DYNF vs. BPAY

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock U.S. Equity Factor Rotation ETF (DYNF) and BlackRock Future Financial and Technology ETF (BPAY).

DYNF and BPAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DYNF is an actively managed fund by BlackRock. It was launched on Mar 19, 2019. BPAY is an actively managed fund by BlackRock. It was launched on Aug 16, 2022.

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.

DYNF vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DYNF BlackRock U.S. Equity Factor Rotation ETF	-3.16%	20.00%	30.29%	36.25%	-9.13%
BPAY BlackRock Future Financial and Technology ETF	-18.60%	8.54%	17.28%	13.19%	-16.39%

Returns By Period

In the year-to-date period, DYNF achieves a -3.16% return, which is significantly higher than BPAY's -18.60% return.

DYNF

• 1D: 0.95%
• 1M: -3.65%
• YTD: -3.16%
• 6M: -0.32%
• 1Y: 21.29%
• 3Y*: 23.07%
• 5Y*: 13.03%
• 10Y*: —

BPAY

• 1D: -0.02%
• 1M: -7.36%
• YTD: -18.60%
• 6M: -26.54%
• 1Y: -4.51%
• 3Y*: 8.29%
• 5Y*: —
• 10Y*: —

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

DYNF vs. BPAY - Expense Ratio Comparison

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

BPAY

BlackRock Future Financial and Technology ETF

DYNF

BlackRock U.S. Equity Factor Rotation ETF

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: 70
DYNF Sharpe Ratio Rank: 64
DYNF Sortino Ratio Rank: 66
DYNF Omega Ratio Rank: 69
DYNF Calmar Ratio Rank: 71
DYNF Martin Ratio Rank: 79

BPAY

BPAY Risk / Return Rank: 9
BPAY Sharpe Ratio Rank: 9
BPAY Sortino Ratio Rank: 9
BPAY Omega Ratio Rank: 9
BPAY Calmar Ratio Rank: 10
BPAY Martin Ratio Rank: 10

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	1.17	-0.15	+1.33
Sortino ratio Return per unit of downside risk	1.73	-0.02	+1.75
Omega ratio Gain probability vs. loss probability	1.26	1.00	+0.26
Calmar ratio Return relative to maximum drawdown	1.90	-0.11	+2.00
Martin ratio Return relative to average drawdown	8.99	-0.26	+9.26
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 1.17, which is higher than the BPAY Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of DYNF and BPAY, 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

	DYNF	BPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	-0.15	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	-0.02	+0.75

Correlation

The correlation between DYNF and BPAY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DYNF vs. BPAY - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 1.02%, less than BPAY's 7.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
DYNF BlackRock U.S. Equity Factor Rotation ETF	1.02%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%
BPAY BlackRock Future Financial and Technology ETF	7.97%	6.49%	0.48%	1.18%	0.18%	0.00%	0.00%	0.00%

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	-11.45%	-33.62%	+22.17%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	—	—
Current Drawdown Current decline from peak	-4.94%	-31.23%	+26.29%
Average Drawdown Average peak-to-trough decline	-6.11%	-9.88%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	13.77%	-11.35%

Volatility

DYNF vs. BPAY - Volatility Comparison

The current volatility for BlackRock U.S. Equity Factor Rotation ETF (DYNF) is 5.59%, while BlackRock Future Financial and Technology ETF (BPAY) has a volatility of 7.85%. 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	5.59%	7.85%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	19.02%	-9.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.21%	29.27%	-11.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	24.19%	-6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.05%	24.19%	-4.14%