BDVL vs SPY

Comparison between iShares Disciplined Volatility Equity Active ETF (BDVL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

BDVL vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BDVL(ETF)	SPY(ETF)
Net Assets	$1.50B	$652B
Expense Ratio	0.40%	0.09%
Max Drawdown	7.71%	56.47%
Sharpe Ratio	0.78	2.07
5Y Beta	0.63	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BDVL

$1.50B

Winner

SPY

$652B

Expense Ratio

BDVL

0.40%

Winner

SPY

0.09%

Max Drawdown

Winner

BDVL

7.71%

SPY

56.47%

Sharpe Ratio

BDVL

0.78

Winner

SPY

2.07

5Y Beta

Winner

BDVL

0.63

SPY

1.00

P/E Ratio

BDVL

N/A

SPY

28.24

Forward P/E

BDVL

N/A

SPY

21.85

5Y Dividends CAGR

BDVL

N/A

SPY

5.43%

5Y EPS CAGR

BDVL

N/A

SPY

25.79%

Debt to Equity

BDVL

N/A

SPY

22.35%

P/S Ratio

BDVL

N/A

SPY

3.55

P/B Ratio

BDVL

N/A

SPY

5.29

BDVL vs SPY - Holdings Comparison

BDVL and SPY have 149 common holdings. Overlap is 10.19%

BDVL's top 25 holdings weight is 40.88%. SPY's top 25 holdings weight is 51.32%.

Rank	BDVL	SPY
#1	INR/USD PURCHASED (n/a) - 4.83%	NVIDIA CORP (NVDA) - 8.45%
#2	JPY/USD PURCHASED (n/a) - 3.78%	APPLE INC (AAPL) - 6.48%
#3	ISHARES MSCI INDIA ETF (INDA) - 3.18%	MICROSOFT CORP (MSFT) - 5.20%
#4	USD CASH (n/a) - 3.12%	AMAZON.COM INC (AMZN) - 4.14%
#5	HKD/USD PURCHASED (n/a) - 2.90%	ALPHABET INC CLASS A (GOOGL) - 3.32%
#6	EUR/USD PURCHASED (n/a) - 2.75%	BROADCOM INC (AVGO) - 3.09%
#7	CAD/USD PURCHASED (n/a) - 1.76%	ALPHABET INC CLASS C (GOOG) - 2.65%
#8	MICROSOFT CORP (MSFT) - 1.39%	META PLATFORMS INC CLASS A (META) - 2.40%
#9	ASML HOLDING NV (n/a) - 1.25%	TESLA INC (TSLA) - 1.73%
#10	VERIZON COMMUNICATIONS INC (VZ) - 1.24%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43%
#11	ALPHABET INC CLASS C (GOOG) - 1.20%	JPMORGAN CHASE & CO (JPM) - 1.37%
#12	AMPHENOL CORP CLASS A (APH) - 1.18%	ELI LILLY AND CO (LLY) - 1.13%
#13	HOWMET AEROSPACE INC (HWM) - 1.15%	EXXON MOBIL CORP (XOM) - 1.03%
#14	AMAZON.COM INC (AMZN) - 1.15%	MICRON TECHNOLOGY INC (MU) - 0.93%
#15	JOHNSON & JOHNSON (JNJ) - 1.10%	WALMART INC (WMT) - 0.91%
#16	AUD/USD PURCHASED (n/a) - 1.03%	JOHNSON & JOHNSON (JNJ) - 0.90%
#17	SOUTHERN CO (SO) - 0.99%	ADVANCED MICRO DEVICES INC (AMD) - 0.86%
#18	LAM RESEARCH CORP (LRCX) - 0.99%	VISA INC CLASS A (V) - 0.85%
#19	META PLATFORMS INC CLASS A (META) - 0.96%	COSTCO WHOLESALE CORP (COST) - 0.72%
#20	MOTOROLA SOLUTIONS INC (MSI) - 0.96%	MASTERCARD INC CLASS A (MA) - 0.67%
#21	CENCORA INC (COR) - 0.94%	INTEL CORP (INTC) - 0.65%
#22	PROCTER & GAMBLE CO (PG) - 0.90%	NETFLIX INC (NFLX) - 0.64%
#23	THB/USD PURCHASED (n/a) - 0.87%	CATERPILLAR INC (CAT) - 0.62%
#24	KRW/USD PURCHASED (n/a) - 0.63%	CHEVRON CORP (CVX) - 0.58%
#25	CHF/USD PURCHASED (n/a) - 0.63%	PROCTER & GAMBLE CO (PG) - 0.57%
Total Holdings	529	505

BDVL vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BDVL	SPY
1 month	+1.94%	+9.11%
3 months	+2.28%	+6.59%
6 months	+7.52%	+10.56%
1 year	N/A	+32.04%
5 years(CAGR)	N/A	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+11.37%	+8.50%

BDVL

+1.94%

Winner

SPY

+9.11%

BDVL

+2.28%

Winner

SPY

+6.59%

BDVL

+7.52%

Winner

SPY

+10.56%

BDVL

N/A

SPY

+32.04%

5Y(CAGR)

BDVL

N/A

SPY

+13.35%

10Y(CAGR)

BDVL

N/A

SPY

+15.49%

Max(CAGR)

Winner

BDVL

+11.37%

SPY

+8.50%

BDVL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BDVL	SPY
2026	+5.21%	+8.27%
2025	+1.98%	+18.00%
2024	N/A	+25.59%
2023	N/A	+26.72%
2022	N/A	-18.64%
2021	N/A	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BDVL vs SPY Drawdown Comparison

The maximum drawdown for BDVL was -7.71%, occurring on Mar 27, 2026. Recovery took 47 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BDVL drawdown is -0.55%.

Rank	BDVL	SPY
#1	-7.71% Feb 27, 2026 - May 6, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-3.36% Nov 12, 2025 - Dec 5, 2025	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-1.99% Sep 17, 2025 - Oct 20, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-1.48% Jan 12, 2026 - Jan 26, 2026	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-1.43% Oct 27, 2025 - Nov 11, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-1.05% Jan 27, 2026 - Feb 9, 2026	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-0.87% Dec 11, 2025 - Dec 22, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-0.77% May 6, 2026 - May 7, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-0.75% Dec 26, 2025 - Jan 6, 2026	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-0.69% Dec 5, 2025 - Dec 11, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-0.64% Feb 11, 2026 - Feb 20, 2026	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-0.64% Oct 20, 2025 - Oct 27, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.61% Feb 20, 2026 - Feb 24, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.33% Sep 15, 2025 - Sep 17, 2025	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.33% Jan 6, 2026 - Jan 9, 2026	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BDVL and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (1999 - 2026)

BDVL vs SPY dividend yield comparison.

Year	BDVL	SPY
2026	0.00%	0.24%
2025	2.79%	1.07%
2024	0.00%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%