MVFG vs. BDVL

Last updated Jun 4, 2026

MVFG (Monarch Volume Factor Global Unconstrained ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - MVFG tracks the Monarch Volume Factor Global Unconstrained Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. MVFG charges 1.42%/yr vs 0.40%/yr for BDVL.

Performance

MVFG vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Global Unconstrained ETF (MVFG) 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, MVFG achieves a 12.12% return, which is significantly higher than BDVL's 4.71% return.

MVFG

• 1D: -0.77%
• 1M: 3.29%
• YTD: 12.12%
• 6M: 13.45%
• 1Y: 28.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

MVFG vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
MVFG Monarch Volume Factor Global Unconstrained ETF	12.12%	1.33%
BDVL iShares Disciplined Volatility Equity Active ETF	4.71%	1.97%

Correlation

The correlation between MVFG and BDVL is 0.70, 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	0.70

Return for Risk

MVFG vs. BDVL — Risk / Return Rank

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

MVFG

MVFG Risk / Return Rank: 43
MVFG Sharpe Ratio Rank: 44
MVFG Sortino Ratio Rank: 42
MVFG Omega Ratio Rank: 46
MVFG Calmar Ratio Rank: 38
MVFG Martin Ratio Rank: 46

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.

MVFG vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Global Unconstrained ETF (MVFG) 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.

	MVFG	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	7.37	—	—
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

	MVFG	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.01	+0.12

Drawdowns

MVFG vs. BDVL - Drawdown Comparison

The maximum MVFG drawdown since its inception was -15.34%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for MVFG and BDVL.

Drawdown Indicators

	MVFG	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-15.34%	-7.71%	-7.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	—	—
Current Drawdown Current decline from peak	-0.77%	-0.95%	+0.18%
Average Drawdown Average peak-to-trough decline	-2.57%	-1.19%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	—	—

Volatility

Volatility by Period

	MVFG	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	9.49%	+9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	9.49%	+5.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	9.49%	+5.90%

MVFG vs. BDVL - Expense Ratio Comparison

MVFG has a 1.42% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

MVFG vs. BDVL - Dividend Comparison

MVFG's dividend yield for the trailing twelve months is around 1.92%, less than BDVL's 2.66% yield.

Position	TTM	2025	2024
BDVL iShares Disciplined Volatility Equity Active ETF	2.66%	2.79%	0.00%
MVFG Monarch Volume Factor Global Unconstrained ETF	1.92%	1.90%	1.67%

Frequently Asked Questions

Can I hold both MVFG and BDVL in my portfolio?

MVFG and BDVL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVFG 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, MVFG or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 1.42% for MVFG.

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

BDVL has the higher dividend yield at 2.66%, compared with 1.92% for MVFG.

What is the main difference between MVFG and BDVL?

MVFG tracks Monarch Volume Factor Global Unconstrained Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Monarch and iShares. Their fees differ too: 1.42% for MVFG and 0.40% for BDVL.