BDVL vs. PAWZ

Last updated Aug 2, 2026

BDVL (iShares Disciplined Volatility Equity Active ETF) and PAWZ (ProShares Pet Care ETF) are both Global Equities funds - BDVL tracks the MSCI ACWI Minimum Volatility Index while PAWZ tracks the FactSet Pet Care Index. Both are passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BDVL charges 0.40%/yr vs 0.50%/yr for PAWZ.

Performance

BDVL vs. PAWZ - Performance Comparison

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

Returns By Period

In the year-to-date period, BDVL achieves a 6.70% return, which is significantly higher than PAWZ's -7.38% return.

BDVL

• 1D: 0.14%
• 1M: 0.66%
• 6M: 4.88%
• YTD: 6.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PAWZ

• 1D: -0.49%
• 1M: 2.91%
• 6M: -7.90%
• YTD: -7.38%
• 1Y: -6.99%
• 3Y*: -0.25%
• 5Y*: -8.86%
• 10Y*: —
• ALL TIME*: 3.64%

*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	$4.62M	$5.40M	$7.08M
PAWZ ProShares Pet Care ETF	$107.15K	$87.55K	$269.08K

BDVL vs. PAWZ - Yearly Performance Comparison

	2026 (YTD)	2025
BDVL iShares Disciplined Volatility Equity Active ETF	6.70%	2.20%
PAWZ ProShares Pet Care ETF	-7.38%	-2.85%

Correlation

The correlation between BDVL and PAWZ is 0.53, 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	0.53

BDVL vs. PAWZ - Sectors Allocation Comparison

Sectors	BDVL	PAWZ
Technology	26.2%	4.4%
Industrials	15.9%	-
Financial Services	13.5%	4.1%
Healthcare	10.5%	27.1%
Consumer Cyclical	9.2%	17.7%
Communication Services	8.8%	-
Consumer Defensive	5.3%	17.3%
Utilities	4.5%	-
Basic Materials	3.0%	4.2%
Energy	2.2%	-
Real Estate	1.1%	-

Return for Risk

BDVL vs. PAWZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BDVL

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

PAWZ

PAWZ Risk / Return Rank: 6
PAWZ Sharpe Ratio Rank: 5
PAWZ Sortino Ratio Rank: 5
PAWZ Omega Ratio Rank: 5
PAWZ Calmar Ratio Rank: 6
PAWZ Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BDVL vs. PAWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Disciplined Volatility Equity Active ETF (BDVL) and ProShares Pet Care ETF (PAWZ). 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.

	BDVL	PAWZ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.45	—
Sortino ratio: Return per unit of downside risk	—	-0.54	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.37	—
Martin ratio: Return relative to average drawdown	—	-0.73	—

Drawdowns

BDVL vs. PAWZ - Drawdown Comparison

The maximum BDVL drawdown since its inception was -7.71%, smaller than the maximum PAWZ drawdown of -50.07%. Use the drawdown chart below to compare losses from any high point for BDVL and PAWZ.

Drawdown Indicators

	BDVL	PAWZ	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	-50.07%	+42.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.07%	—
Current Drawdown Current decline from peak	0.00%	-38.38%	+38.38%
Average Drawdown Average peak-to-trough decline	-1.13%	-22.92%	+21.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.52%	—

Volatility

Volatility by Period

	BDVL	PAWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	17.26%	-7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.44%	20.35%	-10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.44%	21.62%	-12.18%

BDVL vs. PAWZ - Expense Ratio Comparison

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

Dividends

BDVL vs. PAWZ - Dividend Comparison

BDVL's dividend yield for the trailing twelve months is around 3.49%, more than PAWZ's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BDVL iShares Disciplined Volatility Equity Active ETF	3.49%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAWZ ProShares Pet Care ETF	0.69%	0.81%	0.63%	0.44%	0.54%	0.18%	0.14%	0.35%	0.07%

Frequently Asked Questions

Can I hold both BDVL and PAWZ in my portfolio?

BDVL and PAWZ have a correlation of 0.53, 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 PAWZ?

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 PAWZ?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.50% for PAWZ.

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

BDVL has the higher dividend yield at 3.49%, compared with 0.69% for PAWZ.

What is the main difference between BDVL and PAWZ?

BDVL tracks MSCI ACWI Minimum Volatility Index, while PAWZ tracks FactSet Pet Care Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for BDVL and 0.50% for PAWZ.