DYNF vs SPY
iShares US Equity Factor Rotation Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DYNF or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. DYNF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 41.7%.
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 | DYNF | SPY |
|---|---|---|
| Expense Ratio | 0.26% | 0.09%Best |
| AUM | $41.4B | $814.4B |
| Dividend Yield | 0.80% | 1.01% |
| Holdings | 229 | 505 |
| YTD Return | +15.98%Best | +13.78% |
| 1Y Return | +23.92%Best | +21.44% |
| 3Y Return (annualized) | +25.29%Best | +21.38% |
| 5Y Return (annualized) | +15.17%Best | +12.80% |
| Volatility (annualized) | 16.7% | 16.5%Best |
| Max Drawdown | -34.7% | -34.1%Best |
| $10,000 over 5 years | $20,263Best | $18,262 |
| Top 10 Weight | 41.7% | 38.0%Best |
| Fund Family | BlackRock, Inc. (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 19, 2019 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 21, 2019 to Sep 3, 2026 (7.5 years).
DYNF vs SPY 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 7.5 years both funds cover.
DYNF vs SPY Performance
iShares US Equity Factor Rotation Active ETF (DYNF) is an ETF from BlackRock, Inc. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DYNF returned +23.92% while SPY returned +21.44%. Year to date, DYNF is up 15.98% versus a gain of 13.78% for SPY.
Over three years, DYNF compounded at +25.29% per year against +21.38% for SPY; over five years the annualized figures are +15.17% and +12.80% respectively. Across the full 8-year window we track, DYNF has the edge at +16.35% annualized vs +15.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DYNF has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 16.5% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.80% against 1.01% for SPY.
Holdings Overlap
97.2% of DYNF's money is in holdings SPY also owns. 76.2% of SPY's money is in holdings DYNF also owns.
Most of DYNF is already inside SPY. Owning both mostly buys the same companies twice.
171 positions in common, counted across the 227 positions we hold weights for in DYNF and 504 in SPY, against full books of 229 and 505.
What only one of them owns
Our book lists 325 positions for SPY that do not appear in our book for DYNF (23.3% of the fund), and 42 for DYNF that do not appear in SPY (2.2%).
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 DYNF | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.41% | 7.71% | 0.70% |
| AAPLApple, Inc | 7.30% | 6.83% | 0.47% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.15% | 5.50% | 0.35% |
| AMZNAmazon.Com Inc | 4.30% | 4.08% | 0.22% |
| AVGOBroadcom Inc | 2.98% | 2.97% | 0.01% |
| GOOGLAlphabet Inc.Class A | 2.59% | 3.33% | 0.74% |
| JPMJpmorgan Chase | 3.82% | 1.44% | 2.38% |
| GOOGAlphabet Inc. C | 2.14% | 2.67% | 0.53% |
| METAMeta Platform Inc | 2.20% | 1.94% | 0.26% |
| XOMExxon Mobil Corp. | 2.80% | 0.96% | 1.84% |
97.2% of DYNF is already inside SPY.
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, DYNF or SPY?
DYNF has an expense ratio of 0.26% while SPY charges 0.09%. SPY is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, DYNF or SPY?
Over the past year DYNF returned +23.92% vs +21.44% for SPY, so DYNF leads on 1-year performance. Over the longest common window we track (8 years), DYNF annualized +16.35% vs +15.48% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DYNF or SPY?
DYNF has been the more volatile fund at 16.7% annualized versus 16.5% for SPY. Worst drawdown: DYNF -34.7% vs SPY -34.1%.
Should I hold both DYNF and SPY?
DYNF and SPY have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DYNF and SPY?
97.2% of DYNF's money is in holdings SPY also owns. 76.2% of SPY's is in holdings DYNF also owns. They hold 171 positions in common, counted across the 227 positions we hold weights for in DYNF and 504 in SPY.
Which pays a higher dividend, DYNF or SPY?
DYNF yields 0.80% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than DYNF?
SPY has a lower expense ratio. DYNF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 41.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.