BDVL vs SROI

BDVLAiShares Disciplined Volatility Equity Active ETF

SROIDCalamos Antetokounmpo Global Sustainable Equities 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.

SROI Calamos put the Antetokounmpo name on a global stock fund: active, growth-leaning, reaching from developed markets to frontier ones, screened by the firm's own ESG rating system. A branded label over a real stock-picker's mandate.

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.

SROI 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.

• SROI Global by contract, not by accident: developed, emerging and frontier markets including the US, with a normal minimum in non-US equities and holdings across at least five countries.
• Active growth stock picking filtered through Calamos's proprietary ESG rating system rather than a licensed third-party index screen.
• Roughly 120 names: broad enough to blunt single-stock drama, tight enough that the manager's picks actually move the portfolio.

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.

• SROI The 0.95% fee runs above the typical global active equity fund, and systematic rivals like GSWO (0.15%) and AVGE (0.25%) set a very low bar on cost.
• A small fund that trades lightly, so spreads can run wider than in the giant global ETFs and sizeable orders need more care at the point of execution.
• Live since 2023, and the sustainability scoring is in-house, so there is less public track record and less published methodology detail than an index product offers.

Full BDVL profile⁠

Full SROI profile⁠