IOO vs. BDVL

Last updated Jun 24, 2026

IOO (iShares Global 100 ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds from iShares - IOO tracks the S&P Global 100 Index (Net) while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

IOO vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global 100 ETF (IOO) 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, IOO achieves a 7.38% return, which is significantly higher than BDVL's 4.73% return.

IOO

• 1D: -1.40%
• 1M: -3.92%
• YTD: 7.38%
• 6M: 6.92%
• 1Y: 31.18%
• 3Y*: 23.11%
• 5Y*: 15.43%
• 10Y*: 16.63%

BDVL

• 1D: -0.97%
• 1M: -0.75%
• YTD: 4.73%
• 6M: 4.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IOO vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
IOO iShares Global 100 ETF	7.38%	8.21%
BDVL iShares Disciplined Volatility Equity Active ETF	4.73%	2.20%

Correlation

The correlation between IOO 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 15, 2025	0.74

IOO vs. BDVL - Sectors Allocation Comparison

Sectors	IOO	BDVL
Technology	47.0%	27.8%
Communication Services	10.8%	10.0%
Financial Services	9.2%	14.3%
Consumer Cyclical	8.4%	6.9%
Healthcare	8.4%	8.3%
Consumer Defensive	5.6%	5.3%
Industrials	4.8%	14.2%
Energy	3.6%	1.6%
Basic Materials	1.7%	1.9%
Utilities	0.5%	4.5%
Real Estate	0.2%	0.9%

Return for Risk

IOO vs. BDVL — Risk / Return Rank

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

IOO

IOO Risk / Return Rank: 69
IOO Sharpe Ratio Rank: 71
IOO Sortino Ratio Rank: 68
IOO Omega Ratio Rank: 68
IOO Calmar Ratio Rank: 66
IOO Martin Ratio Rank: 74

BDVL

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

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.

IOO vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) 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.

	IOO	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	2.20	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.15	—	—
Martin ratio: Return relative to average drawdown	13.53	—	—

Drawdowns

IOO vs. BDVL - Drawdown Comparison

The maximum IOO drawdown since its inception was -55.85%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for IOO and BDVL.

Drawdown Indicators

	IOO	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-7.71%	-48.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.43%	—	—
Current Drawdown Current decline from peak	-5.61%	-1.41%	-4.20%
Average Drawdown Average peak-to-trough decline	-11.25%	-1.18%	-10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	IOO	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	9.71%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	9.71%	+7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	9.71%	+8.02%

IOO vs. BDVL - Expense Ratio Comparison

Both IOO and BDVL have an expense ratio of 0.40%.

Dividends

IOO vs. BDVL - Dividend Comparison

IOO's dividend yield for the trailing twelve months is around 0.86%, less than BDVL's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDVL iShares Disciplined Volatility Equity Active ETF	3.56%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IOO iShares Global 100 ETF	0.86%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%

Frequently Asked Questions

Can I hold both IOO and BDVL in my portfolio?

IOO 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, IOO or BDVL?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IOO or BDVL?

IOO and BDVL have the same expense ratio: 0.40% per year.

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

BDVL has the higher dividend yield at 3.56%, compared with 0.86% for IOO.

What is the main difference between IOO and BDVL?

IOO tracks S&P Global 100 Index (Net), while BDVL tracks MSCI ACWI Minimum Volatility Index.