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BVAL vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BVAL vs. IWX

Last updated Aug 4, 2026
Documentation

BVAL (Bluemonte Large Cap Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. BVAL is actively managed, while IWX is passively managed. Over the past year, BVAL returned 25.50% vs 36.20% for IWX. Their correlation of 0.94 means they have usually moved in the same direction. BVAL charges 0.24%/yr vs 0.20%/yr for IWX.

Performance

BVAL vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Large Cap Value ETF (BVAL) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BVAL achieves a 14.62% return, which is significantly lower than IWX's 22.04% return.

BVAL

1D
0.76%
1M
1.22%
6M
10.01%
YTD
14.62%
1Y
25.50%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
25.29%

IWX

1D
0.94%
1M
3.56%
6M
15.64%
YTD
22.04%
1Y
36.20%
3Y*
19.92%
5Y*
12.91%
10Y*
12.05%
ALL TIME*
11.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BVAL

Bluemonte Large Cap Value ETF
$658.39K$641.04K$1.02M

IWX

iShares Russell Top 200 Value ETF
$52.73M$47.86M$34.45M

BVAL vs. IWX - Yearly Performance Comparison

2026 (YTD)2025
BVAL
Bluemonte Large Cap Value ETF		14.62%12.09%
IWX
iShares Russell Top 200 Value ETF		22.04%12.83%

Correlation

The correlation between BVAL and IWX is 0.93, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.93

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2025

0.94

The correlation between BVAL and IWX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

BVAL vs. IWX - Sectors Allocation Comparison

Sectors
BVAL
IWX

Technology

23.6%
22.6%

Financial Services

16.3%
20.0%

Industrials

11.8%
8.3%

Healthcare

11.2%
13.6%

Consumer Cyclical

8.5%
11.6%

Consumer Defensive

7.6%
8.2%

Energy

5.8%
5.1%

Communication Services

4.9%
3.5%

Utilities

4.0%
2.6%

Real Estate

3.5%
1.8%

Basic Materials

2.9%
2.8%

Technology

BVAL
23.6%
IWX
22.6%

Financial Services

BVAL
16.3%
IWX
20.0%

Industrials

BVAL
11.8%
IWX
8.3%

Healthcare

BVAL
11.2%
IWX
13.6%

Consumer Cyclical

BVAL
8.5%
IWX
11.6%

Consumer Defensive

BVAL
7.6%
IWX
8.2%

Energy

BVAL
5.8%
IWX
5.1%

Communication Services

BVAL
4.9%
IWX
3.5%

Utilities

BVAL
4.0%
IWX
2.6%

Real Estate

BVAL
3.5%
IWX
1.8%

Basic Materials

BVAL
2.9%
IWX
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Bluemonte Large Cap Value ETF

iShares Russell Top 200 Value ETF

Often compared with BVAL:
BVAL vs. BLTDBVAL vs. BLGRBVAL vs. BDBTBVAL vs. BLUCBVAL vs. BLUIBVAL vs. BLSTBVAL vs. BLUX
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

BVAL vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BVAL
BVAL Risk / Return Rank: 9090
Overall Rank
BVAL Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
BVAL Sortino Ratio Rank: 9191
Sortino Ratio Rank
BVAL Omega Ratio Rank: 9090
Omega Ratio Rank
BVAL Calmar Ratio Rank: 8888
Calmar Ratio Rank
BVAL Martin Ratio Rank: 9191
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9696
Overall Rank
IWX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9696
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

BVAL vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Large Cap Value ETF (BVAL) and iShares Russell Top 200 Value ETF (IWX). 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.

BVALIWXDifference
Sharpe ratioReturn per unit of total volatility
2.48
3.40

-0.92

Sortino ratioReturn per unit of downside risk
3.46
4.70

-1.24

Omega ratioGain probability vs. loss probability

1.45

1.61

-0.16

Calmar ratioReturn relative to maximum drawdown

3.83

5.52

-1.69

Martin ratioReturn relative to average drawdown

16.14

24.26

-8.12

BVAL vs. IWX - Sharpe Ratio Comparison

The current BVAL Sharpe Ratio is 2.48, which is comparable to the IWX Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of BVAL and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BVAL vs. IWX - Drawdown Comparison

The maximum BVAL drawdown since its inception was -6.69%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for BVAL and IWX.

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Drawdown Indicators

BVALIWXDifference

Max Drawdown

Largest peak-to-trough decline

-6.69%

-35.76%

+29.07%

Max Drawdown (1Y)

Largest decline over 1 year

-6.69%

-6.59%

-0.10%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.37%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.86%

-3.79%

+2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.58%

1.50%

+0.08%

Volatility

BVAL vs. IWX - Volatility Comparison

The current volatility for Bluemonte Large Cap Value ETF (BVAL) is 2.59%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 2.94%. This indicates that BVAL experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BVALIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.59%

2.94%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.90%

8.50%

-0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

10.33%

10.71%

-0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.18%

13.89%

-3.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.18%

16.49%

-6.31%

BVAL vs. IWX - Expense Ratio Comparison

BVAL has a 0.24% expense ratio, which is higher than IWX's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BVAL vs. IWX - Dividend Comparison

BVAL's dividend yield for the trailing twelve months is around 1.30%, less than IWX's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
BVAL
Bluemonte Large Cap Value ETF		1.30%0.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.38%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

With a correlation of 0.93, BVAL and IWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IWX has higher volatility (2.94%) compared to BVAL (2.59%). In terms of maximum drawdown, BVAL dropped -6.69% vs IWX's -35.76%.

On 1-year performance, IWX leads with 36.20% vs 25.50% for BVAL. On fees, IWX is cheaper at 0.20% per year. On volatility, BVAL has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IWX has performed better with a 36.20% return vs 25.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.24% for BVAL.

IWX has the higher dividend yield at 1.38%, compared with 1.30% for BVAL.

They also come from different issuers: Bluemonte and iShares. Their fees differ too: 0.24% for BVAL and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.40 vs 2.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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