BLES vs EELV: Grades, Fees and Holdings Compared

Inspire Global Hope ETF

BLESCNYSE Arca

Invesco S&P Emerging Markets Low Volatility ETF

EELVBNYSE Arca

Overlap

2.2%by weight

Expense ratio

EELV −0.31pt a year

BLES0.60%EELV0.29%

Avg volume · 30D

EELV 5.3×the volume

BLES10.5KEELV56K

5Y return · a year

BLES +0.6pt

BLES+7.3%EELV+6.7%

BLES vs EELV Performance

Oct 29, 2021 – Oct 30, 2026

+42.4%BLES+38.0%EELV

Expense ratio: BLES 0.60%; EELV 0.29%, better
Fund size: BLES $167M; EELV $386M
1Y total return: BLES +14.9%, better; EELV +8.5%
Yield (12M): BLES 1.86%; EELV 4.40%, better
Holdings: BLES 416; EELV 208
Avg volume (30D): BLES 10.5K sh; EELV 56K sh, better
NAV per share: BLES $48.38; EELV $27.86
52W range

ETF.net Grade

Pillar letters and Scores for BLES, EELV, with each pillar’s weight
Pillar	BLES	EELV
Cost30% weight	D33	A78Higher
Mission25% weight	B65	Not scored
Risk15% weight	A79Higher	B68
Tradability15% weight	D38	C40Higher
Holdings10% weight	A88Higher	B69
Durability5% weight	D38	A70Higher

Rank among Emerging Markets Factor Index funds

How we build Categories ›

Same Category. BLES and EELV are both graded against the same 10 Emerging Markets Factor Index funds, so their Grades compare head to head.

Emerging Markets Factor Index⁠

Category · 10 funds

See all 10 ›

EELV ranks 2nd and BLES 5th of 10 funds in the Emerging Markets Factor Index Category.

Rank 1AEEMViShares MSCI Emerging Markets Min Vol Factor ETFScore 78
Rank 2BEELVInvesco S&P Emerging Markets Low Volatility ETFScore 66
Rank 3BFNDESchwab Fundamental Emerging Markets Large Company Index ETFScore 64
Rank 4BPXHInvesco RAFI Emerging Markets ETFScore 57
Rank 5CBLESInspire Global Hope ETFScore 50
Rank 6CEEMOInvesco S&P Emerging Markets Momentum ETFScore 45

Our read on each fund

ETF.net Research

BLESCInspire Global Hope ETF

EELVBInvesco S&P Emerging Markets Low Volatility ETF

In short

BLES One of the two funds that launched Inspire's lineup in 2017: roughly 400 large caps from the US, developed markets and emerging markets, screened against biblical values and held in equal slices.

EELV EELV hunts the calm corners of emerging markets: roughly 200 of the least volatile stocks in a broad EM universe, chosen by rule rather than by a manager's hunch. Same asset class, deliberately lower-drama construction.

Stated mandate

BLES The Fund seeks to track, before fees and expenses, the performance of the Inspire Global Hope Large Cap Equal Weight Index.

EELV The fund provides exposure to emerging-market stocks selected for low volatility by tracking the S&P BMI Emerging Markets Low Volatility Index.

Why people hold it

BLES Global core in one ticker, with a target mix of 50% US, 40% developed international and 10% emerging markets, equal weighted and rebalanced quarterly.prnewswire.com inspireetf.com
The faith screen is the whole point: holdings need an Inspire Impact Score of zero or better, so whole industries are excluded by rule, not by a manager's mood.inspireetf.com
Equal weighting tilts the portfolio smaller and flatter than a cap-weighted global index, and the quarterly reset trims what has run up.inspireetf.com
Inspire says it gives at least half of its net corporate profits from management fees to ministry projects through its Give50 program.inspireetf.com

EELV At 0.29% a year it undercuts the median fee in its emerging-markets factor cohort (0.44%), and it has run the same low-volatility rulebook since its 2012 launch.
The rule is plain: track the S&P BMI Emerging Markets Low Volatility Index, which screens a broad EM universe on realized volatility. No stock-picker discretion.invesco.com
Roughly 200 holdings means no single name or headline steers the whole portfolio, and distributions land on a quarterly schedule.

