DYNF vs. SHLD

Last updated Jun 14, 2026

DYNF (iShares U.S. Equity Factor Rotation Active ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - DYNF is a Large Cap Blend Equities fund actively managed by iShares, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. DYNF is actively managed, while SHLD is passively managed. Over the past year, DYNF returned 28.69% vs 8.26% for SHLD. At a 0.43 correlation, their price movements are largely independent. DYNF charges 0.26%/yr vs 0.50%/yr for SHLD.

Performance

DYNF vs. SHLD - 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 Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DYNF achieves a 9.88% return, which is significantly higher than SHLD's -1.50% return.

DYNF

• 1D: 0.57%
• 1M: 0.54%
• YTD: 9.88%
• 6M: 10.36%
• 1Y: 28.69%
• 3Y*: 24.87%
• 5Y*: 14.62%
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DYNF vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DYNF iShares U.S. Equity Factor Rotation Active ETF	9.88%	20.00%	30.29%	9.09%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between DYNF and SHLD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.43

DYNF vs. SHLD - Sectors Allocation Comparison

Sectors	DYNF	SHLD
Technology	40.1%	12.2%
Financial Services	14.9%	-
Communication Services	10.7%	-
Industrials	8.4%	87.8%
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%	-

Return for Risk

DYNF vs. SHLD — Risk / Return Rank

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

DYNF

DYNF Risk / Return Rank: 76
DYNF Sharpe Ratio Rank: 76
DYNF Sortino Ratio Rank: 73
DYNF Omega Ratio Rank: 74
DYNF Calmar Ratio Rank: 71
DYNF Martin Ratio Rank: 84

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - 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 Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.43	+1.67
Sortino ratio: Return per unit of downside risk	2.82	0.78	+2.04
Omega ratio: Gain probability vs. loss probability	1.38	1.09	+0.29
Calmar ratio: Return relative to maximum drawdown	3.15	0.52	+2.63
Martin ratio: Return relative to average drawdown	14.77	1.28	+13.49

DYNF vs. SHLD - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.10, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of DYNF and SHLD, 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. SHLD - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for DYNF and SHLD.

Drawdown Indicators

	DYNF	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-20.10%	-14.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-20.10%	+11.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	—	—
Current Drawdown Current decline from peak	-2.06%	-18.20%	+16.14%
Average Drawdown Average peak-to-trough decline	-5.96%	-3.34%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	8.12%	-6.27%

Volatility

DYNF vs. SHLD - Volatility Comparison

The current volatility for iShares U.S. Equity Factor Rotation Active ETF (DYNF) is 4.91%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that DYNF experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	9.05%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	19.94%	-9.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	24.55%	-11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	21.29%	-3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	21.29%	-1.38%

DYNF vs. SHLD - Expense Ratio Comparison

DYNF has a 0.26% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

DYNF vs. SHLD - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.90%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DYNF iShares U.S. Equity Factor Rotation Active ETF	0.90%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DYNF and SHLD in my portfolio?

DYNF and SHLD have a correlation of 0.39, 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 SHLD?

SHLD has higher volatility (9.05%) compared to DYNF (4.91%). In terms of maximum drawdown, DYNF dropped -34.72% vs SHLD's -20.10%.

Which ETF is better, DYNF or SHLD?

On 1-year performance, DYNF leads with 28.69% vs 8.26% for SHLD. On fees, DYNF is cheaper at 0.26% per year. On volatility, DYNF has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYNF or SHLD?

Over the 1-year period, DYNF has performed better with a 28.69% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYNF or SHLD?

DYNF is cheaper with a 0.26% expense ratio, compared with 0.50% for SHLD.

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

DYNF has the higher dividend yield at 0.90%, compared with 0.56% for SHLD.

What is the main difference between DYNF and SHLD?

DYNF is categorized as Large Cap Blend Equities, while SHLD is Aerospace & Defense. They also come from different issuers: iShares and Global X. Their fees differ too: 0.26% for DYNF and 0.50% for SHLD.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.10 vs 0.43), 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.