CDIG vs. BDVL

Last updated Jun 6, 2026

CDIG (City Different Investments Global Equity ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. CDIG is actively managed, while BDVL is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. CDIG charges 0.75%/yr vs 0.40%/yr for BDVL.

Performance

CDIG vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in City Different Investments Global Equity ETF (CDIG) 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, CDIG achieves a 2.35% return, which is significantly lower than BDVL's 3.52% return.

CDIG

• 1D: -3.13%
• 1M: -5.71%
• YTD: 2.35%
• 6M: 1.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDVL

• 1D: -1.52%
• 1M: -2.05%
• YTD: 3.52%
• 6M: 3.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CDIG vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
CDIG City Different Investments Global Equity ETF	2.35%	-0.40%
BDVL iShares Disciplined Volatility Equity Active ETF	3.52%	1.80%

Correlation

The correlation between CDIG and BDVL is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.60

Return for Risk

CDIG vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for City Different Investments Global Equity ETF (CDIG) 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.

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

Sharpe Ratios by Period

	CDIG	BDVL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.81	-0.69

Drawdowns

CDIG vs. BDVL - Drawdown Comparison

The maximum CDIG drawdown since its inception was -11.35%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for CDIG and BDVL.

Drawdown Indicators

	CDIG	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-11.35%	-7.71%	-3.64%
Current Drawdown Current decline from peak	-5.71%	-2.08%	-3.63%
Average Drawdown Average peak-to-trough decline	-3.16%	-1.19%	-1.97%

Volatility

Volatility by Period

	CDIG	BDVL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	9.62%	+13.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	9.62%	+13.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	9.62%	+13.49%

CDIG vs. BDVL - Expense Ratio Comparison

CDIG has a 0.75% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

CDIG vs. BDVL - Dividend Comparison

CDIG has not paid dividends to shareholders, while BDVL's dividend yield for the trailing twelve months is around 2.70%.

Position	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	2.70%	2.79%
CDIG City Different Investments Global Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDIG and BDVL in my portfolio?

CDIG and BDVL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CDIG 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, CDIG or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.75% for CDIG.

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

BDVL has the higher dividend yield at 2.70%, compared with 0.00% for CDIG.

What is the main difference between CDIG and BDVL?

They also come from different issuers: City Different Investments and iShares. Their fees differ too: 0.75% for CDIG and 0.40% for BDVL.