BDVL vs SAMT: Grades, Fees and Holdings Compared

iShares Disciplined Volatility Equity Active ETF

BDVLANasdaq

Strategas Macro Thematic Opportunities ETF

SAMTBNYSE Arca

Overlap

8.6%by weight

Expense ratio

BDVL −0.27pt a year

BDVL0.39%SAMT0.66%

Avg volume · 30D

BDVL 1.6×the volume

BDVL236KSAMT150K

BDVL vs SAMT Performance

Oct 31, 2025 – Oct 30, 2026

+9.6%BDVL+8.8%SAMT

Expense ratio: BDVL 0.39%, better; SAMT 0.66%
Fund size: BDVL $1.77B; SAMT $794M
1Y total return: BDVL +9.6%, better; SAMT +8.8%
Yield (12M): BDVL No data; SAMT 0.66%
Holdings: BDVL 423; SAMT 29
Avg volume (30D): BDVL 236K sh, better; SAMT 150K sh
NAV per share: BDVL $26.44; SAMT $41.55
52W range

ETF.net Grade

Pillar letters and Scores for BDVL, SAMT, with each pillar’s weight
Pillar	BDVL	SAMT
Cost30% weight	A79Higher	B55
Mission25% weight	Not scored	Not scored
Risk15% weight	A80Higher	C40
Tradability15% weight	B68	A84Higher
Holdings10% weight	A88Higher	C53
Durability5% weight	A93Higher	A71

Rank among Global Active Equity funds

How we build Categories ›

Same Category. BDVL and SAMT 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 SAMT 17th 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 15BAVOSAvos Global Equities ETFScore 59
Rank 17BSAMTStrategas Macro Thematic Opportunities ETFScore 58
Rank 18BTGLBT. Rowe Price Global Equity ETFScore 56

Our read on each fund

ETF.net Research

BDVLAiShares Disciplined Volatility Equity Active ETF

SAMTBStrategas Macro Thematic Opportunities 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.

SAMT Most thematic ETFs are one-trick: one theme, forever. SAMT runs three to five macro themes at once and rotates them as the cycle turns, steered by Strategas, the macro research shop behind it. Flat 0.66%, no waiver.

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.

SAMT The Fund seeks long-term capital appreciation through active investment principally in U.S. common stocks associated with three to five macro-thematic trends. The Adviser uses technical, fundamental, qualitative, and quantitative analysis and may adjust the portfolio as trends change.

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.

SAMT Single-theme funds live or die by one idea. SAMT holds three to five macro themes at a time and rotates them as trends change, so no single story carries the portfolio.strategasetfs.com
The calls come from Strategas' own macro research desk, an institutional strategy firm operating since 2006 and now part of Baird, not an outside index provider.strategasetfs.com linkedin.com
Roughly 50 US-listed stocks across the cap spectrum, so a theme can be played through mid and small caps, not just the usual mega-cap proxies.strategasetfs.com
Among the easier funds in its peer group to get in and out of, which matters for a strategy that reshuffles as themes rotate.

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.

SAMT At 0.66% the fee sits near the norm for active global equity funds, but broad-index rivals like AVTM (0.22%) and AVGE (0.23%) cost far less.
Concentration cuts both ways: with roughly 50 names in a handful of themes, a trend that stalls can weigh on the whole fund. The prospectus flags this risk by name.strategasetfs.com
No index to check the manager against. Holdings reflect the team's conviction calls, and the live record only starts at the January 2022 launch.

Full BDVL profile⁠

Full SAMT profile⁠

BDVL vs SAMT Holdings

How BDVL and SAMT differ

Overlap by weight

8.6%

Shared holdings make up 39.0% of SAMT and 8.6% of BDVL.

Level by level

Holdings14 in both8.6%
Countryby domicile69.5%
Sector11 Sectors82.3%
Asset classEquity100%

Sector

Sector weights in BDVL and SAMT, widest gap first
Sector	More in BDVLMore in SAMT	BDVL	SAMT
Consumer Staples	SAMT +7.0 points	6.4%	13.4%
Financials	BDVL +6.1 points	15.4%	9.3%
Technology	BDVL +3.0 points	28.6%	25.6%
Real Estate	SAMT +3.0 points	0.0%	3.0%
Energy	SAMT +2.8 points	4.1%	6.9%
Health Care	SAMT +2.8 points	13.6%	16.4%
Communication	BDVL +2.6 points	7.0%	4.4%
Industrials	BDVL +2.4 points	15.3%	12.9%
Materials	SAMT +2.2 points	0.4%	2.6%
Utilities	BDVL +2.1 points	4.5%	2.4%
Consumer Discretionary	BDVL +1.4 points	4.6%	3.2%

Country, concentration and asset class

Country by domicile

Country weights in BDVL and SAMT, widest gap first
Country	More in BDVLMore in SAMT	BDVL	SAMT
United States	SAMT +30.5 points	69.5%	100.0%
Japan	BDVL +8.1 points	8.1%	0.0%
China	BDVL +5.4 points	5.4%	0.0%
Taiwan	BDVL +3.5 points	3.5%	0.0%
India	BDVL +2.8 points	2.8%	0.0%
Germany	BDVL +2.8 points	2.8%	0.0%
Netherlands	BDVL +2.6 points	2.6%	0.0%
Switzerland	BDVL +2.2 points	2.2%	0.0%
Other countries (2)	BDVL +3.1 points	3.1%	0.0%

