BDVL vs TGLB

BDVLAiShares Disciplined Volatility Equity Active ETF

TGLBBT. Rowe Price Global 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.

TGLB T. Rowe Price's stock pickers go global in one ticker: roughly 60 names, actively chosen, priced under the typical active global fund. A 2025 launch, so the track record is still being written.

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.

TGLB The fund seeks income and capital appreciation through an actively managed investment program.

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.

• TGLB Concentrated on purpose. About 60 stocks from around the world means each pick carries real weight, the opposite of a thousand-name index sleeve.
• Costs 0.46% a year, well under the roughly 0.69% median for active global equity ETFs. Cheap active is rarer than it sounds.
• The mandate is income and capital appreciation together, so dividend payers and growth names compete for the same slots rather than one style running the book.

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.

• TGLB Thinly traded with a small asset base. Limit orders matter here more than they do with the household-name global funds.
• Launched in June 2025, so there is little history to judge the manager's calls or how the fund handles a rough market.
• Index-based global rivals cost far less: GSWO at 0.15% and DFAW at 0.24%. You are paying for the stock picking, not the passport.

Full BDVL profile⁠

Full TGLB profile⁠