BLES vs. BDVL

Last updated Jun 25, 2026

BLES (Inspire Global Hope ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - BLES tracks the Inspire Global Hope Large Cap Equal Weight Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. BLES charges 0.58%/yr vs 0.40%/yr for BDVL.

Performance

BLES vs. BDVL - Performance Comparison

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

Returns By Period

In the year-to-date period, BLES achieves a 10.01% return, which is significantly higher than BDVL's 4.60% return.

BLES

• 1D: 0.18%
• 1M: -0.46%
• YTD: 10.01%
• 6M: 9.13%
• 1Y: 19.02%
• 3Y*: 15.43%
• 5Y*: 7.14%
• 10Y*: —

BDVL

• 1D: -0.12%
• 1M: -0.87%
• YTD: 4.60%
• 6M: 3.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLES vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
BLES Inspire Global Hope ETF	10.01%	2.92%
BDVL iShares Disciplined Volatility Equity Active ETF	4.60%	2.20%

Correlation

The correlation between BLES and BDVL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.84

BLES vs. BDVL - Sectors Allocation Comparison

Sectors	BLES	BDVL
Industrials	20.3%	14.2%
Technology	17.6%	27.8%
Financial Services	13.0%	14.3%
Basic Materials	9.8%	1.9%
Real Estate	7.6%	0.9%
Healthcare	7.0%	8.3%
Utilities	7.0%	4.5%
Consumer Cyclical	6.3%	6.9%
Energy	6.0%	1.6%
Consumer Defensive	4.4%	5.3%
Communication Services	1.0%	10.0%

Return for Risk

BLES vs. BDVL — Risk / Return Rank

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

BLES

BLES Risk / Return Rank: 50
BLES Sharpe Ratio Rank: 48
BLES Sortino Ratio Rank: 47
BLES Omega Ratio Rank: 45
BLES Calmar Ratio Rank: 53
BLES Martin Ratio Rank: 55

BDVL

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

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.

BLES vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Global Hope ETF (BLES) 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.

	BLES	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	8.62	—	—

Drawdowns

BLES vs. BDVL - Drawdown Comparison

The maximum BLES drawdown since its inception was -40.35%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for BLES and BDVL.

Drawdown Indicators

	BLES	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-40.35%	-7.71%	-32.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	—	—
Current Drawdown Current decline from peak	-2.28%	-1.53%	-0.75%
Average Drawdown Average peak-to-trough decline	-6.02%	-1.18%	-4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	—	—

Volatility

Volatility by Period

	BLES	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	9.69%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	9.69%	+6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	9.69%	+9.24%

BLES vs. BDVL - Expense Ratio Comparison

BLES has a 0.58% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

BLES vs. BDVL - Dividend Comparison

BLES's dividend yield for the trailing twelve months is around 1.80%, less than BDVL's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BDVL iShares Disciplined Volatility Equity Active ETF	3.56%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BLES Inspire Global Hope ETF	1.80%	1.97%	1.90%	1.80%	1.64%	9.28%	1.61%	2.16%	1.73%	2.01%

Frequently Asked Questions

Can I hold both BLES and BDVL in my portfolio?

BLES and BDVL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLES 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, BLES or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.58% for BLES.

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

BDVL has the higher dividend yield at 3.56%, compared with 1.80% for BLES.

What is the main difference between BLES and BDVL?

BLES tracks Inspire Global Hope Large Cap Equal Weight Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Inspire and iShares. Their fees differ too: 0.58% for BLES and 0.40% for BDVL.