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VEGA vs. BDVL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEGA vs. BDVL

Last updated Jun 4, 2026

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 0.78 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

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares STAR Global Buy-Write ETF (VEGA) 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, VEGA achieves a 7.10% return, which is significantly higher than BDVL's 4.71% return.

VEGA

1D
-0.52%
1M
3.04%
YTD
7.10%
6M
6.87%
1Y
18.86%
3Y*
13.94%
5Y*
7.25%
10Y*
7.95%

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)

VEGA vs. BDVL - Yearly Performance Comparison

2026 (YTD)2025
VEGA
AdvisorShares STAR Global Buy-Write ETF		7.10%3.05%
BDVL
iShares Disciplined Volatility Equity Active ETF		4.71%1.97%

Correlation

The correlation between VEGA and BDVL is 0.78, 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

0.78

VEGA vs. BDVL - Sectors Allocation Comparison

Sectors
VEGA
BDVL

Technology

31.7%
23.0%

Financial Services

14.6%
13.9%

Industrials

10.8%
15.4%

Consumer Cyclical

10.1%
8.5%

Communication Services

9.3%
10.7%

Healthcare

8.4%
11.1%

Consumer Defensive

4.6%
6.3%

Energy

3.5%
2.8%

Utilities

2.6%
4.8%

Basic Materials

2.6%
2.6%

Real Estate

1.8%
1.0%

Technology

VEGA
31.7%
BDVL
23.0%

Financial Services

VEGA
14.6%
BDVL
13.9%

Industrials

VEGA
10.8%
BDVL
15.4%

Consumer Cyclical

VEGA
10.1%
BDVL
8.5%

Communication Services

VEGA
9.3%
BDVL
10.7%

Healthcare

VEGA
8.4%
BDVL
11.1%

Consumer Defensive

VEGA
4.6%
BDVL
6.3%

Energy

VEGA
3.5%
BDVL
2.8%

Utilities

VEGA
2.6%
BDVL
4.8%

Basic Materials

VEGA
2.6%
BDVL
2.6%

Real Estate

VEGA
1.8%
BDVL
1.0%

Compare stocks, funds, or ETFs

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AdvisorShares STAR Global Buy-Write ETF

iShares Disciplined Volatility Equity Active ETF

Often compared with VEGA:
VEGA vs. SPYVEGA vs. JEPIVEGA vs. DIVOVEGA vs. CAPEVEGA vs. VTVEGA vs. AVTMVEGA vs. AVGV
Often compared with BDVL:
BDVL vs. CGGEBDVL vs. VTBDVL vs. DFAWBDVL vs. UFOBDVL vs. IVESBDVL vs. AVGVBDVL vs. PAWZ

Return for Risk

VEGA vs. BDVL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEGA
VEGA Risk / Return Rank: 6363
Overall Rank
VEGA Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VEGA Sortino Ratio Rank: 6464
Sortino Ratio Rank
VEGA Omega Ratio Rank: 6464
Omega Ratio Rank
VEGA Calmar Ratio Rank: 5656
Calmar Ratio Rank
VEGA Martin Ratio Rank: 6868
Martin Ratio Rank
BDVL
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.

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.

VEGABDVLDifference
Sharpe ratioReturn per unit of total volatility
2.09

—

—

Sortino ratioReturn per unit of downside risk
2.96

—

—

Omega ratioGain probability vs. loss probability

1.39

—

—

Calmar ratioReturn relative to maximum drawdown

2.76

—

—

Martin ratioReturn relative to average drawdown

12.41

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEGA vs. BDVL - Sharpe Ratio Comparison

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Sharpe Ratios by Period

VEGABDVLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

1.01

-0.49

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

VEGABDVLDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.52%

-0.95%

+0.43%

Average Drawdown

Average peak-to-trough decline

-3.79%

-1.19%

-2.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.52%

—

—

Volatility

VEGA vs. BDVL - Volatility Comparison

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Volatility by Period

VEGABDVLDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.71%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

7.45%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.06%

9.49%

-0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.29%

9.49%

+2.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.70%

9.49%

+3.21%

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 1.25%, less than BDVL's 2.66% yield.

PositionTTM2025202420232022202120202019201820172016
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%
VEGA
AdvisorShares STAR Global Buy-Write ETF		1.25%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 0.78, 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 2.66%, compared with 1.25% 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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