BDVL vs MNVT

BDVLAiShares Disciplined Volatility Equity Active ETF

MNVTDMoonvest 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.

MNVT Moonvest runs a contrarian global stock mandate written into its prospectus: lean against the crowd instead of hugging the world index. Actively managed, launched in 2026, and priced at 0.75% in a category stocked with cheap index rivals.

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.

MNVT The Fund seeks long-term 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.

• MNVT The contrarian tilt is a stated mandate, not marketing copy. The prospectus defines a global, all-equity strategy aimed at long-term capital appreciation.
• Genuinely global remit. The manager can hunt across markets rather than working inside a US-only fence.
• Plain 1940 Act ETF plumbing: an open-end fund you buy in any brokerage account, with 1099 tax reporting instead of a partnership K-1.

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.

• MNVT At 0.75%, it costs more than the median fund in its global equity group, and broad rivals run far cheaper (GSWO at 0.15%, AVGE at 0.25%). You pay for manager judgment.
• It launched in 2026, so there is little history to judge, and our risk read rests on a short window. It currently sits in the lower half of its active global equity peers.
• Smaller fund, lighter trading. Bid-ask spreads can run wider than the category's giants, which matters most on large or hurried orders.

Full BDVL profile⁠

Full MNVT profile⁠