WAGN vs. BDVL

Last updated Jul 2, 2026

WAGN (Pabrai Wagons ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. WAGN is actively managed, while BDVL is passively managed. At a correlation of -1.00, they often move in opposite directions. WAGN charges 0.90%/yr vs 0.40%/yr for BDVL.

Performance

WAGN vs. BDVL - Performance Comparison

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

Returns By Period

WAGN

• 1D: -0.29%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDVL

• 1D: -0.27%
• 1M: 0.41%
• YTD: 5.35%
• 6M: 5.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WAGN vs. BDVL - Yearly Performance Comparison

	2026 (YTD)
WAGN Pabrai Wagons ETF	-1.29%
BDVL iShares Disciplined Volatility Equity Active ETF	0.19%

Correlation

The correlation between WAGN and BDVL is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026	-1.00

Return for Risk

WAGN vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) 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.

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

Drawdowns

WAGN vs. BDVL - Drawdown Comparison

The maximum WAGN drawdown since its inception was -1.29%, smaller than the maximum BDVL drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for WAGN and BDVL.

Drawdown Indicators

	WAGN	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-1.29%	-7.71%	+6.42%
Current Drawdown Current decline from peak	-1.29%	-0.83%	-0.46%
Average Drawdown Average peak-to-trough decline	-1.15%	-1.18%	+0.03%

Volatility

Volatility by Period

	WAGN	BDVL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.04%	9.61%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.04%	9.61%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.04%	9.61%	-1.57%

WAGN vs. BDVL - Expense Ratio Comparison

WAGN has a 0.90% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

WAGN vs. BDVL - Dividend Comparison

WAGN has not paid dividends to shareholders, while BDVL's dividend yield for the trailing twelve months is around 3.53%.

Position	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	3.53%	2.79%
WAGN Pabrai Wagons ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAGN and BDVL in my portfolio?

WAGN and BDVL have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAGN 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, WAGN or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.90% for WAGN.

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

BDVL has the higher dividend yield at 3.53%, compared with 0.00% for WAGN.

What is the main difference between WAGN and BDVL?

They also come from different issuers: Pabrai and iShares. Their fees differ too: 0.90% for WAGN and 0.40% for BDVL.