DYNF vs. HDMV

Last updated Jun 4, 2026

DYNF (BlackRock U.S. Equity Factor Rotation ETF) and HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) are both exchange-traded funds - DYNF is a Large Cap Growth Equities fund actively managed by BlackRock, while HDMV is a Foreign Large Cap Equities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, DYNF returned 15.04%/yr vs 6.31%/yr for HDMV. A 0.63 correlation means they provide meaningful diversification when combined. DYNF charges 0.30%/yr vs 0.80%/yr for HDMV.

Performance

DYNF vs. HDMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Equity Factor Rotation ETF (DYNF) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DYNF achieves a 11.55% return, which is significantly higher than HDMV's 4.23% return.

DYNF

• 1D: -0.57%
• 1M: 5.74%
• YTD: 11.55%
• 6M: 11.74%
• 1Y: 30.19%
• 3Y*: 26.22%
• 5Y*: 15.04%
• 10Y*: —

HDMV

• 1D: -0.67%
• 1M: -1.37%
• YTD: 4.23%
• 6M: 5.97%
• 1Y: 9.53%
• 3Y*: 12.63%
• 5Y*: 6.31%
• 10Y*: —

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

DYNF vs. HDMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.55%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.07%
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	4.23%	29.31%	2.99%	9.62%	-11.47%	7.39%	-9.42%	5.41%

Correlation

The correlation between DYNF and HDMV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.63

The correlation between DYNF and HDMV shifts across timeframes, from 0.46 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

DYNF vs. HDMV - Sectors Allocation Comparison

Sectors	DYNF	HDMV
Technology	39.8%	0.9%
Financial Services	16.2%	24.4%
Communication Services	11.7%	9.4%
Industrials	8.4%	15.2%
Consumer Cyclical	7.8%	2.7%
Healthcare	6.6%	3.1%
Utilities	2.7%	14.6%
Consumer Defensive	2.4%	13.0%
Energy	1.9%	1.8%
Real Estate	1.9%	13.8%
Basic Materials	0.7%	1.0%

Return for Risk

DYNF vs. HDMV — Risk / Return Rank

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

DYNF

DYNF Risk / Return Rank: 73
DYNF Sharpe Ratio Rank: 73
DYNF Sortino Ratio Rank: 71
DYNF Omega Ratio Rank: 71
DYNF Calmar Ratio Rank: 69
DYNF Martin Ratio Rank: 83

HDMV

HDMV Risk / Return Rank: 24
HDMV Sharpe Ratio Rank: 24
HDMV Sortino Ratio Rank: 22
HDMV Omega Ratio Rank: 23
HDMV Calmar Ratio Rank: 24
HDMV Martin Ratio Rank: 26

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. HDMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Equity Factor Rotation ETF (DYNF) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV). 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	HDMV	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.86	+1.58
Sortino ratio: Return per unit of downside risk	3.32	1.23	+2.09
Omega ratio: Gain probability vs. loss probability	1.43	1.16	+0.27
Calmar ratio: Return relative to maximum drawdown	3.50	1.10	+2.40
Martin ratio: Return relative to average drawdown	16.97	3.41	+13.55
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. HDMV - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.44, which is higher than the HDMV Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of DYNF and HDMV, 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	HDMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	0.86	+1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.53	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.40	+0.42

Drawdowns

DYNF vs. HDMV - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, which is greater than HDMV's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for DYNF and HDMV.

Drawdown Indicators

	DYNF	HDMV	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-32.01%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-8.73%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-10.33%	-8.37%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-24.11%	-4.54%
Current Drawdown Current decline from peak	-0.57%	-6.05%	+5.48%
Average Drawdown Average peak-to-trough decline	-5.98%	-6.77%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.80%	-1.02%

Volatility

DYNF vs. HDMV - Volatility Comparison

The current volatility for BlackRock U.S. Equity Factor Rotation ETF (DYNF) is 3.27%, while First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) has a volatility of 3.83%. This indicates that DYNF experiences smaller price fluctuations and is considered to be less risky than HDMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	HDMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.83%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	9.38%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	11.16%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	12.05%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	13.24%	+6.66%

DYNF vs. HDMV - Expense Ratio Comparison

DYNF has a 0.30% expense ratio, which is lower than HDMV's 0.80% expense ratio.

Dividends

DYNF vs. HDMV - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.89%, less than HDMV's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DYNF BlackRock U.S. Equity Factor Rotation ETF	0.89%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%	0.00%
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	4.70%	5.09%	3.24%	3.14%	3.53%	3.11%	1.45%	3.63%	2.88%	3.23%	0.18%

Frequently Asked Questions

Can I hold both DYNF and HDMV in my portfolio?

DYNF and HDMV have a correlation of 0.49, 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 HDMV?

HDMV has higher volatility (3.83%) compared to DYNF (3.27%). In terms of maximum drawdown, DYNF dropped -34.72% vs HDMV's -32.01%.

Which ETF is better, DYNF or HDMV?

On 5-year performance, DYNF leads with 15.04% vs 6.31% for HDMV. On fees, DYNF is cheaper at 0.30% per year. On volatility, DYNF has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYNF or HDMV?

Over the 5-year period, DYNF has performed better with a 15.04% return vs 6.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYNF or HDMV?

DYNF is cheaper with a 0.30% expense ratio, compared with 0.80% for HDMV.

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

HDMV has the higher dividend yield at 4.70%, compared with 0.89% for DYNF.

What is the main difference between DYNF and HDMV?

DYNF is categorized as Large Cap Growth Equities, while HDMV is Foreign Large Cap Equities. They also come from different issuers: BlackRock and First Trust. Their fees differ too: 0.30% for DYNF and 0.80% for HDMV.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.44 vs 0.86), 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.