VEGA vs. BDVL
VEGA (AdvisorShares STAR Global Buy-Write ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. VEGA is actively managed, while BDVL is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. VEGA charges 2.02%/yr vs 0.40%/yr for BDVL.
Performance
VEGA vs. BDVL - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 5.66% return, which is significantly higher than BDVL's 4.73% return.
VEGA
- 1D
- -1.18%
- 1M
- -0.24%
- YTD
- 5.66%
- 6M
- 4.89%
- 1Y
- 16.81%
- 3Y*
- 13.24%
- 5Y*
- 6.73%
- 10Y*
- 7.93%
BDVL
- 1D
- -0.97%
- 1M
- -0.75%
- YTD
- 4.73%
- 6M
- 4.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEGA vs. BDVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 5.66% | 3.22% |
BDVL iShares Disciplined Volatility Equity Active ETF | 4.73% | 2.20% |
Correlation
The correlation between VEGA and BDVL is 0.79, 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 | 0.79 |
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Return for Risk
VEGA vs. BDVL — Risk / Return Rank
VEGA
BDVL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEGA vs. BDVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) 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.
| VEGA | BDVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | — | — |
| Martin ratioReturn relative to average drawdown | 10.76 | — | — |
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Drawdowns
VEGA vs. BDVL - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for VEGA and BDVL.
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Drawdown Indicators
| VEGA | BDVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -7.71% | -20.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.41% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -1.18% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | — | — |
Volatility
VEGA vs. BDVL - Volatility Comparison
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Volatility by Period
| VEGA | BDVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.61% | 9.71% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 9.71% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 9.71% | +3.03% |
VEGA vs. BDVL - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than BDVL's 0.40% expense ratio.
Dividends
VEGA vs. BDVL - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.27%, less than BDVL's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDVL iShares Disciplined Volatility Equity Active ETF | 3.56% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.27% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
VEGA and BDVL have a correlation of 0.79, 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 2.02% for VEGA.
BDVL has the higher dividend yield at 3.56%, compared with 1.27% for VEGA.
They also come from different issuers: AdvisorShares and iShares. Their fees differ too: 2.02% for VEGA and 0.40% for BDVL.
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