BDVL vs WSGE

BDVLAiShares Disciplined Volatility Equity Active ETF

WSGEDWarren Street 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.

WSGE A California advisory firm packed its in-house global equity model into one ticker: a broad core of US, developed and emerging-market stocks with factor tilts layered on top, actively managed.

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.

WSGE 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.

• WSGE One ticker for companies of all sizes around the world, with at least three countries represented and at least 30% of assets in foreign securities under normal conditions.etfarchitect.com
• Warren Street Wealth Advisors sub-advises, so the fund runs the same core-allocation-plus-factor-tilt construction the firm builds for its own advisory clients.etfarchitect.comprnewswire.com
• No exotic wrapper: a 1940 Act ETF holding common and preferred stock, depositary receipts and equity ETFs, with at least 80% of net assets in equities.etfarchitect.com

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.

• WSGE 0.80% a year is boutique pricing next to index-built global peers such as GSWO (0.15%), DFAW (0.24%) and AVGE (0.25%).
• Small and thinly traded, so spreads and price impact tend to run wider than in the giant one-fund global portfolios.
• Launched in December 2025 as the firm's first ETF, so the factor tilts have only a short live record behind them.prnewswire.com

Full BDVL profile⁠

Full WSGE profile⁠