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DYNF vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DYNF vs. SPMO

Last updated Jun 5, 2026

DYNF (BlackRock U.S. Equity Factor Rotation ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - DYNF is a Large Cap Growth Equities fund actively managed by BlackRock, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. DYNF is actively managed, while SPMO is passively managed. Over the past 5 years, DYNF returned 15.11%/yr vs 23.92%/yr for SPMO. Their correlation of 0.85 suggests significant overlap in exposure. DYNF charges 0.30%/yr vs 0.13%/yr for SPMO.

Performance

DYNF vs. SPMO - 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 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DYNF achieves a 11.93% return, which is significantly lower than SPMO's 28.45% return.

DYNF

1D
0.34%
1M
5.19%
YTD
11.93%
6M
11.85%
1Y
30.76%
3Y*
26.47%
5Y*
15.11%
10Y*
—

SPMO

1D
-1.46%
1M
10.84%
YTD
28.45%
6M
27.50%
1Y
43.92%
3Y*
42.27%
5Y*
23.92%
10Y*
20.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DYNF vs. SPMO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DYNF
BlackRock U.S. Equity Factor Rotation ETF		11.93%20.00%30.29%36.25%-20.27%22.12%13.47%14.07%
SPMO
Invesco S&P 500 Momentum ETF		28.45%26.58%45.82%17.56%-10.45%22.64%28.25%7.49%

Correlation

The correlation between DYNF and SPMO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2019

0.85

The correlation between DYNF and SPMO has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

DYNF vs. SPMO - Sectors Allocation Comparison

Sectors
DYNF
SPMO

Technology

39.8%
52.6%

Financial Services

16.2%
5.9%

Communication Services

11.7%
9.2%

Industrials

8.4%
11.3%

Consumer Cyclical

7.8%
1.3%

Healthcare

6.6%
6.7%

Utilities

2.7%
2.8%

Consumer Defensive

2.4%
4.3%

Energy

1.9%
3.4%

Real Estate

1.9%
1.0%

Basic Materials

0.7%
1.6%

Technology

DYNF
39.8%
SPMO
52.6%

Financial Services

DYNF
16.2%
SPMO
5.9%

Communication Services

DYNF
11.7%
SPMO
9.2%

Industrials

DYNF
8.4%
SPMO
11.3%

Consumer Cyclical

DYNF
7.8%
SPMO
1.3%

Healthcare

DYNF
6.6%
SPMO
6.7%

Utilities

DYNF
2.7%
SPMO
2.8%

Consumer Defensive

DYNF
2.4%
SPMO
4.3%

Energy

DYNF
1.9%
SPMO
3.4%

Real Estate

DYNF
1.9%
SPMO
1.0%

Basic Materials

DYNF
0.7%
SPMO
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BlackRock U.S. Equity Factor Rotation ETF

Invesco S&P 500 Momentum ETF

Often compared with DYNF:
DYNF vs. VOODYNF vs. THRODYNF vs. VUGDYNF vs. USMFDYNF vs. SCHGDYNF vs. VTIDYNF vs. BRNY
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

DYNF vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DYNF
DYNF Risk / Return Rank: 7777
Overall Rank
DYNF Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
DYNF Sortino Ratio Rank: 7676
Sortino Ratio Rank
DYNF Omega Ratio Rank: 7575
Omega Ratio Rank
DYNF Calmar Ratio Rank: 7272
Calmar Ratio Rank
DYNF Martin Ratio Rank: 8484
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7575
Overall Rank
SPMO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7575
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7373
Martin Ratio Rank
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. SPMO - 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 Momentum ETF (SPMO). 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.

DYNFSPMODifference
Sharpe ratioReturn per unit of total volatility
2.48
2.49

-0.01

Sortino ratioReturn per unit of downside risk
3.37
3.38

-0.01

Omega ratioGain probability vs. loss probability

1.44

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

3.57

3.47

+0.09

Martin ratioReturn relative to average drawdown

17.29

13.52

+3.76

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. SPMO - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.48, which is comparable to the SPMO Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DYNF and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DYNFSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.48

2.49

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

1.25

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.03

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

1.00

-0.17

Drawdowns

DYNF vs. SPMO - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DYNF and SPMO.

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Drawdown Indicators

DYNFSPMODifference

Max Drawdown

Largest peak-to-trough decline

-34.72%

-30.95%

-3.77%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-12.70%

+4.03%

Max Drawdown (3Y)

Largest decline over 3 years

-18.70%

-20.13%

+1.43%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-22.74%

-5.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.95%

—

Current Drawdown

Current decline from peak

-0.24%

-1.46%

+1.22%

Average Drawdown

Average peak-to-trough decline

-5.97%

-4.60%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

3.26%

-1.48%

Volatility

DYNF vs. SPMO - Volatility Comparison

The current volatility for BlackRock U.S. Equity Factor Rotation ETF (DYNF) is 3.21%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.39%. This indicates that DYNF experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DYNFSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

7.39%

-4.18%

Volatility (6M)

Calculated over the trailing 6-month period

9.55%

14.49%

-4.94%

Volatility (1Y)

Calculated over the trailing 1-year period

12.44%

17.70%

-5.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.49%

19.30%

-1.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.90%

20.31%

-0.41%

DYNF vs. SPMO - Expense Ratio Comparison

DYNF has a 0.30% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

DYNF vs. SPMO - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.88%, more than SPMO's 0.66% yield.

PositionTTM20252024202320222021202020192018201720162015
DYNF
BlackRock U.S. Equity Factor Rotation ETF		0.88%1.01%0.65%1.11%1.66%2.89%1.52%1.22%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500 Momentum ETF		0.66%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

DYNF and SPMO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMO has higher volatility (7.39%) compared to DYNF (3.21%). In terms of maximum drawdown, DYNF dropped -34.72% vs SPMO's -30.95%.

On 5-year performance, SPMO leads with 23.92% vs 15.11% for DYNF. On fees, SPMO is cheaper at 0.13% per year. On volatility, DYNF has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SPMO has performed better with a 23.92% return vs 15.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.30% for DYNF.

DYNF has the higher dividend yield at 0.88%, compared with 0.66% for SPMO.

DYNF is categorized as Large Cap Growth Equities, while SPMO is Momentum. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.30% for DYNF and 0.13% for SPMO.

SPMO currently has the higher Sharpe Ratio (2.49 vs 2.48), 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.

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