BDVL vs. GKAT

Last updated Jul 26, 2026

BDVL (iShares Disciplined Volatility Equity Active ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. BDVL is passively managed, while GKAT is actively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. BDVL charges 0.40%/yr vs 0.59%/yr for GKAT.

Performance

BDVL vs. GKAT - Performance Comparison

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

Returns By Period

In the year-to-date period, BDVL achieves a 5.27% return, which is significantly lower than GKAT's 6.11% return.

BDVL

• 1D: 0.54%
• 1M: 0.66%
• 6M: 3.95%
• YTD: 5.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GKAT

• 1D: -0.10%
• 1M: -0.61%
• 6M: 2.49%
• YTD: 6.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDVL iShares Disciplined Volatility Equity Active ETF	$5.99M	$5.31M	$7.17M
GKAT Scharf Global Opportunity ETF	$19.35K	$77.08K	$137.05K

BDVL vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
BDVL iShares Disciplined Volatility Equity Active ETF	5.27%	2.20%
GKAT Scharf Global Opportunity ETF	6.11%	4.27%

Correlation

The correlation between BDVL and GKAT is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.71

Return for Risk

BDVL vs. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Disciplined Volatility Equity Active ETF (BDVL) and Scharf Global Opportunity ETF (GKAT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

BDVL vs. GKAT - Drawdown Comparison

The maximum BDVL drawdown since its inception was -7.71%, smaller than the maximum GKAT drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for BDVL and GKAT.

Drawdown Indicators

	BDVL	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	-10.41%	+2.70%
Current Drawdown Current decline from peak	-1.26%	-4.21%	+2.95%
Average Drawdown Average peak-to-trough decline	-1.15%	-2.25%	+1.10%

Volatility

Volatility by Period

	BDVL	GKAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	12.24%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.47%	12.24%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	12.24%	-2.77%

BDVL vs. GKAT - Expense Ratio Comparison

BDVL has a 0.40% expense ratio, which is lower than GKAT's 0.59% expense ratio.

Dividends

BDVL vs. GKAT - Dividend Comparison

BDVL's dividend yield for the trailing twelve months is around 3.54%, more than GKAT's 0.66% yield.

Position	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	3.54%	2.79%
GKAT Scharf Global Opportunity ETF	0.66%	0.24%

Frequently Asked Questions

Can I hold both BDVL and GKAT in my portfolio?

BDVL and GKAT have a correlation of 0.71, 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 GKAT?

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 GKAT?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.59% for GKAT.

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

BDVL has the higher dividend yield at 3.54%, compared with 0.66% for GKAT.

What is the main difference between BDVL and GKAT?

They also come from different issuers: iShares and Scharf Investments. Their fees differ too: 0.40% for BDVL and 0.59% for GKAT.