LENS vs. BDVL
LENS (Sarmaya Thematic ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. LENS is actively managed, while BDVL is passively managed. Their 0.45 correlation means their historical movements had little consistent relationship. LENS charges 0.79%/yr vs 0.40%/yr for BDVL.
Performance
LENS vs. BDVL - Performance Comparison
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Returns By Period
In the year-to-date period, LENS achieves a 6.15% return, which is significantly lower than BDVL's 8.59% return.
LENS
- 1D
- 0.99%
- 1M
- 4.38%
- 6M
- -10.73%
- YTD
- 6.15%
- 1Y
- 47.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.86%
BDVL
- 1D
- 1.28%
- 1M
- 2.45%
- 6M
- 6.72%
- YTD
- 8.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.14M | $6.05M | $7.27M | |
| $413.47K | $347.71K | $437.62K |
LENS vs. BDVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LENS Sarmaya Thematic ETF | 6.15% | 23.16% |
BDVL iShares Disciplined Volatility Equity Active ETF | 8.59% | 2.20% |
Correlation
The correlation between LENS and BDVL is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | 0.45 |
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Return for Risk
LENS vs. BDVL — Risk / Return Rank
LENS
BDVL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LENS vs. BDVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sarmaya Thematic ETF (LENS) 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.
| LENS | BDVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | — | — |
| Martin ratioReturn relative to average drawdown | 4.51 | — | — |
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Drawdowns
LENS vs. BDVL - Drawdown Comparison
The maximum LENS drawdown since its inception was -24.55%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for LENS and BDVL.
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Drawdown Indicators
| LENS | BDVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.55% | -7.71% | -16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -24.55% | — | — |
Current DrawdownCurrent decline from peak | -19.11% | 0.00% | -19.11% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -1.12% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | — | — |
Volatility
LENS vs. BDVL - Volatility Comparison
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Volatility by Period
| LENS | BDVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.07% | 9.50% | +18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.50% | 9.50% | +16.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.50% | 9.50% | +16.00% |
LENS vs. BDVL - Expense Ratio Comparison
LENS has a 0.79% expense ratio, which is higher than BDVL's 0.40% expense ratio.
Dividends
LENS vs. BDVL - Dividend Comparison
LENS's dividend yield for the trailing twelve months is around 1.51%, less than BDVL's 3.43% yield.
| Position | TTM | 2025 |
|---|---|---|
BDVL iShares Disciplined Volatility Equity Active ETF | 3.43% | 2.79% |
LENS Sarmaya Thematic ETF | 1.51% | 1.60% |
Frequently Asked Questions
LENS and BDVL have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BDVL is cheaper with a 0.40% expense ratio, compared with 0.79% for LENS.
BDVL has the higher dividend yield at 3.43%, compared with 1.51% for LENS.
They also come from different issuers: Alpha Architect and iShares. Their fees differ too: 0.79% for LENS and 0.40% for BDVL.
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