GKAT vs. BDVL

Last updated Aug 2, 2026

GKAT (Scharf Global Opportunity ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. GKAT is actively managed, while BDVL is passively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. GKAT charges 0.59%/yr vs 0.40%/yr for BDVL.

Performance

GKAT vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scharf Global Opportunity ETF (GKAT) 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, GKAT achieves a 8.41% return, which is significantly higher than BDVL's 6.70% return.

GKAT

• 1D: 1.18%
• 1M: 2.09%
• 6M: 5.94%
• YTD: 8.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BDVL

• 1D: 0.14%
• 1M: 0.66%
• 6M: 4.88%
• YTD: 6.70%
• 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	$4.62M	$5.40M	$7.08M
GKAT Scharf Global Opportunity ETF	$18.90K	$73.46K	$135.75K

GKAT vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
GKAT Scharf Global Opportunity ETF	8.41%	4.27%
BDVL iShares Disciplined Volatility Equity Active ETF	6.70%	2.20%

Correlation

The correlation between GKAT and BDVL is 0.71, 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 Sep 15, 2025	0.71

Return for Risk

GKAT vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) 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

GKAT vs. BDVL - Drawdown Comparison

The maximum GKAT drawdown since its inception was -10.41%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for GKAT and BDVL.

Drawdown Indicators

	GKAT	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-7.71%	-2.70%
Current Drawdown Current decline from peak	-2.14%	0.00%	-2.14%
Average Drawdown Average peak-to-trough decline	-2.28%	-1.13%	-1.15%

Volatility

Volatility by Period

	GKAT	BDVL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	9.44%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.23%	9.44%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	9.44%	+2.79%

GKAT vs. BDVL - Expense Ratio Comparison

GKAT has a 0.59% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

GKAT vs. BDVL - Dividend Comparison

GKAT's dividend yield for the trailing twelve months is around 0.65%, less than BDVL's 3.49% yield.

Position	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	3.49%	2.79%
GKAT Scharf Global Opportunity ETF	0.65%	0.24%

Frequently Asked Questions

Can I hold both GKAT and BDVL in my portfolio?

GKAT and BDVL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GKAT 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, GKAT or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.59% for GKAT.

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

BDVL has the higher dividend yield at 3.49%, compared with 0.65% for GKAT.

What is the main difference between GKAT and BDVL?

They also come from different issuers: Scharf Investments and iShares. Their fees differ too: 0.59% for GKAT and 0.40% for BDVL.