BDVL ETF — iShares Disciplined Volatility Equity Active ETF

iShares Disciplined Volatility Equity Active ETF (BDVL)

Updated October 16, 2026.

BDVL is an ETF. its distribution rate is 1.69%, its trailing-12-month yield is 3.45%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 10.1% over the past 1.1 years, 7.0 points behind SPY at 17.1%.

iShares Disciplined Volatility Equity Active ETF is an actively managed equity fund that invests at least 80% of its assets in equity securities, with the remainder in fixed-income and money market securities, seeking attractive risk-adjusted returns through disciplined volatility management. The fund distributes a modest current yield on a semi-annual basis and carries an expense ratio of 0.39%. It may appeal to income-focused investors who want equity exposure alongside an approach designed to manage volatility.

BDVL performance versus SPY

Price and return data through 2026-10-16.

Total return is 10.1% over the past 1.1 years, 7.0 points behind SPY at 17.1%. Its deepest 1-year drawdown was 7.7%.

BDVL key facts

Distribution Safety Score™

50 · Unproven

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

06/01/2017

Expense ratio

0.39%

Distribution rate

1.69%

Distribution frequency

Semi-Annual

Trailing yield

3.45%

Last close

$26.55 (as of 2026-10-16)

AUM

$1,764,751,677

Average volume

354185.0

Dividend

$0.224

Ex-dividend date

06/15/2026

Payment date

06/18/2026

Beta

0.63

How Dividend Vision calculates yield and returns

Distribution rate (1.69%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.45%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BDVL risks and drawbacks

BDVL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.7%.

Who may consider BDVL — and who may not

It is a weaker fit for investors who need monthly cash flow (BDVL pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BDVL

• All tickers starting with B

Tagged: Active.

Frequently asked questions

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