IPKW vs. BDVL

Last updated Jun 4, 2026

IPKW (Invesco International BuyBack Achievers™ ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - IPKW tracks the NASDAQ International BuyBack Achievers Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. IPKW charges 0.55%/yr vs 0.40%/yr for BDVL.

Performance

IPKW vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International BuyBack Achievers™ ETF (IPKW) 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, IPKW achieves a 6.08% return, which is significantly higher than BDVL's 4.71% return.

IPKW

• 1D: -1.07%
• 1M: 0.86%
• YTD: 6.08%
• 6M: 9.96%
• 1Y: 26.14%
• 3Y*: 23.62%
• 5Y*: 9.19%
• 10Y*: 11.44%

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)

IPKW vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
IPKW Invesco International BuyBack Achievers™ ETF	6.08%	6.60%
BDVL iShares Disciplined Volatility Equity Active ETF	4.71%	1.97%

Correlation

The correlation between IPKW and BDVL is 0.72, 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	0.72

IPKW vs. BDVL - Sectors Allocation Comparison

Sectors	IPKW	BDVL
Financial Services	32.3%	13.9%
Energy	21.4%	2.8%
Consumer Cyclical	15.8%	8.5%
Industrials	11.4%	15.4%
Communication Services	6.3%	10.7%
Technology	3.8%	23.0%
Utilities	3.5%	4.8%
Basic Materials	2.9%	2.6%
Real Estate	1.1%	1.0%
Healthcare	1.0%	11.1%
Consumer Defensive	0.4%	6.3%

Return for Risk

IPKW vs. BDVL — Risk / Return Rank

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

IPKW

IPKW Risk / Return Rank: 54
IPKW Sharpe Ratio Rank: 53
IPKW Sortino Ratio Rank: 53
IPKW Omega Ratio Rank: 53
IPKW Calmar Ratio Rank: 58
IPKW Martin Ratio Rank: 56

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.

IPKW vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) 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.

	IPKW	BDVL	Difference
Sharpe ratio Return per unit of total volatility	1.84	—	—
Sortino ratio Return per unit of downside risk	2.58	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.87	—	—
Martin ratio Return relative to average drawdown	9.91	—	—
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

	IPKW	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.01	-0.42

Drawdowns

IPKW vs. BDVL - Drawdown Comparison

The maximum IPKW drawdown since its inception was -47.24%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for IPKW and BDVL.

Drawdown Indicators

	IPKW	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-47.24%	-7.71%	-39.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.24%	—	—
Current Drawdown Current decline from peak	-2.45%	-0.95%	-1.50%
Average Drawdown Average peak-to-trough decline	-9.00%	-1.19%	-7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	—	—

Volatility

Volatility by Period

	IPKW	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	9.49%	+4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	9.49%	+7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	9.49%	+8.42%

IPKW vs. BDVL - Expense Ratio Comparison

IPKW has a 0.55% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

IPKW vs. BDVL - Dividend Comparison

IPKW's dividend yield for the trailing twelve months is around 3.52%, more than BDVL's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDVL iShares Disciplined Volatility Equity Active ETF	2.66%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IPKW Invesco International BuyBack Achievers™ ETF	3.52%	3.55%	4.12%	2.66%	3.77%	7.37%	1.45%	2.41%	2.61%	0.93%	2.82%	1.31%

Frequently Asked Questions

Can I hold both IPKW and BDVL in my portfolio?

IPKW and BDVL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IPKW 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, IPKW or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.55% for IPKW.

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

IPKW has the higher dividend yield at 3.52%, compared with 2.66% for BDVL.

What is the main difference between IPKW and BDVL?

IPKW tracks NASDAQ International BuyBack Achievers Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.55% for IPKW and 0.40% for BDVL.