DYNF vs. BPAY

Last updated Jun 5, 2026

DYNF (BlackRock U.S. Equity Factor Rotation ETF) and BPAY (BlackRock Future Financial and Technology ETF) are both exchange-traded funds - DYNF is a Large Cap Growth Equities fund actively managed by BlackRock, while BPAY is a Financials Equities fund actively managed by BlackRock. Both are actively managed. Over the past 3 years, DYNF returned 26.47%/yr vs 9.60%/yr for BPAY. A 0.72 correlation means they provide meaningful diversification when combined. DYNF charges 0.30%/yr vs 0.70%/yr for BPAY.

Performance

DYNF vs. BPAY - Performance Comparison

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

Returns By Period

In the year-to-date period, DYNF achieves a 11.93% return, which is significantly higher than BPAY's -10.58% return.

DYNF

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

BPAY

• 1D: 2.12%
• 1M: -1.68%
• YTD: -10.58%
• 6M: -13.16%
• 1Y: -9.61%
• 3Y*: 9.60%
• 5Y*: —
• 10Y*: —

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

DYNF vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.93%	20.00%	30.29%	36.25%	-9.13%
BPAY BlackRock Future Financial and Technology ETF	-10.58%	8.54%	17.28%	13.19%	-16.39%

Correlation

The correlation between DYNF and BPAY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.72

The correlation between DYNF and BPAY has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

DYNF vs. BPAY - Sectors Allocation Comparison

Sectors	DYNF	BPAY
Technology	39.8%	36.4%
Financial Services	16.2%	53.0%
Communication Services	11.7%	-
Industrials	8.4%	4.6%
Consumer Cyclical	7.8%	6.0%
Healthcare	6.6%	-
Utilities	2.7%	-
Consumer Defensive	2.4%	-
Energy	1.9%	-
Real Estate	1.9%	2.2%
Basic Materials	0.7%	-

Return for Risk

DYNF vs. BPAY — Risk / Return Rank

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

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

BPAY

BPAY Risk / Return Rank: 6
BPAY Sharpe Ratio Rank: 6
BPAY Sortino Ratio Rank: 6
BPAY Omega Ratio Rank: 6
BPAY Calmar Ratio Rank: 6
BPAY Martin Ratio Rank: 6

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.

DYNF vs. BPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Equity Factor Rotation ETF (DYNF) and BlackRock Future Financial and Technology ETF (BPAY). 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	BPAY	Difference
Sharpe ratio: Return per unit of total volatility	2.48	-0.37	+2.85
Sortino ratio: Return per unit of downside risk	3.37	-0.35	+3.73
Omega ratio: Gain probability vs. loss probability	1.44	0.96	+0.48
Calmar ratio: Return relative to maximum drawdown	3.57	-0.29	+3.85
Martin ratio: Return relative to average drawdown	17.29	-0.56	+17.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DYNF vs. BPAY - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.48, which is higher than the BPAY Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of DYNF and BPAY, 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

	DYNF	BPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	-0.37	+2.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.08	+0.75

Drawdowns

DYNF vs. BPAY - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, roughly equal to the maximum BPAY drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for DYNF and BPAY.

Drawdown Indicators

	DYNF	BPAY	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-33.62%	-1.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-33.62%	+24.95%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-33.62%	+14.92%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	—	—
Current Drawdown Current decline from peak	-0.24%	-24.46%	+24.22%
Average Drawdown Average peak-to-trough decline	-5.97%	-10.55%	+4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	17.05%	-15.27%

Volatility

DYNF vs. BPAY - Volatility Comparison

The current volatility for BlackRock U.S. Equity Factor Rotation ETF (DYNF) is 3.21%, while BlackRock Future Financial and Technology ETF (BPAY) has a volatility of 7.26%. This indicates that DYNF experiences smaller price fluctuations and is considered to be less risky than BPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	BPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	7.26%	-4.05%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	18.84%	-9.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	26.06%	-13.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	24.36%	-6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	24.36%	-4.46%

DYNF vs. BPAY - Expense Ratio Comparison

DYNF has a 0.30% expense ratio, which is lower than BPAY's 0.70% expense ratio.

Dividends

DYNF vs. BPAY - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.88%, less than BPAY's 7.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BPAY BlackRock Future Financial and Technology ETF	7.25%	6.49%	0.48%	1.18%	0.18%	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 DYNF and BPAY in my portfolio?

DYNF and BPAY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYNF or BPAY?

BPAY has higher volatility (7.26%) compared to DYNF (3.21%). In terms of maximum drawdown, DYNF dropped -34.72% vs BPAY's -33.62%.

Which ETF is better, DYNF or BPAY?

On 3-year performance, DYNF leads with 26.47% vs 9.60% for BPAY. 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, DYNF or BPAY?

Over the 3-year period, DYNF has performed better with a 26.47% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYNF or BPAY?

DYNF is cheaper with a 0.30% expense ratio, compared with 0.70% for BPAY.

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

BPAY has the higher dividend yield at 7.25%, compared with 0.88% for DYNF.

What is the main difference between DYNF and BPAY?

DYNF is categorized as Large Cap Growth Equities, while BPAY is Financials Equities. Their fees differ too: 0.30% for DYNF and 0.70% for BPAY.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.48 vs -0.37), 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.