DMCY vs. BDVL

Last updated Apr 1, 2026

Compare and contrast key facts about Democracy International Fund ETF (DMCY) and iShares Disciplined Volatility Equity Active ETF (BDVL).

DMCY and BDVL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DMCY is a passively managed fund by Democracy Investment Management LLC that tracks the performance of the Democracy Investments International Index - Benchmark TR Net. It was launched on Mar 31, 2021. BDVL is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Minimum Volatility Index. It was launched on Sep 12, 2025. Both DMCY and BDVL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DMCY vs. BDVL - Performance Comparison

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

DMCY vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
DMCY Democracy International Fund ETF	6.43%	5.37%
BDVL iShares Disciplined Volatility Equity Active ETF	-0.63%	1.97%

Returns By Period

DMCY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDVL

• 1D: 2.08%
• 1M: -5.45%
• YTD: -0.63%
• 6M: 1.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMCY vs. BDVL - Expense Ratio Comparison

DMCY has a 0.50% expense ratio, which is higher than BDVL's 0.40% expense ratio.

DMCY

Democracy International Fund ETF

BDVL

iShares Disciplined Volatility Equity Active ETF

Return for Risk

DMCY vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Democracy International Fund ETF (DMCY) 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

	DMCY	BDVL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.27	—

Correlation

The correlation between DMCY and BDVL is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DMCY vs. BDVL - Dividend Comparison

DMCY's dividend yield for the trailing twelve months is around 2.63%, less than BDVL's 2.81% yield.

	TTM	2025	2024	2023	2022	2021
DMCY Democracy International Fund ETF	2.63%	3.07%	2.69%	3.02%	2.64%	2.11%
BDVL iShares Disciplined Volatility Equity Active ETF	2.81%	2.79%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	DMCY	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	—	-7.71%	—
Current Drawdown Current decline from peak	—	-5.45%	—
Average Drawdown Average peak-to-trough decline	—	-1.17%	—

Volatility

Volatility by Period

	DMCY	BDVL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	9.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.29%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.29%	—