SIMS vs. BDVL

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR S&P Kensho Intelligent Structures ETF (SIMS) and iShares Disciplined Volatility Equity Active ETF (BDVL).

SIMS and BDVL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIMS is a passively managed fund by State Street that tracks the performance of the S&P Kensho Intelligent Infrastructure Index. It was launched on Dec 26, 2017. BDVL is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Minimum Volatility Index. It was launched on Sep 12, 2025. Both SIMS and BDVL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SIMS vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Intelligent Structures ETF (SIMS) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

SIMS vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
SIMS SPDR S&P Kensho Intelligent Structures ETF	0.39%	3.41%
BDVL iShares Disciplined Volatility Equity Active ETF	-0.63%	1.97%

Returns By Period

In the year-to-date period, SIMS achieves a 0.39% return, which is significantly higher than BDVL's -0.63% return.

SIMS

• 1D: 3.19%
• 1M: -6.56%
• YTD: 0.39%
• 6M: -0.54%
• 1Y: 36.91%
• 3Y*: 7.72%
• 5Y*: -0.69%
• 10Y*: —

BDVL

• 1D: 2.08%
• 1M: -5.45%
• YTD: -0.63%
• 6M: 1.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIMS vs. BDVL - Expense Ratio Comparison

SIMS has a 0.45% expense ratio, which is higher than BDVL's 0.40% expense ratio.

SIMS

SPDR S&P Kensho Intelligent Structures ETF

BDVL

iShares Disciplined Volatility Equity Active ETF

Return for Risk

SIMS vs. BDVL — Risk / Return Rank

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

SIMS

SIMS Risk / Return Rank: 72
SIMS Sharpe Ratio Rank: 74
SIMS Sortino Ratio Rank: 74
SIMS Omega Ratio Rank: 69
SIMS Calmar Ratio Rank: 82
SIMS Martin Ratio Rank: 61

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.

SIMS vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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.

	SIMS	BDVL	Difference
Sharpe ratio Return per unit of total volatility	1.35	—	—
Sortino ratio Return per unit of downside risk	1.88	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	2.31	—	—
Martin ratio Return relative to average drawdown	5.95	—	—
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

	SIMS	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.27	-0.07

Correlation

The correlation between SIMS and BDVL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SIMS vs. BDVL - Dividend Comparison

SIMS's dividend yield for the trailing twelve months is around 0.65%, less than BDVL's 2.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SIMS SPDR S&P Kensho Intelligent Structures ETF	0.65%	0.66%	0.88%	1.49%	1.48%	0.97%	0.58%	1.24%	0.85%
BDVL iShares Disciplined Volatility Equity Active ETF	2.81%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SIMS vs. BDVL - Drawdown Comparison

The maximum SIMS drawdown since its inception was -43.97%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for SIMS and BDVL.

Drawdown Indicators

	SIMS	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-43.97%	-7.71%	-36.26%
Max Drawdown (1Y) Largest decline over 1 year	-15.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.97%	—	—
Current Drawdown Current decline from peak	-11.64%	-5.45%	-6.19%
Average Drawdown Average peak-to-trough decline	-16.33%	-1.17%	-15.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	—	—

Volatility

Volatility by Period

	SIMS	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.54%	9.29%	+18.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.09%	9.29%	+15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.17%	9.29%	+16.88%