BDVL vs XCOR

BDVLAiShares Disciplined Volatility Equity Active ETF

XCORDFundX 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.

XCOR A one-ticker fund of ETFs that rotates toward whichever corner of the world market is leading. It runs the momentum 'Upgrading' discipline its San Francisco adviser has published since the 1970s.

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.

XCOR The Fund seeks long-term capital appreciation without emphasizing income. It is a fund-of-funds that actively rotates among ETFs to pursue current global market leadership, predominantly through diversified equity ETFs.

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.

• XCOR One line item, whole-world equity: it actively rotates among diversified equity ETFs to follow current global market leadership, so the shuffling happens inside the fund.
• Real lineage: it started trading in 2022 as the converted FundX Upgrader Fund, from an adviser that has published its systematic Upgrading approach since 1976.sec.govmykajabi.com
• Diversification is baked in: the mandate points to diversified equity ETFs, making the portfolio a basket of baskets rather than a short list of stock picks.

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.

• XCOR Cost is the big trade-off: 1.15% a year against a 0.69% median for global active equity peers, with rivals like GSWO at 0.15% and AVGE at 0.25%.
• It trades thinly, so spreads can run wider and sizable orders can move the price more than in a heavily traded fund.
• Momentum cuts both ways: the strategy chases leadership after it shows up, so quick reversals leave it repositioning rather than out front.

Full BDVL profile⁠

Full XCOR profile⁠