Worth knowing

BLES Costs more than the median fund in its peer group, the price of a niche screen and a worldwide portfolio.
Trades lightly next to category heavyweights like EEMV and EELV, so the bid-ask spread is worth a look before placing an order.
Emerging markets are only about a tenth of the target mix, so it sits among EM specialists without being a dedicated EM play.prnewswire.com

EELV It trades lightly next to the category's largest funds, so the spread paid at the trade can matter as much as the 0.29% fee.
A pure volatility screen reshapes the map: sector and country weights can sit far from a standard cap-weighted emerging-markets index.invesco.com
Cheap, but not the cheapest low-vol EM shelf: iShares' EEMV lists a 0.25% fee.

Full BLES profile⁠

Full EELV profile⁠

BLES vs EELV Holdings

How BLES and EELV differ

Overlap by weight

2.2%

Shared holdings make up 4.4% of EELV and 2.2% of BLES.

Level by level

Holdings9 in both2.2%
Countryby domicile8.0%
Sector11 Sectors58.4%
Asset classEquity100%

Sector

Sector weights in BLES and EELV, widest gap first
Sector	More in BLESMore in EELV	BLES	EELV
Financials	EELV +26.9 points	13.4%	40.4%
Technology	BLES +15.3 points	15.5%	0.2%
Industrials	BLES +8.6 points	19.1%	10.5%
Communication	EELV +8.1 points	1.0%	9.1%
Materials	BLES +6.0 points	10.5%	4.5%
Consumer Staples	EELV +5.0 points	4.6%	9.6%
Health Care	BLES +4.3 points	7.8%	3.5%
Real Estate	BLES +4.2 points	6.6%	2.4%
Consumer Discretionary	BLES +1.8 points	6.3%	4.5%
Utilities	EELV +1.6 points	7.5%	9.1%
Energy	BLES +1.5 points	7.7%	6.2%

Country, concentration and asset class

Country by domicile

Country weights in BLES and EELV, widest gap first
Country	More in BLESMore in EELV	BLES	EELV
United States	BLES +50.5 points	50.5%	0.0%
China	EELV +24.6 points	0.2%	24.8%
Malaysia	EELV +16.0 points	0.0%	16.0%
Taiwan	EELV +13.7 points	1.0%	14.7%
Thailand	EELV +10.5 points	0.9%	11.4%
South Africa	EELV +10.3 points	1.6%	11.9%
Brazil	EELV +7.6 points	0.9%	8.5%
Mexico	EELV +6.2 points	0.7%	6.9%
Other countries (27)	BLES +38.3 points	44.1%	5.8%

Outside the US: BLES 79% developed, 21% emerging. EELV 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

BLES3.4%
EELV8.7%

Securities held

BLES402
EELV201

Asset class

BLES: Equity
EELV: Equity

Holdings

Only in BLES393
In both9
Only in EELV192

Only in BLES

393 securities, 97.8% of BLES by weight

Skyworks Solutio0.42%
Genmab A/S0.39%
Glaukos Corp0.37%
Bbh Sweep Vehicle0.37%
Ucb SA0.33%
Roper Technologi0.31%
Bentley System-B0.31%
Icon PLC0.31%
Zscaler Inc0.31%
Wisetech Global0.30%
Procore Technolo0.30%
Wolters Kluwer0.30%
Apa Corp0.30%
Docusign Inc0.30%
Ryder System Inc0.30%
Essilorluxottica0.30%
Check Point Soft0.30%
Manhattan Assoc0.29%
Cboe Global Mark0.29%
Dassault Systeme0.29%
Tyler Technolog0.29%
United Rentals0.29%
Constellation So0.29%
Receivables/Payables0.29%
Masco Corp0.29%
Can Natural Res0.29%
Aker Bp Asa0.29%
London Stock Ex0.29%
Tourmaline Oil C0.28%
Dsv A/S0.28%
First Citizens-A0.28%
Verisk Analyti0.28%
Fair Isaac Corp0.28%
Insulet Corp0.28%
Msci Inc0.28%
Steel Dynamics0.28%
Mongodb Inc0.28%
Centerpoint Ener0.28%
Targa Resources0.28%
Atco Ltd/Canada0.28%
H Lundbeck A/S-A0.28%
Fairfax Finl Hld0.28%
Carlisle Cos Inc0.28%
Givaudan-Reg0.28%
Nisource Inc0.28%
Rollins Inc0.28%
Kinetik Holdings0.28%
Reliance Inc0.28%
Equinor Asa0.28%
Royalty Pharma-A0.28%

