BDVL vs. NERD

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Disciplined Volatility Equity Active ETF (BDVL) and Roundhill Video Games ETF (NERD).

BDVL and NERD 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. NERD is an actively managed fund by Roundhill Investments. It was launched on Jun 4, 2019.

Performance

BDVL vs. NERD - Performance Comparison

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

BDVL vs. NERD - Yearly Performance Comparison

	2026 (YTD)	2025
BDVL iShares Disciplined Volatility Equity Active ETF	-0.63%	1.97%
NERD Roundhill Video Games ETF	-13.51%	-15.45%

Returns By Period

In the year-to-date period, BDVL achieves a -0.63% return, which is significantly higher than NERD's -13.51% return.

BDVL

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

NERD

• 1D: 3.37%
• 1M: -3.99%
• YTD: -13.51%
• 6M: -24.97%
• 1Y: 2.65%
• 3Y*: 12.82%
• 5Y*: -7.75%
• 10Y*: —

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

BDVL vs. NERD - Expense Ratio Comparison

BDVL has a 0.40% expense ratio, which is lower than NERD's 0.50% expense ratio.

NERD

Roundhill Video Games ETF

BDVL

iShares Disciplined Volatility Equity Active ETF

Return for Risk

BDVL vs. NERD — Risk / Return Rank

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

NERD

NERD Risk / Return Rank: 14
NERD Sharpe Ratio Rank: 15
NERD Sortino Ratio Rank: 16
NERD Omega Ratio Rank: 15
NERD Calmar Ratio Rank: 12
NERD Martin Ratio Rank: 12

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. NERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Disciplined Volatility Equity Active ETF (BDVL) and Roundhill Video Games ETF (NERD). 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	NERD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.22	+0.04

Correlation

The correlation between BDVL and NERD is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BDVL vs. NERD - Dividend Comparison

BDVL's dividend yield for the trailing twelve months is around 2.81%, more than NERD's 0.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
BDVL iShares Disciplined Volatility Equity Active ETF	2.81%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NERD Roundhill Video Games ETF	0.73%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%

Drawdowns

BDVL vs. NERD - Drawdown Comparison

The maximum BDVL drawdown since its inception was -7.71%, smaller than the maximum NERD drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for BDVL and NERD.

Drawdown Indicators

	BDVL	NERD	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	-65.58%	+57.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-60.29%	—
Current Drawdown Current decline from peak	-5.45%	-43.90%	+38.45%
Average Drawdown Average peak-to-trough decline	-1.17%	-35.69%	+34.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.39%	—

Volatility

Volatility by Period

	BDVL	NERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	22.85%	-13.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.29%	24.66%	-15.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	25.71%	-16.42%