BDVL vs. AVTM

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Disciplined Volatility Equity Active ETF (BDVL) and Avantis Total Equity Markets ETF (AVTM).

BDVL and AVTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDVL is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Minimum Volatility Index. It was launched on Sep 12, 2025. AVTM is an actively managed fund by Avantis. It was launched on Jan 30, 2026.

Performance

BDVL vs. AVTM - Performance Comparison

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

BDVL vs. AVTM - Yearly Performance Comparison

	2026 (YTD)
BDVL iShares Disciplined Volatility Equity Active ETF	-2.80%
AVTM Avantis Total Equity Markets ETF	-5.74%

Returns By Period

BDVL

• 1D: 2.08%
• 1M: -5.45%
• YTD: -0.63%
• 6M: 1.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVTM

• 1D: 2.99%
• 1M: -5.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BDVL vs. AVTM - Expense Ratio Comparison

BDVL has a 0.40% expense ratio, which is higher than AVTM's 0.22% expense ratio.

BDVL

iShares Disciplined Volatility Equity Active ETF

AVTM

Avantis Total Equity Markets ETF

Return for Risk

BDVL vs. AVTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Disciplined Volatility Equity Active ETF (BDVL) and Avantis Total Equity Markets ETF (AVTM). 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	AVTM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-1.71	+1.97

Correlation

The correlation between BDVL and AVTM is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BDVL vs. AVTM - Dividend Comparison

BDVL's dividend yield for the trailing twelve months is around 2.81%, more than AVTM's 0.09% yield.

	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	2.81%	2.79%
AVTM Avantis Total Equity Markets ETF	0.09%	0.00%

Drawdowns

BDVL vs. AVTM - Drawdown Comparison

The maximum BDVL drawdown since its inception was -7.71%, smaller than the maximum AVTM drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for BDVL and AVTM.

Drawdown Indicators

	BDVL	AVTM	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	-9.21%	+1.50%
Current Drawdown Current decline from peak	-5.45%	-6.49%	+1.04%
Average Drawdown Average peak-to-trough decline	-1.17%	-3.31%	+2.14%

Volatility

Volatility by Period

	BDVL	AVTM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	18.46%	-9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.29%	18.46%	-9.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	18.46%	-9.17%