DYNF vs. BNO
DYNF (BlackRock U.S. Equity Factor Rotation ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - DYNF is a Large Cap Growth Equities fund actively managed by BlackRock, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. DYNF is actively managed, while BNO is passively managed. Over the past 5 years, DYNF returned 15.11%/yr vs 23.48%/yr for BNO. At a 0.17 correlation, their price movements are largely independent. DYNF charges 0.30%/yr vs 0.90%/yr for BNO.
Performance
DYNF vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, DYNF achieves a 11.93% return, which is significantly lower than BNO's 85.31% return.
DYNF
- 1D
- 0.34%
- 1M
- 5.19%
- YTD
- 11.93%
- 6M
- 11.85%
- 1Y
- 30.76%
- 3Y*
- 26.47%
- 5Y*
- 15.11%
- 10Y*
- —
BNO
- 1D
- -2.71%
- 1M
- -9.80%
- YTD
- 85.31%
- 6M
- 79.66%
- 1Y
- 88.71%
- 3Y*
- 26.74%
- 5Y*
- 23.48%
- 10Y*
- 13.13%
DYNF vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DYNF BlackRock U.S. Equity Factor Rotation ETF | 11.93% | 20.00% | 30.29% | 36.25% | -20.27% | 22.12% | 13.47% | 14.07% |
BNO United States Brent Oil Fund LP | 85.31% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 8.71% |
Correlation
The correlation between DYNF and BNO is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.17 |
The correlation between DYNF and BNO shifts across timeframes, from -0.30 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DYNF vs. BNO — Risk / Return Rank
DYNF
BNO
DYNF vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Equity Factor Rotation ETF (DYNF) and United States Brent Oil Fund LP (BNO). 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.
| DYNF | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.99 | -1.42 |
| Martin ratioReturn relative to average drawdown | 17.29 | 9.39 | +7.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DYNF | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 2.15 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.67 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.14 | +0.70 |
Drawdowns
DYNF vs. BNO - Drawdown Comparison
The maximum DYNF drawdown since its inception was -34.72%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for DYNF and BNO.
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Drawdown Indicators
| DYNF | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -87.06% | +52.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -17.87% | +9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -23.75% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.65% | -33.70% | +5.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -0.24% | -12.72% | +12.48% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -40.16% | +34.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 9.48% | -7.70% |
Volatility
DYNF vs. BNO - Volatility Comparison
The current volatility for BlackRock U.S. Equity Factor Rotation ETF (DYNF) is 3.21%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.12%. This indicates that DYNF experiences smaller price fluctuations and is considered to be less risky than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DYNF | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 14.12% | -10.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 36.21% | -26.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 41.56% | -29.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 35.40% | -17.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 36.69% | -16.79% |
DYNF vs. BNO - Expense Ratio Comparison
DYNF has a 0.30% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
DYNF vs. BNO - Dividend Comparison
DYNF's dividend yield for the trailing twelve months is around 0.88%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 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
DYNF and BNO have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.12%) compared to DYNF (3.21%). In terms of maximum drawdown, DYNF dropped -34.72% vs BNO's -87.06%.
On 5-year performance, BNO leads with 23.48% vs 15.11% for DYNF. 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.
Over the 5-year period, BNO has performed better with a 23.48% return vs 15.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DYNF is cheaper with a 0.30% expense ratio, compared with 0.90% for BNO.
DYNF has the higher dividend yield at 0.88%, compared with 0.00% for BNO.
DYNF is categorized as Large Cap Growth Equities, while BNO is Oil & Gas. They also come from different issuers: BlackRock and Concierge Technologies. Their fees differ too: 0.30% for DYNF and 0.90% for BNO.
DYNF currently has the higher Sharpe Ratio (2.48 vs 2.15), 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.
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