Only in EELV

192 securities, 95.1% of EELV by weight

Kuwait Finance House KSCP1.14%
Chunghwa Telecom Co Ltd0.97%
Borouge PLC0.88%
Boubyan Bank KSCP0.87%
Taiwan Mobile Co Ltd0.85%
Tisco Financial Group PCL0.82%
Taiwan Cooperative Financial Holding Co Ltd0.81%
Saudi Telecom Co0.81%
Warba Bank KSCP0.81%
Gulf Bank KSCP0.76%
Tenaga Nasional Bhd0.75%
Chang Hwa Commercial Bank Ltd0.73%
Qatar Fuel QSC0.73%
NEPI Rockcastle NV0.72%
Shanghai Commercial & Savings Bank Ltd/The0.72%
National Bank of Kuwait SAKP0.70%
Saudi Arabian Oil Co0.70%
Al Rayan Bank0.69%
Mobile Telecommunications Co KSCP0.68%
Al Ahli Bank of Kuwait KSCP0.68%
Malayan Banking Bhd0.68%
Uni-President Enterprises Corp0.64%
Bank of Communications Co Ltd0.63%
Bid Corp Ltd0.63%
IOI Corp Bhd0.63%
Adnoc Gas PLC0.61%
RHB Bank Bhd0.61%
Shanghai Pharmaceuticals Holding Co Ltd0.61%
Jarir Marketing Co0.60%
Mega Financial Holding Co Ltd0.60%
Saudi Awwal Bank0.60%
Public Bank Bhd0.60%
AMMB Holdings Bhd0.59%
Remgro Ltd0.58%
SD Guthrie Bhd0.58%
Abu Dhabi National Oil Co for Distribution PJSC0.58%
E.Sun Financial Holding Co Ltd0.58%
Bank of China Ltd0.57%
MISC Bhd0.57%
Kasikornbank PCL0.57%
IHH Healthcare Bhd0.56%
Industrial & Commercial Bank of China Ltd0.56%
Postal Savings Bank of China Co Ltd0.55%
Shoprite Holdings Ltd0.55%
Jiangsu Expressway Co Ltd0.55%
China Merchants Bank Co Ltd0.55%
Far EasTone Telecommunications Co Ltd0.55%
Ptt Pcl0.54%
China Construction Bank Corp0.53%
Komercni Banka AS0.53%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in BLES and EELV, widest gap first
Holding	More in BLESMore in EELV	BLES	EELV
Scb X Pcl-Foreig	EELV +0.43 points	0.24%	0.67%
First Financial	EELV +0.39 points	0.27%	0.66%
President Chain	EELV +0.28 points	0.24%	0.52%
Bb Seguridade Pa	EELV +0.24 points	0.25%	0.49%
Standard Bank Gr	EELV +0.23 points	0.25%	0.48%
Enel Americas SA	EELV +0.21 points	0.23%	0.44%
Pekao	EELV +0.17 points	0.23%	0.40%
Pkobp	EELV +0.17 points	0.23%	0.40%
Eva Airways	EELV +0.15 points	0.24%	0.39%

All BLES holdings⁠All 202 EELV 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.

BLES vs EELV Cost

Overpaying BLES vs EELV

$5,865

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

BLES 0.60%
$11,817
EELV 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

BLES 0.60%
EELV 0.29%
Overpaying

Year by year

Year	BLES	EELV	Overpaying
10	$1,076	$527	$549
20	$4,116	$2,044	$2,072
30	$11,817	$5,952	$5,865

Expense ratio

0.60%BLES
0.29%EELV, cheaper

EELV0.29%BLES0.60%

0.25%0.90%

Middle half of Emerging Markets Factor Index funds
Median 0.44%

EELV 2nd cheapest of 10 funds

BLES 7th cheapest of 10 funds

BLES vs EELV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BLES 1.86%; EELV 4.40%, better
Payout (12M): BLES $0.89; EELV $1.22
Last payment: BLES $0.18; EELV $0.43
Ex-dividend: BLES Sep 25, 2026; EELV Sep 21, 2026
Paid on: BLES Oct 1, 2026; EELV Sep 25, 2026
Frequency: BLES Quarterly; EELV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BLESQuarterly · 39 paymentsAll BLES payments⁠

EELVQuarterly · 39 paymentsAll EELV payments⁠

BLES vs EELV Risk

Fall from peak · 5 years

BLES
EELV

Risk facts

VolatilityStd dev, 3 years: BLES 12.3%EELV 9.2%, better
Return per unit of riskSharpe ratio, 3 years: BLES 1.10, betterEELV 0.92
Worst fallMax drawdown, 5 years: BLES −26.6%EELV −19.0%, better
Market sensitivityBeta, 5 years: BLES 0.88EELV 0.60; Market = 1

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