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

Concentration

Weight in the 10 largest Holdings

BDVL17.0%
SAMT53.8%

Securities held

BDVL401
SAMT28

Asset class

BDVL: Equity
SAMT: Equity

Holdings

Only in BDVL387
In both14
Only in SAMT14

Only in BDVL

387 securities, 100% of BDVL by weight

Asml Holding1.95%
Mastercard Class A1.88%
Amazon.com Inc1.33%
Progressive1.17%
Taiwan Semiconductor Manufacturing1.11%
Southern1.07%
Airbus Group1.02%
Howmet Aerospace1.02%
Alphabet Class C0.98%
Deutsche Telekom N AG0.93%
Broadcom Inc0.92%
Salesforce0.90%
Keysight Technologies0.87%
Travelers Companies0.86%
Republic Services Inc0.86%
Duke Energy Corp0.86%
Waste Management Inc0.80%
Costco Wholesale Corp0.80%
Motorola Solutions Inc0.79%
Bank of China Ltd H0.78%
Novartis AG0.77%
Autodesk0.77%
Vertex Pharmaceuticals0.76%
Gilead Sciences0.74%
Vertiv Holdings Class A0.73%
United Parcel Service Inc Class B0.73%
Northrop Grumman Corp0.72%
Cencora0.70%
Rolls-Royce Holdings PLC0.69%
Intel Corporation0.69%
S&P Global0.69%
NVIDIA0.68%
Steris0.67%
Elevance Health Inc0.66%
Honeywell International Inc0.66%
Trane Technologies PLC0.66%
Otsuka Corp0.64%
Occidental Petroleum Corp0.64%
Rwe AG0.62%
Exxonmobil Holdings Corp0.62%
Msci0.62%
Procter & Gamble0.61%
Verisign0.61%
Teledyne Technologies0.61%
Kroger0.61%
Lam Research0.60%
Workday Class A0.60%
Chubb0.58%
Softbank0.58%
Dollar General Corp0.58%

Only in SAMT

14 securities, 35.1% of SAMT by weight

Phillips 663.25%
Eli Lilly & Co3.17%
Zscaler Inc2.94%
Target Corp2.86%
Philip Morris International2.74%
Analog Devices Inc2.63%
Viking Holdings Ltd2.54%
Eaton Corp PLC2.53%
Nasdaq Inc2.52%
Deere & Co2.40%
JPMorgan Chase & Co2.19%
Entergy Corp2.14%
Marvell Technology Inc2.14%
Atlanta Braves Holdings In-C1.07%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in BDVL and SAMT, widest gap first
Holding	More in BDVLMore in SAMT	BDVL	SAMT
AbbVieABBV	SAMT +2.96 points	0.48%	3.44%
Crowdstrike Holdings Class ACRWD	SAMT +2.72 points	0.13%	2.85%
Palantir Technologies Class APLTR	SAMT +2.60 points	0.24%	2.84%
ChevronCVX	SAMT +2.48 points	0.55%	3.03%
Archer Daniels MidlandADM	SAMT +2.39 points	0.27%	2.66%
Visa Class AV	SAMT +2.37 points	1.00%	3.37%
Advanced Micro DevicesAMD	SAMT +2.30 points	0.54%	2.84%
Johnson & JohnsonJNJ	SAMT +2.15 points	0.55%	2.70%
AppleAAPL	SAMT +2.12 points	0.40%	2.52%
WalmartWMT	SAMT +2.12 points	0.43%	2.55%
Cardinal HealthCAH	SAMT +2.08 points	0.41%	2.49%
Coca-ColaKO	SAMT +1.88 points	1.10%	2.98%
Meta Platforms Class AMETA	SAMT +1.66 points	0.80%	2.46%
MicrosoftMSFT	SAMT +0.55 points	1.73%	2.28%

All 514 BDVL holdings⁠All 52 SAMT 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 SAMT Cost

Overpaying SAMT vs BDVL

$4,998

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

BDVL 0.39%
$7,898
SAMT 0.66%
$12,896

Amount$10,000

Years30 years

Cost over time

BDVL 0.39%
SAMT 0.66%
Overpaying

Year by year

Year	BDVL	SAMT	Overpaying
10	$705	$1,180	$475
20	$2,725	$4,504	$1,779
30	$7,898	$12,896	$4,998

Expense ratio

0.39%BDVL, cheaper
0.66%SAMT

BDVL0.39%SAMT0.66%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

BDVL 9th cheapest of 44 funds

SAMT 21st cheapest of 44 funds

BDVL vs SAMT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BDVL No data; SAMT 0.66%
Payout (12M): BDVL No data; SAMT $0.27
Last payment: BDVL $0.22; SAMT $0.27
Ex-dividend: BDVL Jun 15, 2026; SAMT Dec 30, 2025
Paid on: BDVL Jun 18, 2026; SAMT Jan 7, 2026
Frequency: BDVL Twice a year; SAMT Annual

Distribution history

Per share, 2022 to 2026, same scale for both

BDVLTwice a year · 2 paymentsAll BDVL payments⁠

SAMTAnnual · 4 paymentsAll SAMT payments⁠

BDVL vs SAMT 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 2025SAMT 15.3%
Return per unit of riskSharpe ratio, 3 years: BDVL 0.60since Oct 2025SAMT 1.22
Worst fallMax drawdown, 5 years: BDVL −7.7%since Sep 2025SAMT −20.6%since Jan 2022
Market sensitivityBeta, 5 years: BDVL 0.61SAMT 0.85; Market = 1

BDVL and SAMT in the news

All news⁠

ETF Filings
Exchange Listed Funds Trust files a draft SameSide ETF that can leave stocks entirely
Oct 9, 2026SAMT

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BDVL vs SAMT

In short

Stated mandate

Why people hold it

Worth knowing

How BDVL and SAMT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BDVL

Only in SAMT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Exchange Listed Funds Trust files a draft SameSide ETF that can leave stocks entirely

How BDVL and SAMT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BDVL

Only in SAMT

Weight gaps