
• Backed by one of the largest active managers in the business, and rated in the top quartile of its global active equity peer group.

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.

• JGLO Concentration cuts both ways. With about 80 holdings against the MSCI World, returns can drift meaningfully from the benchmark in either direction.
• Index-tracking peers cost far less: GSWO at 0.15% and DFAW at 0.24%. You are paying up for the stock selection.
• Large-cap developed markets are the hunting ground, so emerging markets and small caps are not the focus here. Distributions come annually or semiannually, not monthly.

Full BDVL profile⁠

Full JGLO profile⁠