AVGE vs. BDVL

Last updated Jun 6, 2026

AVGE (Avantis All Equity Markets ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. AVGE is actively managed, while BDVL is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. AVGE charges 0.23%/yr vs 0.40%/yr for BDVL.

Performance

AVGE vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets ETF (AVGE) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGE achieves a 13.09% return, which is significantly higher than BDVL's 5.11% return.

AVGE

• 1D: -2.63%
• 1M: -0.61%
• YTD: 13.09%
• 6M: 13.81%
• 1Y: 31.15%
• 3Y*: 20.53%
• 5Y*: —
• 10Y*: —

BDVL

• 1D: 0.38%
• 1M: 0.49%
• YTD: 5.11%
• 6M: 5.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGE vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
AVGE Avantis All Equity Markets ETF	13.09%	4.36%
BDVL iShares Disciplined Volatility Equity Active ETF	5.11%	1.97%

Correlation

The correlation between AVGE and BDVL is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.83

AVGE vs. BDVL - Sectors Allocation Comparison

Sectors	AVGE	BDVL
Technology	19.1%	23.0%
Financial Services	18.0%	13.9%
Industrials	13.7%	15.4%
Consumer Cyclical	11.9%	8.5%
Energy	8.8%	2.8%
Communication Services	6.9%	10.7%
Healthcare	6.0%	11.1%
Basic Materials	5.3%	2.6%
Consumer Defensive	4.7%	6.3%
Real Estate	3.5%	1.0%
Utilities	2.1%	4.8%

Return for Risk

AVGE vs. BDVL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVGE

AVGE Risk / Return Rank: 77
AVGE Sharpe Ratio Rank: 78
AVGE Sortino Ratio Rank: 77
AVGE Omega Ratio Rank: 77
AVGE Calmar Ratio Rank: 74
AVGE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGE vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets ETF (AVGE) and iShares Disciplined Volatility Equity Active ETF (BDVL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AVGE	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.64	—	—
Martin ratio: Return relative to average drawdown	15.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AVGE	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	1.07	+0.36

Drawdowns

AVGE vs. BDVL - Drawdown Comparison

The maximum AVGE drawdown since its inception was -17.13%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for AVGE and BDVL.

Drawdown Indicators

	AVGE	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-7.71%	-9.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	—	—
Current Drawdown Current decline from peak	-2.72%	-0.57%	-2.15%
Average Drawdown Average peak-to-trough decline	-2.41%	-1.19%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	AVGE	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	9.47%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	9.47%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.25%	9.47%	+5.78%

AVGE vs. BDVL - Expense Ratio Comparison

AVGE has a 0.23% expense ratio, which is lower than BDVL's 0.40% expense ratio.

Dividends

AVGE vs. BDVL - Dividend Comparison

AVGE's dividend yield for the trailing twelve months is around 1.65%, less than BDVL's 2.65% yield.

Position	TTM	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	1.65%	1.67%	1.92%	1.93%	0.74%
BDVL iShares Disciplined Volatility Equity Active ETF	2.65%	2.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGE and BDVL in my portfolio?

AVGE and BDVL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGE or BDVL?

On fees, AVGE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGE or BDVL?

AVGE is cheaper with a 0.23% expense ratio, compared with 0.40% for BDVL.

Which ETF pays a higher dividend yield, AVGE or BDVL?

BDVL has the higher dividend yield at 2.65%, compared with 1.65% for AVGE.

What is the main difference between AVGE and BDVL?

They also come from different issuers: Avantis and iShares. Their fees differ too: 0.23% for AVGE and 0.40% for BDVL.