CLOA vs. DYNF

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock AAA CLO ETF (CLOA) and BlackRock U.S. Equity Factor Rotation ETF (DYNF).

CLOA and DYNF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOA is an actively managed fund by BlackRock. It was launched on Jan 10, 2023. DYNF is an actively managed fund by BlackRock. It was launched on Mar 19, 2019.

Performance

CLOA vs. DYNF - Performance Comparison

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

CLOA vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CLOA BlackRock AAA CLO ETF	0.94%	5.44%	7.25%	8.38%
DYNF BlackRock U.S. Equity Factor Rotation ETF	-4.07%	20.00%	30.29%	30.93%

Returns By Period

In the year-to-date period, CLOA achieves a 0.94% return, which is significantly higher than DYNF's -4.07% return.

CLOA

• 1D: 0.04%
• 1M: 0.42%
• YTD: 0.94%
• 6M: 2.27%
• 1Y: 5.47%
• 3Y*: 6.87%
• 5Y*: —
• 10Y*: —

DYNF

• 1D: 3.10%
• 1M: -4.43%
• YTD: -4.07%
• 6M: -1.24%
• 1Y: 20.58%
• 3Y*: 22.69%
• 5Y*: 12.81%
• 10Y*: —

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

CLOA vs. DYNF - Expense Ratio Comparison

CLOA has a 0.20% expense ratio, which is lower than DYNF's 0.30% expense ratio.

DYNF

BlackRock U.S. Equity Factor Rotation ETF

CLOA

BlackRock AAA CLO ETF

Return for Risk

CLOA vs. DYNF — Risk / Return Rank

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

CLOA

CLOA Risk / Return Rank: 98
CLOA Sharpe Ratio Rank: 98
CLOA Sortino Ratio Rank: 98
CLOA Omega Ratio Rank: 99
CLOA Calmar Ratio Rank: 97
CLOA Martin Ratio Rank: 98

DYNF

DYNF Risk / Return Rank: 73
DYNF Sharpe Ratio Rank: 67
DYNF Sortino Ratio Rank: 70
DYNF Omega Ratio Rank: 71
DYNF Calmar Ratio Rank: 75
DYNF Martin Ratio Rank: 83

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.

CLOA vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock AAA CLO ETF (CLOA) 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.

	CLOA	DYNF	Difference
Sharpe ratio Return per unit of total volatility	3.34	1.14	+2.21
Sortino ratio Return per unit of downside risk	4.54	1.68	+2.86
Omega ratio Gain probability vs. loss probability	2.22	1.25	+0.97
Calmar ratio Return relative to maximum drawdown	5.01	1.86	+3.15
Martin ratio Return relative to average drawdown	36.22	8.87	+27.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLOA vs. DYNF - Sharpe Ratio Comparison

The current CLOA Sharpe Ratio is 3.34, which is higher than the DYNF Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of CLOA and DYNF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CLOA	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	1.14	+2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.12	0.72	+4.40

Correlation

The correlation between CLOA and DYNF is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CLOA vs. DYNF - Dividend Comparison

CLOA's dividend yield for the trailing twelve months is around 5.21%, more than DYNF's 1.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CLOA BlackRock AAA CLO ETF	5.21%	5.35%	6.01%	5.88%	0.00%	0.00%	0.00%	0.00%
DYNF BlackRock U.S. Equity Factor Rotation ETF	1.03%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%

Drawdowns

CLOA vs. DYNF - Drawdown Comparison

The maximum CLOA drawdown since its inception was -1.34%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for CLOA and DYNF.

Drawdown Indicators

	CLOA	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-1.34%	-34.72%	+33.38%
Max Drawdown (1Y) Largest decline over 1 year	-1.10%	-11.45%	+10.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.65%	—
Current Drawdown Current decline from peak	-0.04%	-5.83%	+5.79%
Average Drawdown Average peak-to-trough decline	-0.06%	-6.11%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	2.40%	-2.25%

Volatility

CLOA vs. DYNF - Volatility Comparison

The current volatility for BlackRock AAA CLO ETF (CLOA) is 0.27%, while BlackRock U.S. Equity Factor Rotation ETF (DYNF) has a volatility of 5.52%. This indicates that CLOA experiences smaller price fluctuations and is considered to be less risky than DYNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOA	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	5.52%	-5.25%
Volatility (6M) Calculated over the trailing 6-month period	0.51%	9.97%	-9.46%
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	18.19%	-16.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.35%	17.49%	-16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.35%	20.05%	-18.70%