IGTR vs. BDVL

Last updated Jun 4, 2026

IGTR (Innovator Gradient Tactical Rotation Strategy ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. IGTR is actively managed, while BDVL is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. IGTR charges 0.80%/yr vs 0.40%/yr for BDVL.

Performance

IGTR vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Gradient Tactical Rotation Strategy ETF (IGTR) 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, IGTR achieves a 21.49% return, which is significantly higher than BDVL's 4.71% return.

IGTR

• 1D: -0.47%
• 1M: 13.18%
• YTD: 21.49%
• 6M: 24.80%
• 1Y: 43.30%
• 3Y*: 17.59%
• 5Y*: —
• 10Y*: —

BDVL

• 1D: -0.44%
• 1M: 0.91%
• YTD: 4.71%
• 6M: 5.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGTR vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
IGTR Innovator Gradient Tactical Rotation Strategy ETF	21.49%	8.72%
BDVL iShares Disciplined Volatility Equity Active ETF	4.71%	1.97%

Correlation

The correlation between IGTR and BDVL is 0.74, 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 16, 2025	0.74

IGTR vs. BDVL - Sectors Allocation Comparison

Sectors	IGTR	BDVL
Financial Services	25.7%	13.9%
Industrials	20.7%	15.4%
Technology	13.2%	23.0%
Healthcare	8.2%	11.1%
Consumer Cyclical	8.1%	8.5%
Basic Materials	8.1%	2.6%
Energy	4.8%	2.8%
Real Estate	3.5%	1.0%
Consumer Defensive	3.3%	6.3%
Communication Services	2.4%	10.7%
Utilities	2.0%	4.8%

Return for Risk

IGTR vs. BDVL — Risk / Return Rank

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

IGTR

IGTR Risk / Return Rank: 71
IGTR Sharpe Ratio Rank: 70
IGTR Sortino Ratio Rank: 66
IGTR Omega Ratio Rank: 66
IGTR Calmar Ratio Rank: 77
IGTR Martin Ratio Rank: 74

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.

IGTR vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Gradient Tactical Rotation Strategy ETF (IGTR) 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.

	IGTR	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.89	—	—
Martin ratio: Return relative to average drawdown	13.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IGTR	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.01	-0.39

Drawdowns

IGTR vs. BDVL - Drawdown Comparison

The maximum IGTR drawdown since its inception was -20.06%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for IGTR and BDVL.

Drawdown Indicators

	IGTR	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-7.71%	-12.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.06%	—	—
Current Drawdown Current decline from peak	-0.47%	-0.95%	+0.48%
Average Drawdown Average peak-to-trough decline	-6.97%	-1.19%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	—	—

Volatility

Volatility by Period

	IGTR	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	9.49%	+9.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	9.49%	+7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	9.49%	+7.33%

IGTR vs. BDVL - Expense Ratio Comparison

IGTR has a 0.80% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

IGTR vs. BDVL - Dividend Comparison

IGTR's dividend yield for the trailing twelve months is around 0.66%, less than BDVL's 2.66% yield.

Position	TTM	2025	2024	2023	2022
BDVL iShares Disciplined Volatility Equity Active ETF	2.66%	2.79%	0.00%	0.00%	0.00%
IGTR Innovator Gradient Tactical Rotation Strategy ETF	0.66%	0.80%	2.40%	0.87%	0.31%

Frequently Asked Questions

Can I hold both IGTR and BDVL in my portfolio?

IGTR and BDVL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGTR 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, IGTR or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.80% for IGTR.

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

BDVL has the higher dividend yield at 2.66%, compared with 0.66% for IGTR.

What is the main difference between IGTR and BDVL?

They also come from different issuers: Innovator and iShares. Their fees differ too: 0.80% for IGTR and 0.40% for BDVL.