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. At a 0.45 correlation, their price movements are largely independent. LENS charges 0.79%/yr vs 0.40%/yr for BDVL.
Performance
LENS vs. BDVL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LENS achieves a 13.33% return, which is significantly higher than BDVL's 4.71% return.
LENS
- 1D
- -1.54%
- 1M
- -1.68%
- YTD
- 13.33%
- 6M
- 18.33%
- 1Y
- 61.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDVL
- 1D
- -0.44%
- 1M
- 0.91%
- YTD
- 4.71%
- 6M
- 5.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LENS vs. BDVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LENS Sarmaya Thematic ETF | 13.33% | 21.90% |
BDVL iShares Disciplined Volatility Equity Active ETF | 4.71% | 1.97% |
Correlation
The correlation between LENS and BDVL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LENS vs. BDVL — Risk / Return Rank
LENS
BDVL
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.
| LENS | BDVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | — | — |
| Martin ratioReturn relative to average drawdown | 10.02 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LENS | BDVL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.09 | 1.01 | +1.08 |
Drawdowns
LENS vs. BDVL - Drawdown Comparison
The maximum LENS drawdown since its inception was -15.47%, 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.
Loading charts...
Drawdown Indicators
| LENS | BDVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.47% | -7.71% | -7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | — | — |
Current DrawdownCurrent decline from peak | -13.64% | -0.95% | -12.69% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -1.19% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | — | — |
Volatility
LENS vs. BDVL - Volatility Comparison
Loading charts...
Volatility by Period
| LENS | BDVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.54% | 9.49% | +17.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 9.49% | +16.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 9.49% | +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 1.41%, less than BDVL's 2.66% yield.
| Position | TTM | 2025 |
|---|---|---|
BDVL iShares Disciplined Volatility Equity Active ETF | 2.66% | 2.79% |
LENS Sarmaya Thematic ETF | 1.41% | 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 2.66%, compared with 1.41% for LENS.
They also come from different issuers: Sarmaya Partners and iShares. Their fees differ too: 0.79% for LENS and 0.40% for BDVL.
Find the right allocation for LENS and BDVL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer