DYNF vs. PQVG.L

Last updated Jun 4, 2026

DYNF (BlackRock U.S. Equity Factor Rotation ETF) and PQVG.L (Invesco S&P 500 QVM UCITS ETF) are both exchange-traded funds - DYNF is a Large Cap Growth Equities fund actively managed by BlackRock, while PQVG.L is a S&P 500 fund tracking the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return). DYNF is actively managed, while PQVG.L is passively managed. Over the past 5 years, DYNF returned 15.04%/yr vs 15.37%/yr for PQVG.L. A 0.52 correlation means they provide meaningful diversification when combined. DYNF charges 0.30%/yr vs 0.35%/yr for PQVG.L.

Performance

DYNF vs. PQVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Equity Factor Rotation ETF (DYNF) and Invesco S&P 500 QVM UCITS ETF (PQVG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DYNF is traded in USD, while PQVG.L is traded in GBp. To make them comparable, the PQVG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DYNF achieves a 11.55% return, which is significantly lower than PQVG.L's 16.09% return.

DYNF

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

PQVG.L

• 1D: 0.39%
• 1M: 4.41%
• YTD: 16.09%
• 6M: 16.95%
• 1Y: 23.04%
• 3Y*: 24.52%
• 5Y*: 15.37%
• 10Y*: —

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

DYNF vs. PQVG.L - 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%
PQVG.L Invesco S&P 500 QVM UCITS ETF	16.09%	13.83%	30.09%	6.31%	0.51%	26.62%	7.64%	11.69%

Correlation

The correlation between DYNF and PQVG.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.52

The correlation between DYNF and PQVG.L has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

DYNF vs. PQVG.L - Sectors Allocation Comparison

Sectors	DYNF	PQVG.L
Technology	39.8%	24.3%
Financial Services	16.2%	21.8%
Communication Services	11.7%	10.4%
Industrials	8.4%	15.6%
Consumer Cyclical	7.8%	4.3%
Healthcare	6.6%	9.5%
Utilities	2.7%	0.8%
Consumer Defensive	2.4%	5.6%
Energy	1.9%	5.6%
Real Estate	1.9%	-
Basic Materials	0.7%	2.2%

Return for Risk

DYNF vs. PQVG.L — 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

PQVG.L

PQVG.L Risk / Return Rank: 76
PQVG.L Sharpe Ratio Rank: 69
PQVG.L Sortino Ratio Rank: 72
PQVG.L Omega Ratio Rank: 67
PQVG.L Calmar Ratio Rank: 91
PQVG.L Martin Ratio Rank: 84

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. PQVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Equity Factor Rotation ETF (DYNF) and Invesco S&P 500 QVM UCITS ETF (PQVG.L). 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	PQVG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.17	+0.27
Sortino ratio: Return per unit of downside risk	3.32	3.33	-0.01
Omega ratio: Gain probability vs. loss probability	1.43	1.37	+0.06
Calmar ratio: Return relative to maximum drawdown	3.50	4.53	-1.03
Martin ratio: Return relative to average drawdown	16.97	15.82	+1.15
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. PQVG.L - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.44, which is comparable to the PQVG.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of DYNF and PQVG.L, 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	PQVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.17	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.97	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.88	-0.05

Drawdowns

DYNF vs. PQVG.L - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, roughly equal to the maximum PQVG.L drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for DYNF and PQVG.L.

Drawdown Indicators

	DYNF	PQVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-33.94%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-5.07%	-3.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-15.73%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-17.27%	-11.38%
Current Drawdown Current decline from peak	-0.57%	-0.41%	-0.16%
Average Drawdown Average peak-to-trough decline	-5.98%	-3.96%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.45%	+0.33%

Volatility

DYNF vs. PQVG.L - Volatility Comparison

BlackRock U.S. Equity Factor Rotation ETF (DYNF) has a higher volatility of 3.27% compared to Invesco S&P 500 QVM UCITS ETF (PQVG.L) at 2.63%. This indicates that DYNF's price experiences larger fluctuations and is considered to be riskier than PQVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	PQVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	2.63%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	8.21%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	10.60%	+1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	15.89%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	16.92%	+2.98%

DYNF vs. PQVG.L - Expense Ratio Comparison

DYNF has a 0.30% expense ratio, which is lower than PQVG.L's 0.35% expense ratio.

Dividends

DYNF vs. PQVG.L - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.89%, more than PQVG.L's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PQVG.L Invesco S&P 500 QVM UCITS ETF	0.78%	0.82%	0.82%	1.61%	1.77%	0.87%	1.59%	1.41%	1.30%	0.72%

Frequently Asked Questions

Can I hold both DYNF and PQVG.L in my portfolio?

DYNF and PQVG.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DYNF or PQVG.L?

On fees, DYNF is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DYNF or PQVG.L?

DYNF is cheaper with a 0.30% expense ratio, compared with 0.35% for PQVG.L.

What is the main difference between DYNF and PQVG.L?

DYNF is categorized as Large Cap Growth Equities, while PQVG.L is S&P 500. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.30% for DYNF and 0.35% for PQVG.L.