BDVL vs. GSWO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Disciplined Volatility Equity Active ETF (BDVL) and Goldman Sachs ActiveBeta World Equity ETF (GSWO).

BDVL and GSWO 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. GSWO is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. It was launched on Mar 15, 2022. Both BDVL and GSWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BDVL vs. GSWO - Performance Comparison

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

BDVL vs. GSWO - Yearly Performance Comparison

	2026 (YTD)	2025
BDVL iShares Disciplined Volatility Equity Active ETF	-0.63%	1.97%
GSWO Goldman Sachs ActiveBeta World Equity ETF	-2.17%	2.20%

Returns By Period

In the year-to-date period, BDVL achieves a -0.63% return, which is significantly higher than GSWO's -2.17% return.

BDVL

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

GSWO

• 1D: 2.87%
• 1M: -5.76%
• YTD: -2.17%
• 6M: -0.46%
• 1Y: 11.32%
• 3Y*: 14.53%
• 5Y*: —
• 10Y*: —

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

BDVL vs. GSWO - Expense Ratio Comparison

BDVL has a 0.40% expense ratio, which is higher than GSWO's 0.25% expense ratio.

BDVL

iShares Disciplined Volatility Equity Active ETF

GSWO

Goldman Sachs ActiveBeta World Equity ETF

Return for Risk

BDVL vs. GSWO — Risk / Return Rank

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

GSWO

GSWO Risk / Return Rank: 48
GSWO Sharpe Ratio Rank: 45
GSWO Sortino Ratio Rank: 44
GSWO Omega Ratio Rank: 47
GSWO Calmar Ratio Rank: 48
GSWO Martin Ratio Rank: 56

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.

BDVL vs. GSWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Disciplined Volatility Equity Active ETF (BDVL) and Goldman Sachs ActiveBeta World Equity ETF (GSWO). 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	GSWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.77	-0.50

Correlation

The correlation between BDVL and GSWO is 0.89, 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. GSWO - Dividend Comparison

BDVL's dividend yield for the trailing twelve months is around 2.81%, more than GSWO's 1.83% yield.

	TTM	2025	2024	2023	2022
BDVL iShares Disciplined Volatility Equity Active ETF	2.81%	2.79%	0.00%	0.00%	0.00%
GSWO Goldman Sachs ActiveBeta World Equity ETF	1.83%	1.74%	1.75%	2.06%	1.73%

Drawdowns

BDVL vs. GSWO - Drawdown Comparison

The maximum BDVL drawdown since its inception was -7.71%, smaller than the maximum GSWO drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for BDVL and GSWO.

Drawdown Indicators

	BDVL	GSWO	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	-17.77%	+10.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.50%	—
Current Drawdown Current decline from peak	-5.45%	-6.31%	+0.86%
Average Drawdown Average peak-to-trough decline	-1.17%	-3.35%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	BDVL	GSWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	13.60%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.29%	12.98%	-3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	12.98%	-3.69%