KLMT vs. BDVL

Last updated Jun 25, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - KLMT tracks the MSCI ACWI Select Climate 500 Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. KLMT charges 0.10%/yr vs 0.40%/yr for BDVL.

Performance

KLMT vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) 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, KLMT achieves a 10.09% return, which is significantly higher than BDVL's 4.60% return.

KLMT

• 1D: -0.33%
• 1M: 0.00%
• YTD: 10.09%
• 6M: 9.12%
• 1Y: 23.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDVL

• 1D: -0.12%
• 1M: -0.87%
• YTD: 4.60%
• 6M: 3.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLMT vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
KLMT Invesco MSCI Global Climate 500 ETF	10.09%	4.08%
BDVL iShares Disciplined Volatility Equity Active ETF	4.60%	2.20%

Correlation

The correlation between KLMT and BDVL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.84

KLMT vs. BDVL - Sectors Allocation Comparison

Sectors	KLMT	BDVL
Technology	33.8%	27.8%
Financial Services	16.2%	14.3%
Industrials	9.9%	14.2%
Communication Services	8.6%	10.0%
Consumer Cyclical	8.0%	6.9%
Healthcare	7.5%	8.3%
Consumer Defensive	4.7%	5.3%
Energy	3.2%	1.6%
Basic Materials	2.7%	1.9%
Real Estate	2.6%	0.9%
Utilities	1.8%	4.5%

Return for Risk

KLMT vs. BDVL — Risk / Return Rank

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

KLMT

KLMT Risk / Return Rank: 60
KLMT Sharpe Ratio Rank: 60
KLMT Sortino Ratio Rank: 59
KLMT Omega Ratio Rank: 59
KLMT Calmar Ratio Rank: 57
KLMT Martin Ratio Rank: 65

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.

KLMT vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) 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.

	KLMT	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	1.75	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	10.30	—	—

Drawdowns

KLMT vs. BDVL - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for KLMT and BDVL.

Drawdown Indicators

	KLMT	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-7.71%	-9.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	—	—
Current Drawdown Current decline from peak	-2.50%	-1.53%	-0.97%
Average Drawdown Average peak-to-trough decline	-1.91%	-1.18%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	KLMT	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	9.69%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	9.69%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	9.69%	+6.33%

KLMT vs. BDVL - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than BDVL's 0.40% expense ratio.

Dividends

KLMT vs. BDVL - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.79%, less than BDVL's 3.56% yield.

Position	TTM	2025	2024
BDVL iShares Disciplined Volatility Equity Active ETF	3.56%	2.79%	0.00%
KLMT Invesco MSCI Global Climate 500 ETF	1.79%	1.95%	0.85%

Frequently Asked Questions

Can I hold both KLMT and BDVL in my portfolio?

KLMT and BDVL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLMT or BDVL?

On fees, KLMT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLMT or BDVL?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.40% for BDVL.

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

BDVL has the higher dividend yield at 3.56%, compared with 1.79% for KLMT.

What is the main difference between KLMT and BDVL?

KLMT tracks MSCI ACWI Select Climate 500 Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for KLMT and 0.40% for BDVL.