DYNF vs. RING

Last updated Jun 16, 2026

DYNF (iShares U.S. Equity Factor Rotation Active ETF) and RING (iShares MSCI Global Gold Miners ETF) are both exchange-traded funds - DYNF is a Large Cap Blend Equities fund actively managed by iShares, while RING is a Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index. DYNF is actively managed, while RING is passively managed. Over the past 5 years, DYNF returned 15.35%/yr vs 21.24%/yr for RING. At a 0.22 correlation, their price movements are largely independent. DYNF charges 0.26%/yr vs 0.39%/yr for RING.

Performance

DYNF vs. RING - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Equity Factor Rotation Active ETF (DYNF) and iShares MSCI Global Gold Miners ETF (RING). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DYNF achieves a 12.25% return, which is significantly higher than RING's 0.45% return.

DYNF

• 1D: 2.16%
• 1M: 2.71%
• YTD: 12.25%
• 6M: 12.86%
• 1Y: 31.46%
• 3Y*: 25.36%
• 5Y*: 15.35%
• 10Y*: —

RING

• 1D: 6.34%
• 1M: -2.70%
• YTD: 0.45%
• 6M: 2.11%
• 1Y: 63.84%
• 3Y*: 47.07%
• 5Y*: 21.24%
• 10Y*: 14.40%

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

DYNF vs. RING - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DYNF iShares U.S. Equity Factor Rotation Active ETF	12.25%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.75%
RING iShares MSCI Global Gold Miners ETF	0.45%	164.72%	15.98%	12.29%	-15.40%	-7.46%	24.98%	36.61%

Correlation

The correlation between DYNF and RING is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.22

The correlation between DYNF and RING shifts across timeframes, from 0.22 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

DYNF vs. RING - Sectors Allocation Comparison

Sectors	DYNF	RING
Technology	40.1%	-
Financial Services	14.9%	-
Communication Services	10.7%	-
Industrials	8.4%	-
Consumer Cyclical	7.1%	-
Healthcare	6.1%	-
Energy	5.0%	-
Utilities	2.8%	-
Real Estate	2.0%	-
Consumer Defensive	1.7%	-
Basic Materials	0.8%	100.0%

Return for Risk

DYNF vs. RING — Risk / Return Rank

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

DYNF

DYNF Risk / Return Rank: 82
DYNF Sharpe Ratio Rank: 84
DYNF Sortino Ratio Rank: 82
DYNF Omega Ratio Rank: 82
DYNF Calmar Ratio Rank: 78
DYNF Martin Ratio Rank: 88

RING

RING Risk / Return Rank: 39
RING Sharpe Ratio Rank: 42
RING Sortino Ratio Rank: 36
RING Omega Ratio Rank: 41
RING Calmar Ratio Rank: 40
RING Martin Ratio Rank: 36

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. RING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Equity Factor Rotation Active ETF (DYNF) and iShares MSCI Global Gold Miners ETF (RING). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DYNF	RING	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.35	+1.06
Sortino ratio: Return per unit of downside risk	3.23	1.75	+1.47
Omega ratio: Gain probability vs. loss probability	1.43	1.24	+0.19
Calmar ratio: Return relative to maximum drawdown	3.65	1.80	+1.85
Martin ratio: Return relative to average drawdown	17.10	5.00	+12.10

DYNF vs. RING - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.41, which is higher than the RING Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of DYNF and RING, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DYNF vs. RING - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for DYNF and RING.

Drawdown Indicators

	DYNF	RING	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-79.47%	+44.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-35.72%	+27.05%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-35.72%	+17.02%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-47.94%	+19.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.04%	—
Current Drawdown Current decline from peak	0.00%	-25.60%	+25.60%
Average Drawdown Average peak-to-trough decline	-5.96%	-47.36%	+41.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	12.84%	-10.99%

Volatility

DYNF vs. RING - Volatility Comparison

The current volatility for iShares U.S. Equity Factor Rotation Active ETF (DYNF) is 5.25%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 18.14%. This indicates that DYNF experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	RING	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	18.14%	-12.89%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	39.41%	-28.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	47.69%	-34.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	36.92%	-19.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	36.73%	-16.81%

DYNF vs. RING - Expense Ratio Comparison

DYNF has a 0.26% expense ratio, which is lower than RING's 0.39% expense ratio.

Dividends

DYNF vs. RING - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 1.06%, less than RING's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DYNF iShares U.S. Equity Factor Rotation Active ETF	1.06%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%	0.00%	0.00%
RING iShares MSCI Global Gold Miners ETF	1.56%	0.84%	1.43%	2.01%	2.29%	2.38%	0.83%	0.83%	0.70%	0.42%	1.41%	0.96%

Frequently Asked Questions

Can I hold both DYNF and RING in my portfolio?

DYNF and RING have a correlation of 0.38, 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 RING?

RING has higher volatility (18.14%) compared to DYNF (5.25%). In terms of maximum drawdown, DYNF dropped -34.72% vs RING's -79.47%.

Which ETF is better, DYNF or RING?

On 5-year performance, RING leads with 21.24% vs 15.35% for DYNF. On fees, DYNF is cheaper at 0.26% per year. On volatility, DYNF has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYNF or RING?

Over the 5-year period, RING has performed better with a 21.24% return vs 15.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYNF or RING?

DYNF is cheaper with a 0.26% expense ratio, compared with 0.39% for RING.

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

RING has the higher dividend yield at 1.56%, compared with 1.06% for DYNF.

What is the main difference between DYNF and RING?

DYNF is categorized as Large Cap Blend Equities, while RING is Gold. Their fees differ too: 0.26% for DYNF and 0.39% for RING.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.41 vs 1.35), 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.