BDVL vs. ACTV

Last updated Jun 4, 2026

BDVL (iShares Disciplined Volatility Equity Active ETF) and ACTV (LeaderShares Activist Leaders ETF) are both Global Equities funds. BDVL is passively managed, while ACTV is actively managed. At a 0.19 correlation, their price movements are largely independent. BDVL charges 0.40%/yr vs 0.75%/yr for ACTV.

Performance

BDVL vs. ACTV - Performance Comparison

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

Returns By Period

BDVL

• 1D: -0.44%
• 1M: 0.91%
• YTD: 4.71%
• 6M: 5.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACTV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BDVL vs. ACTV - Yearly Performance Comparison

	2026 (YTD)	2025
BDVL iShares Disciplined Volatility Equity Active ETF	4.71%	1.97%
ACTV LeaderShares Activist Leaders ETF	0.00%	0.08%

Correlation

The correlation between BDVL and ACTV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.19

BDVL vs. ACTV - Sectors Allocation Comparison

Sectors	BDVL	ACTV
Technology	23.0%	30.1%
Industrials	15.4%	6.6%
Financial Services	13.9%	98.5%
Healthcare	11.1%	7.1%
Communication Services	10.7%	12.3%
Consumer Cyclical	8.5%	12.0%
Consumer Defensive	6.3%	6.8%
Utilities	4.8%	3.0%
Energy	2.8%	2.1%
Basic Materials	2.6%	1.2%
Real Estate	1.0%	9.3%

Return for Risk

BDVL vs. ACTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Disciplined Volatility Equity Active ETF (BDVL) and LeaderShares Activist Leaders ETF (ACTV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BDVL	ACTV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	—	—

Drawdowns

Drawdown Indicators

	BDVL	ACTV	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	—	—
Current Drawdown Current decline from peak	-0.95%	—	—
Average Drawdown Average peak-to-trough decline	-1.19%	—	—

Volatility

Volatility by Period

	BDVL	ACTV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.49%	—	—

BDVL vs. ACTV - Expense Ratio Comparison

BDVL has a 0.40% expense ratio, which is lower than ACTV's 0.75% expense ratio.

Dividends

BDVL vs. ACTV - Dividend Comparison

BDVL's dividend yield for the trailing twelve months is around 2.66%, more than ACTV's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACTV LeaderShares Activist Leaders ETF	1.28%	1.28%	0.80%	1.18%	0.28%	7.63%	0.11%
BDVL iShares Disciplined Volatility Equity Active ETF	2.66%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDVL and ACTV in my portfolio?

BDVL and ACTV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BDVL or ACTV?

On fees, BDVL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDVL or ACTV?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.75% for ACTV.

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

BDVL has the higher dividend yield at 2.66%, compared with 1.28% for ACTV.

What is the main difference between BDVL and ACTV?

They also come from different issuers: iShares and Redwood. Their fees differ too: 0.40% for BDVL and 0.75% for ACTV.