BMED vs. DYNF

Last updated Jun 5, 2026

BMED (Future Health ETF) and DYNF (BlackRock U.S. Equity Factor Rotation ETF) are both exchange-traded funds - BMED is a Health & Biotech Equities fund actively managed by BlackRock, while DYNF is a Large Cap Growth Equities fund actively managed by BlackRock. Both are actively managed. Over the past 5 years, BMED returned -0.08%/yr vs 15.11%/yr for DYNF. A 0.66 correlation means they provide meaningful diversification when combined. BMED charges 0.85%/yr vs 0.30%/yr for DYNF.

Performance

BMED vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Future Health ETF (BMED) and BlackRock U.S. Equity Factor Rotation ETF (DYNF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMED achieves a -5.19% return, which is significantly lower than DYNF's 11.93% return.

BMED

• 1D: 1.98%
• 1M: 2.19%
• YTD: -5.19%
• 6M: -5.93%
• 1Y: 17.59%
• 3Y*: 5.91%
• 5Y*: -0.08%
• 10Y*: —

DYNF

• 1D: 0.34%
• 1M: 5.19%
• YTD: 11.93%
• 6M: 11.85%
• 1Y: 30.76%
• 3Y*: 26.47%
• 5Y*: 15.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMED vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BMED Future Health ETF	-5.19%	21.79%	1.55%	5.70%	-19.69%	-3.96%	17.86%
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.93%	20.00%	30.29%	36.25%	-20.27%	22.12%	12.71%

Correlation

The correlation between BMED and DYNF is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020	0.66

Over the past year, the correlation between BMED and DYNF has dropped to 0.45 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

BMED vs. DYNF - Sectors Allocation Comparison

Sectors	BMED	DYNF
Healthcare	100.0%	6.6%
Consumer Defensive	1.5%	2.4%
Basic Materials	-	0.7%
Communication Services	-	11.7%
Consumer Cyclical	-	7.8%
Energy	-	1.9%
Financial Services	-	16.2%
Industrials	-	8.4%
Real Estate	-	1.9%
Technology	-	39.8%
Utilities	-	2.7%

Return for Risk

BMED vs. DYNF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMED

BMED Risk / Return Rank: 29
BMED Sharpe Ratio Rank: 33
BMED Sortino Ratio Rank: 33
BMED Omega Ratio Rank: 31
BMED Calmar Ratio Rank: 26
BMED Martin Ratio Rank: 24

DYNF

DYNF Risk / Return Rank: 77
DYNF Sharpe Ratio Rank: 78
DYNF Sortino Ratio Rank: 76
DYNF Omega Ratio Rank: 75
DYNF Calmar Ratio Rank: 72
DYNF Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMED vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Future Health ETF (BMED) and BlackRock U.S. Equity Factor Rotation ETF (DYNF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BMED	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.48	-1.32
Sortino ratio: Return per unit of downside risk	1.73	3.37	-1.64
Omega ratio: Gain probability vs. loss probability	1.20	1.44	-0.24
Calmar ratio: Return relative to maximum drawdown	1.19	3.57	-2.38
Martin ratio: Return relative to average drawdown	3.00	17.29	-14.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMED vs. DYNF - Sharpe Ratio Comparison

The current BMED Sharpe Ratio is 1.16, which is lower than the DYNF Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of BMED and DYNF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BMED	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	2.48	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.87	-0.87
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.83	-0.71

Drawdowns

BMED vs. DYNF - Drawdown Comparison

The maximum BMED drawdown since its inception was -36.44%, roughly equal to the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for BMED and DYNF.

Drawdown Indicators

	BMED	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-34.72%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-8.67%	-6.18%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-18.70%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	-28.65%	-5.25%
Current Drawdown Current decline from peak	-11.17%	-0.24%	-10.93%
Average Drawdown Average peak-to-trough decline	-19.08%	-5.97%	-13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	1.78%	+4.10%

Volatility

BMED vs. DYNF - Volatility Comparison

Future Health ETF (BMED) has a higher volatility of 4.74% compared to BlackRock U.S. Equity Factor Rotation ETF (DYNF) at 3.21%. This indicates that BMED's price experiences larger fluctuations and is considered to be riskier than DYNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMED	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	3.21%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	9.55%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	12.44%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	17.49%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	19.90%	-2.13%

BMED vs. DYNF - Expense Ratio Comparison

BMED has a 0.85% expense ratio, which is higher than DYNF's 0.30% expense ratio.

Dividends

BMED vs. DYNF - Dividend Comparison

BMED has not paid dividends to shareholders, while DYNF's dividend yield for the trailing twelve months is around 0.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BMED Future Health ETF	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%
DYNF BlackRock U.S. Equity Factor Rotation ETF	0.88%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%

Frequently Asked Questions

Can I hold both BMED and DYNF in my portfolio?

BMED and DYNF have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMED or DYNF?

BMED has higher volatility (4.74%) compared to DYNF (3.21%). In terms of maximum drawdown, BMED dropped -36.44% vs DYNF's -34.72%.

Which ETF is better, BMED or DYNF?

On 5-year performance, DYNF leads with 15.11% vs -0.08% for BMED. On fees, DYNF is cheaper at 0.30% per year. On volatility, DYNF has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BMED or DYNF?

Over the 5-year period, DYNF has performed better with a 15.11% return vs -0.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BMED or DYNF?

DYNF is cheaper with a 0.30% expense ratio, compared with 0.85% for BMED.

Which ETF pays a higher dividend yield, BMED or DYNF?

DYNF has the higher dividend yield at 0.88%, compared with 0.00% for BMED.

What is the main difference between BMED and DYNF?

BMED is categorized as Health & Biotech Equities, while DYNF is Large Cap Growth Equities. Their fees differ too: 0.85% for BMED and 0.30% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.48 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.