BLCV vs DIVL
iShares Large Cap Value Active ETF vs Madison Dividend Value ETF
Which is better, BLCV or DIVL?
BLCV has been ahead.
BLCV has a lower expense ratio. BLCV led over 1Y, 3Y and the full window. DIVL is less concentrated, with 41.2% of the fund in its ten largest positions against 42.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BLCV | DIVL |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.65% |
| AUM | $347M | $61M |
| Dividend Yield | 1.30% | 1.83% |
| Holdings | 56 | 40 |
| YTD Return | +12.91%Best | +10.65% |
| 1Y Return | +20.02%Best | +12.67% |
| 3Y Return (annualized) | +19.66%Best | +12.06% |
| Volatility (annualized) | 13.4% | 12.0%Best |
| Max Drawdown | -13.4%Best | -14.1% |
| $10,000 over 3.2 years | $16,846Best | $13,610 |
| Top 10 Weight | 42.0% | 41.2%Best |
| Fund Family | BlackRock, Inc. (US) | Madison Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 19, 2023 | Aug 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
BLCV vs DIVL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
BLCV vs DIVL Performance
iShares Large Cap Value Active ETF (BLCV) is an ETF from BlackRock, Inc. (US) and Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds. Over the past year BLCV returned +20.02% while DIVL returned +12.67%. Year to date, BLCV is up 12.91% versus a gain of 10.65% for DIVL.
Over three years, BLCV compounded at +19.66% per year against +12.06% for DIVL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BLCV has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 12.0% for DIVL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.4% for BLCV and -14.1% for DIVL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BLCV charges 0.45% per year while DIVL charges 0.65%. On a $10,000 position that is $45 vs $65 annually, a gap of $20 per year that compounds over a long holding period. On income, BLCV currently yields 1.30% against 1.83% for DIVL.
Holdings Overlap
12.9% of BLCV's money is in holdings DIVL also owns. 24.2% of DIVL's money is in holdings BLCV also owns.
DIVL and BLCV share little of their money.
7 positions in common, counted across the 54 positions we hold weights for in BLCV and 37 in DIVL, against full books of 56 and 40.
What only one of them owns
Our book lists 29 positions for DIVL that do not appear in our book for BLCV (74.5% of the fund), and 46 for BLCV that do not appear in DIVL (84.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BLCV | Weight in DIVL | Difference |
|---|---|---|---|
| CVXChevron Corp | 3.82% | 5.27% | 1.45% |
| JNJJohnson & Johnson - Common | 2.25% | 5.57% | 3.32% |
| SCHWSchwab Strategic T | 2.96% | 1.50% | 1.46% |
| MDTMedtronic Plc Ordinary Shares | 1.46% | 2.80% | 1.34% |
| HDHome Depot Inc/The | 1.42% | 2.46% | 1.04% |
| PGProcter & Gamble Company | 0.48% | 3.38% | 2.90% |
| TXNTexas Instrument Inc | 0.50% | 3.20% | 2.70% |
24.2% of DIVL is already inside BLCV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BLCV or DIVL?
BLCV has an expense ratio of 0.45% while DIVL charges 0.65%. BLCV is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, BLCV or DIVL?
Over the past year BLCV returned +20.02% vs +12.67% for DIVL, so BLCV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BLCV or DIVL?
BLCV has been the more volatile fund at 13.4% annualized versus 12.0% for DIVL. Worst drawdown: BLCV -13.4% vs DIVL -14.1%.
Should I hold both BLCV and DIVL?
BLCV and DIVL have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BLCV and DIVL?
24.2% of DIVL's money is in holdings BLCV also owns. 24.2% of DIVL's is in holdings BLCV also owns. They hold 7 positions in common, counted across the 54 positions we hold weights for in BLCV and 37 in DIVL.
Which pays a higher dividend, BLCV or DIVL?
BLCV yields 1.30% while DIVL yields 1.83%, so DIVL currently pays the higher dividend yield.
Is DIVL better than BLCV?
BLCV has a lower expense ratio. BLCV led over 1Y, 3Y and the full window. DIVL is less concentrated, with 41.2% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.