PSP vs. BDVL

Last updated Jun 4, 2026

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. A 0.65 correlation means they provide meaningful diversification when combined. 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.

Returns By Period

In the year-to-date period, PSP achieves a -13.50% return, which is significantly lower than BDVL's 4.71% return.

PSP

• 1D: -4.75%
• 1M: -5.00%
• YTD: -13.50%
• 6M: -10.48%
• 1Y: -7.74%
• 3Y*: 10.19%
• 5Y*: -0.12%
• 10Y*: 7.53%

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)

PSP vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
PSP Invesco Global Listed Private Equity ETF	-13.50%	-3.68%
BDVL iShares Disciplined Volatility Equity Active ETF	4.71%	1.97%

Correlation

The correlation between PSP and BDVL is 0.65, 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	0.65

PSP vs. BDVL - Sectors Allocation Comparison

Sectors	PSP	BDVL
Financial Services	90.7%	13.9%
Consumer Defensive	5.4%	6.3%
Industrials	3.2%	15.4%
Communication Services	1.0%	10.7%
Healthcare	0.5%	11.1%
Basic Materials	0.1%	2.6%
Technology	0.1%	23.0%
Consumer Cyclical	-	8.5%
Energy	-	2.8%
Real Estate	-	1.0%
Utilities	-	4.8%

Return for Risk

PSP vs. BDVL — Risk / Return Rank

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

PSP

PSP Risk / Return Rank: 5
PSP Sharpe Ratio Rank: 5
PSP Sortino Ratio Rank: 5
PSP Omega Ratio Rank: 5
PSP Calmar Ratio Rank: 6
PSP Martin Ratio Rank: 5

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.

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.

	PSP	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	—	—
Sortino ratio: Return per unit of downside risk	-0.41	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.35	—	—
Martin ratio: Return relative to average drawdown	-0.80	—	—
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

	PSP	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.01	-0.93

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.

Drawdown Indicators

	PSP	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-85.40%	-7.71%	-77.69%
Max Drawdown (1Y) Largest decline over 1 year	-22.37%	—	—
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	-17.72%	-0.95%	-16.77%
Average Drawdown Average peak-to-trough decline	-30.69%	-1.19%	-29.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.67%	—	—

Volatility

Volatility by Period

	PSP	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	9.49%	+10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.79%	9.49%	+14.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	9.49%	+12.96%

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 6.68%, more than BDVL's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDVL iShares Disciplined Volatility Equity Active ETF	2.66%	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	6.68%	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

Can I hold both PSP and BDVL in my portfolio?

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.

Which ETF is better, PSP 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, PSP or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 1.44% for PSP.

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

PSP has the higher dividend yield at 6.68%, compared with 2.66% for BDVL.

What is the main difference between PSP and 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.