PJBF vs. BDVL

Last updated Jun 3, 2026

PJBF (PGIM Jennison Better Future ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. PJBF is actively managed, while BDVL is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. PJBF charges 0.59%/yr vs 0.40%/yr for BDVL.

Performance

PJBF vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Better Future ETF (PJBF) 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, PJBF achieves a 10.32% return, which is significantly higher than BDVL's 5.17% return.

PJBF

• 1D: 0.37%
• 1M: 5.22%
• YTD: 10.32%
• 6M: 9.29%
• 1Y: 18.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDVL

• 1D: 0.24%
• 1M: 1.11%
• YTD: 5.17%
• 6M: 6.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PJBF vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
PJBF PGIM Jennison Better Future ETF	10.32%	0.80%
BDVL iShares Disciplined Volatility Equity Active ETF	5.17%	1.97%

Correlation

The correlation between PJBF and BDVL is 0.68, 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	0.68

PJBF vs. BDVL - Sectors Allocation Comparison

Sectors	PJBF	BDVL
Technology	40.3%	23.0%
Industrials	18.0%	15.4%
Consumer Cyclical	13.6%	8.5%
Healthcare	11.2%	11.1%
Communication Services	9.6%	10.7%
Financial Services	2.8%	13.9%
Consumer Defensive	2.3%	6.3%
Utilities	2.3%	4.8%
Basic Materials	-	2.6%
Energy	-	2.8%
Real Estate	-	1.0%

Return for Risk

PJBF vs. BDVL — Risk / Return Rank

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

PJBF

PJBF Risk / Return Rank: 25
PJBF Sharpe Ratio Rank: 26
PJBF Sortino Ratio Rank: 26
PJBF Omega Ratio Rank: 26
PJBF Calmar Ratio Rank: 22
PJBF Martin Ratio Rank: 25

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.

PJBF vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Better Future ETF (PJBF) 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.

	PJBF	BDVL	Difference
Sharpe ratio Return per unit of total volatility	0.94	—	—
Sortino ratio Return per unit of downside risk	1.42	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.05	—	—
Martin ratio Return relative to average drawdown	3.37	—	—
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

	PJBF	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.09	-0.43

Drawdowns

PJBF vs. BDVL - Drawdown Comparison

The maximum PJBF drawdown since its inception was -25.67%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for PJBF and BDVL.

Drawdown Indicators

	PJBF	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-7.71%	-17.96%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	—	—
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	-5.31%	-1.19%	-4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	—	—

Volatility

Volatility by Period

	PJBF	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.56%	9.50%	+10.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	9.50%	+12.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	9.50%	+12.02%

PJBF vs. BDVL - Expense Ratio Comparison

PJBF has a 0.59% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

PJBF vs. BDVL - Dividend Comparison

PJBF's dividend yield for the trailing twelve months is around 0.22%, less than BDVL's 2.65% yield.

Position	TTM	2025	2024
BDVL iShares Disciplined Volatility Equity Active ETF	2.65%	2.79%	0.00%
PJBF PGIM Jennison Better Future ETF	0.22%	0.24%	0.16%

Frequently Asked Questions

Can I hold both PJBF and BDVL in my portfolio?

PJBF and BDVL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PJBF 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, PJBF or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.59% for PJBF.

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

BDVL has the higher dividend yield at 2.65%, compared with 0.22% for PJBF.

What is the main difference between PJBF and BDVL?

They also come from different issuers: PGIM and iShares. Their fees differ too: 0.59% for PJBF and 0.40% for BDVL.