DYNF vs SPY
iShares US Equity Factor Rotation Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DYNF delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DYNF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.09% | |
| AUM | $38.2B | $789.1B | |
| Dividend Yield | 0.79% | 1.01% | |
| Holdings | 189 | 505 | |
| YTD Return | +15.47% | +13.79% | |
| 1Y Return | +25.95% | +23.66% | |
| 3Y Return (annualized) | +25.28% | +21.40% | |
| 5Y Return (annualized) | +15.44% | +13.37% | |
| Volatility (annualized) | 16.8% | 15.3% | |
| Max Drawdown | -34.7% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 19, 2019 | Jan 22, 1993 |
DYNF vs SPY Performance
iShares US Equity Factor Rotation Active ETF (DYNF) is a ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DYNF returned +25.95% while SPY returned +23.66%. Year to date, DYNF is up 15.47% versus a gain of 13.79% for SPY.
Over three years, DYNF compounded at +25.28% per year against +21.40% for SPY; over five years the annualized figures are +15.44% and +13.37% respectively. Across the full 7-year window we track, DYNF has the edge at +16.46% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DYNF has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 15.3% for SPY. 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 -34.7% for DYNF and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DYNF charges 0.26% per year while SPY charges 0.09%. On a $10,000 position that is $26 vs $9 annually, a gap of $17 per year that compounds over a long holding period. On income, DYNF currently yields 0.79% against 1.01% for SPY.
Holdings Overlap
DYNF and SPY share 145 holdings out of 546 unique holdings combined, representing a 61.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, DYNF or SPY?
DYNF has an expense ratio of 0.26% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, DYNF or SPY?
Over the past year DYNF returned +25.95% vs +23.66% for SPY, so DYNF leads on 1-year performance. Over the longest common window we track (7 years), DYNF annualized +16.46% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DYNF or SPY?
DYNF has been the more volatile fund at 16.8% annualized versus 15.3% for SPY. Worst drawdown: DYNF -34.7% vs SPY -56.5%.
Should I hold both DYNF and SPY?
DYNF and SPY have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DYNF and SPY?
DYNF and SPY share 145 common holdings with a 61.6% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, DYNF or SPY?
DYNF yields 0.79% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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