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PSP vs. BDVL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSP vs. BDVL

Last updated Aug 4, 2026
Documentation

PSP (Invesco Global Listed Private Equity ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds - PSP tracks the Red Rocks Global Listed Private Equity Index while BDVL tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PSP charges 1.44%/yr vs 0.40%/yr for BDVL.

Performance

PSP vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Listed Private Equity ETF (PSP) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PSP achieves a -6.39% return, which is significantly lower than BDVL's 7.22% return.

PSP

1D
2.95%
1M
7.63%
6M
-6.77%
YTD
-6.39%
1Y
-5.60%
3Y*
10.70%
5Y*
0.37%
10Y*
8.24%
ALL TIME*
2.63%

BDVL

1D
0.49%
1M
1.15%
6M
4.87%
YTD
7.22%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BDVL

iShares Disciplined Volatility Equity Active ETF
$5.36M$5.75M$7.18M

PSP

Invesco Global Listed Private Equity ETF
$1.16M$1.10M$2.69M

PSP vs. BDVL - Yearly Performance Comparison

2026 (YTD)2025
PSP
Invesco Global Listed Private Equity ETF		-6.39%-3.60%
BDVL
iShares Disciplined Volatility Equity Active ETF		7.22%2.20%

Correlation

The correlation between PSP and BDVL is 0.65, 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

0.65

PSP vs. BDVL - Sectors Allocation Comparison

Sectors
PSP
BDVL

Financial Services

89.5%
13.5%

Industrials

6.9%
15.9%

Consumer Defensive

2.8%
5.3%

Communication Services

1.0%
8.8%

Healthcare

0.3%
10.5%

Consumer Cyclical

0.3%
9.2%

Basic Materials

0.1%
3.0%

Technology

0.1%
26.2%

Energy

-

2.2%

Real Estate

-

1.1%

Utilities

-

4.5%

Financial Services

PSP
89.5%
BDVL
13.5%

Industrials

PSP
6.9%
BDVL
15.9%

Consumer Defensive

PSP
2.8%
BDVL
5.3%

Communication Services

PSP
1.0%
BDVL
8.8%

Healthcare

PSP
0.3%
BDVL
10.5%

Consumer Cyclical

PSP
0.3%
BDVL
9.2%

Basic Materials

PSP
0.1%
BDVL
3.0%

Technology

PSP
0.1%
BDVL
26.2%

Energy

PSP

-

BDVL
2.2%

Real Estate

PSP

-

BDVL
1.1%

Utilities

PSP

-

BDVL
4.5%

Compare stocks, funds, or ETFs

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Invesco Global Listed Private Equity ETF

iShares Disciplined Volatility Equity Active ETF

Often compared with PSP:
PSP vs. PEXPSP vs. SPYPSP vs. BIZDPSP vs. VPCPSP vs. VOOPSP vs. KCEPSP vs. HYIN
Often compared with BDVL:
BDVL vs. CGGEBDVL vs. UFOBDVL vs. VTBDVL vs. CAPEBDVL vs. DFAWBDVL vs. IVESBDVL vs. PAWZ

Return for Risk

PSP vs. BDVL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
PSP
PSP Risk / Return Rank: 77
Overall Rank
PSP Sharpe Ratio Rank: 77
Sharpe Ratio Rank
PSP Sortino Ratio Rank: 77
Sortino Ratio Rank
PSP Omega Ratio Rank: 77
Omega Ratio Rank
PSP Calmar Ratio Rank: 88
Calmar Ratio Rank
PSP Martin Ratio Rank: 88
Martin Ratio Rank
BDVL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSP vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) 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.

PSPBDVLDifference
Sharpe ratioReturn per unit of total volatility
-0.28

—

—

Sortino ratioReturn per unit of downside risk
-0.24

—

—

Omega ratioGain probability vs. loss probability

0.97

—

—

Calmar ratioReturn relative to maximum drawdown

-0.25

—

—

Martin ratioReturn relative to average drawdown

-0.48

—

—

PSP vs. BDVL - Sharpe Ratio Comparison

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Drawdowns

PSP vs. BDVL - Drawdown Comparison

The maximum PSP drawdown since its inception was -85.40%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for PSP and BDVL.

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Drawdown Indicators

PSPBDVLDifference

Max Drawdown

Largest peak-to-trough decline

-85.40%

-7.71%

-77.69%

Max Drawdown (1Y)

Largest decline over 1 year

-22.27%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-22.94%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-47.16%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-47.16%

—

—

Current Drawdown

Current decline from peak

-10.96%

0.00%

-10.96%

Average Drawdown

Average peak-to-trough decline

-30.57%

-1.12%

-29.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.65%

—

—

Volatility

PSP vs. BDVL - Volatility Comparison

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Volatility by Period

PSPBDVLDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.48%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

16.91%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

20.39%

9.43%

+10.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.92%

9.43%

+14.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.33%

9.43%

+12.90%

PSP vs. BDVL - Expense Ratio Comparison

PSP has a 1.44% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

PSP vs. BDVL - Dividend Comparison

PSP's dividend yield for the trailing twelve months is around 5.82%, more than BDVL's 3.47% yield.

PositionTTM20252024202320222021202020192018201720162015
BDVL
iShares Disciplined Volatility Equity Active ETF		3.47%2.79%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PSP
Invesco Global Listed Private Equity ETF		5.82%5.87%8.62%3.96%2.88%10.34%4.66%5.87%6.81%10.18%4.12%6.23%

Frequently Asked Questions

PSP and BDVL have a correlation of 0.65, 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 1.44% for PSP.

PSP has the higher dividend yield at 5.82%, compared with 3.47% for BDVL.

PSP tracks Red Rocks Global Listed Private Equity Index, while BDVL tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 1.44% for PSP and 0.40% for BDVL.

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