LENS vs. BDYN
LENS (Sarmaya Thematic ETF) and BDYN (iShares Dynamic Equity Active ETF) are both Global Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. LENS charges 0.79%/yr vs 0.40%/yr for BDYN.
Performance
LENS vs. BDYN - Performance Comparison
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Returns By Period
In the year-to-date period, LENS achieves a 5.02% return, which is significantly lower than BDYN's 8.36% return.
LENS
- 1D
- -0.52%
- 1M
- -7.84%
- YTD
- 5.02%
- 6M
- 2.93%
- 1Y
- 47.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDYN
- 1D
- -0.25%
- 1M
- 1.43%
- YTD
- 8.36%
- 6M
- 7.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LENS vs. BDYN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LENS Sarmaya Thematic ETF | 5.02% | 23.16% |
BDYN iShares Dynamic Equity Active ETF | 8.36% | 3.61% |
Correlation
The correlation between LENS and BDYN is 0.51, 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 | 0.51 |
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Return for Risk
LENS vs. BDYN — Risk / Return Rank
LENS
BDYN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LENS vs. BDYN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sarmaya Thematic ETF (LENS) and iShares Dynamic Equity Active ETF (BDYN). 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 | BDYN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 6.43 | — | — |
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Drawdowns
LENS vs. BDYN - Drawdown Comparison
The maximum LENS drawdown since its inception was -20.49%, which is greater than BDYN's maximum drawdown of -10.85%. Use the drawdown chart below to compare losses from any high point for LENS and BDYN.
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Drawdown Indicators
| LENS | BDYN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -10.85% | -9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -20.49% | — | — |
Current DrawdownCurrent decline from peak | -19.96% | -0.64% | -19.32% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -1.80% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | — | — |
Volatility
LENS vs. BDYN - Volatility Comparison
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Volatility by Period
| LENS | BDYN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.62% | 14.74% | +12.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 14.74% | +11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 14.74% | +11.09% |
LENS vs. BDYN - Expense Ratio Comparison
LENS has a 0.79% expense ratio, which is higher than BDYN's 0.40% expense ratio.
Dividends
LENS vs. BDYN - Dividend Comparison
LENS's dividend yield for the trailing twelve months is around 1.52%, less than BDYN's 2.01% yield.
| Position | TTM | 2025 |
|---|---|---|
BDYN iShares Dynamic Equity Active ETF | 2.01% | 2.18% |
LENS Sarmaya Thematic ETF | 1.52% | 1.60% |
Frequently Asked Questions
LENS and BDYN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BDYN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BDYN is cheaper with a 0.40% expense ratio, compared with 0.79% for LENS.
BDYN has the higher dividend yield at 2.01%, compared with 1.52% for LENS.
They also come from different issuers: Sarmaya Partners and iShares. Their fees differ too: 0.79% for LENS and 0.40% for BDYN.
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