PAWZ vs. BDVL

Last updated Jun 17, 2026

PAWZ (ProShares Pet Care ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - PAWZ tracks the FactSet Pet Care Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. PAWZ charges 0.50%/yr vs 0.40%/yr for BDVL.

Performance

PAWZ vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Pet Care ETF (PAWZ) 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, PAWZ achieves a -11.47% return, which is significantly lower than BDVL's 5.87% return.

PAWZ

• 1D: -0.01%
• 1M: 4.84%
• YTD: -11.47%
• 6M: -11.85%
• 1Y: -15.91%
• 3Y*: -1.31%
• 5Y*: -9.14%
• 10Y*: —

BDVL

• 1D: -0.34%
• 1M: 1.71%
• YTD: 5.87%
• 6M: 6.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PAWZ vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
PAWZ ProShares Pet Care ETF	-11.47%	-2.85%
BDVL iShares Disciplined Volatility Equity Active ETF	5.87%	2.20%

Correlation

The correlation between PAWZ and BDVL is 0.60, 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	0.60

PAWZ vs. BDVL - Sectors Allocation Comparison

Sectors	PAWZ	BDVL
Healthcare	32.6%	10.5%
Consumer Defensive	16.3%	6.1%
Consumer Cyclical	12.5%	8.8%
Basic Materials	5.0%	3.0%
Technology	4.2%	24.7%
Financial Services	4.1%	13.5%
Communication Services	-	10.0%
Energy	-	2.4%
Industrials	-	15.1%
Real Estate	-	1.2%
Utilities	-	4.8%

Return for Risk

PAWZ vs. BDVL — Risk / Return Rank

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

PAWZ

PAWZ Risk / Return Rank: 2
PAWZ Sharpe Ratio Rank: 2
PAWZ Sortino Ratio Rank: 2
PAWZ Omega Ratio Rank: 2
PAWZ Calmar Ratio Rank: 3
PAWZ Martin Ratio Rank: 0

BDVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PAWZ vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.

	PAWZ	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	—	—
Sortino ratio: Return per unit of downside risk	-1.34	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-1.77	—	—

Drawdowns

PAWZ vs. BDVL - Drawdown Comparison

The maximum PAWZ drawdown since its inception was -50.07%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for PAWZ and BDVL.

Drawdown Indicators

	PAWZ	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-50.07%	-7.71%	-42.36%
Max Drawdown (1Y) Largest decline over 1 year	-21.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.07%	—	—
Current Drawdown Current decline from peak	-41.10%	-0.34%	-40.76%
Average Drawdown Average peak-to-trough decline	-22.64%	-1.18%	-21.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.99%	—	—

Volatility

Volatility by Period

	PAWZ	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	9.66%	+6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	9.66%	+10.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.64%	9.66%	+11.98%

PAWZ vs. BDVL - Expense Ratio Comparison

PAWZ has a 0.50% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

PAWZ vs. BDVL - Dividend Comparison

PAWZ's dividend yield for the trailing twelve months is around 0.86%, less than BDVL's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BDVL iShares Disciplined Volatility Equity Active ETF	3.52%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAWZ ProShares Pet Care ETF	0.86%	0.81%	0.63%	0.44%	0.54%	0.18%	0.14%	0.35%	0.07%

Frequently Asked Questions

Can I hold both PAWZ and BDVL in my portfolio?

PAWZ and BDVL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAWZ 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, PAWZ or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.50% for PAWZ.

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

BDVL has the higher dividend yield at 3.52%, compared with 0.86% for PAWZ.

What is the main difference between PAWZ and BDVL?

PAWZ tracks FactSet Pet Care Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.50% for PAWZ and 0.40% for BDVL.