BLDX vs. BDVL

Last updated Jul 28, 2026

BLDX (Impax Global Sustainable Infrastructure ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both exchange-traded funds - BLDX is a Infrastructure Equities fund actively managed by Impax Asset Management, while BDVL is a Global Equities fund tracking the MSCI ACWI Minimum Volatility Index. BLDX is actively managed, while BDVL is passively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. BLDX charges 0.60%/yr vs 0.40%/yr for BDVL.

Performance

BLDX vs. BDVL - Performance Comparison

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

Returns By Period

BLDX

• 1D: -0.11%
• 1M: 0.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BDVL

• 1D: 0.62%
• 1M: 1.28%
• 6M: 3.79%
• YTD: 5.92%
• 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	$6.05M	$5.39M	$7.19M
BLDX Impax Global Sustainable Infrastructure ETF	$75.90K	$90.31K	$290.80K

BLDX vs. BDVL - Yearly Performance Comparison

	2026 (YTD)
BLDX Impax Global Sustainable Infrastructure ETF	5.78%
BDVL iShares Disciplined Volatility Equity Active ETF	4.13%

Correlation

The correlation between BLDX and BDVL is 0.58, 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 Feb 2, 2026	0.58

Return for Risk

BLDX vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Impax Global Sustainable Infrastructure ETF (BLDX) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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

BLDX vs. BDVL - Drawdown Comparison

The maximum BLDX drawdown since its inception was -8.26%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for BLDX and BDVL.

Drawdown Indicators

	BLDX	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-8.26%	-7.71%	-0.55%
Current Drawdown Current decline from peak	-3.89%	-0.65%	-3.24%
Average Drawdown Average peak-to-trough decline	-3.56%	-1.15%	-2.41%

Volatility

Volatility by Period

	BLDX	BDVL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	9.47%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	9.47%	+7.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	9.47%	+7.41%

BLDX vs. BDVL - Expense Ratio Comparison

BLDX has a 0.60% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

BLDX vs. BDVL - Dividend Comparison

BLDX's dividend yield for the trailing twelve months is around 0.97%, less than BDVL's 3.52% yield.

Position	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	3.52%	2.79%
BLDX Impax Global Sustainable Infrastructure ETF	0.97%	0.00%

Frequently Asked Questions

Can I hold both BLDX and BDVL in my portfolio?

BLDX and BDVL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLDX or BDVL?

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, BLDX or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.60% for BLDX.

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

BDVL has the higher dividend yield at 3.52%, compared with 0.97% for BLDX.

What is the main difference between BLDX and BDVL?

BLDX is categorized as Infrastructure Equities, while BDVL is Global Equities. They also come from different issuers: Impax Asset Management and iShares. Their fees differ too: 0.60% for BLDX and 0.40% for BDVL.