MVFG vs. BDVL
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. Their 0.73 correlation means they have sometimes moved together and sometimes differently. MVFG charges 1.42%/yr vs 0.40%/yr for BDVL.
Performance
MVFG vs. BDVL - Performance Comparison
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Returns By Period
In the year-to-date period, MVFG achieves a 14.13% return, which is significantly higher than BDVL's 7.22% return.
MVFG
- 1D
- 0.85%
- 1M
- 1.01%
- 6M
- 4.35%
- YTD
- 14.13%
- 1Y
- 29.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.86%
BDVL
- 1D
- 0.49%
- 1M
- 1.15%
- 6M
- 4.87%
- YTD
- 7.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.36M | $5.75M | $7.18M | |
| $371.03K | $675.22K | $638.87K |
MVFG vs. BDVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MVFG Monarch Volume Factor Global Unconstrained ETF | 14.13% | 2.26% |
BDVL iShares Disciplined Volatility Equity Active ETF | 7.22% | 2.20% |
Correlation
The correlation between MVFG and BDVL is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | 0.73 |
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Return for Risk
MVFG vs. BDVL — Risk / Return Rank
MVFG
BDVL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| MVFG | BDVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | — | — |
| Martin ratioReturn relative to average drawdown | 7.62 | — | — |
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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.
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Drawdown Indicators
| MVFG | BDVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.34% | -7.71% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -1.12% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | — | — |
Volatility
MVFG vs. BDVL - Volatility Comparison
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Volatility by Period
| MVFG | BDVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 9.43% | +9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 9.43% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 9.43% | +5.78% |
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 1.51%, less than BDVL's 3.47% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BDVL iShares Disciplined Volatility Equity Active ETF | 3.47% | 2.79% | 0.00% |
MVFG Monarch Volume Factor Global Unconstrained ETF | 1.51% | 1.90% | 1.67% |
Frequently Asked Questions
MVFG and BDVL have a correlation of 0.73, 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 1.42% for MVFG.
BDVL has the higher dividend yield at 3.47%, compared with 1.51% for MVFG.
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.
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