DYNF vs. VOO

Last updated Jun 23, 2026

DYNF (iShares U.S. Equity Factor Rotation Active ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - DYNF is a Large Cap Blend Equities fund actively managed by iShares, while VOO is a S&P 500 fund tracking the S&P 500 Index. DYNF is actively managed, while VOO is passively managed. Over the past 5 years, DYNF returned 15.28%/yr vs 13.58%/yr for VOO. With a 0.97 correlation, they move nearly in lockstep. DYNF charges 0.26%/yr vs 0.03%/yr for VOO.

Performance

DYNF vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DYNF achieves a 11.85% return, which is significantly higher than VOO's 9.75% return.

DYNF

• 1D: -0.01%
• 1M: 1.78%
• YTD: 11.85%
• 6M: 11.36%
• 1Y: 30.86%
• 3Y*: 25.88%
• 5Y*: 15.28%
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

DYNF vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DYNF iShares U.S. Equity Factor Rotation Active ETF	11.85%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.75%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	16.14%

Correlation

The correlation between DYNF and VOO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.97

The correlation between DYNF and VOO has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

DYNF vs. VOO - Sectors Allocation Comparison

Sectors	DYNF	VOO
Technology	40.5%	39.1%
Financial Services	14.9%	10.9%
Communication Services	10.3%	10.5%
Industrials	9.5%	7.6%
Consumer Cyclical	7.0%	9.8%
Healthcare	5.8%	8.3%
Energy	4.5%	3.2%
Utilities	2.8%	2.5%
Real Estate	1.9%	1.8%
Consumer Defensive	1.7%	4.5%
Basic Materials	0.8%	1.7%

Return for Risk

DYNF vs. VOO — Risk / Return Rank

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

DYNF

DYNF Risk / Return Rank: 77
DYNF Sharpe Ratio Rank: 77
DYNF Sortino Ratio Rank: 74
DYNF Omega Ratio Rank: 75
DYNF Calmar Ratio Rank: 73
DYNF Martin Ratio Rank: 84

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.17	+0.19
Sortino ratio: Return per unit of downside risk	3.17	2.93	+0.24
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.58	3.02	+0.56
Martin ratio: Return relative to average drawdown	16.77	13.58	+3.19

DYNF vs. VOO - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.36, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of DYNF and VOO, 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. VOO - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DYNF and VOO.

Drawdown Indicators

	DYNF	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-33.99%	-0.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-8.90%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-18.69%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-24.52%	-4.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.35%	-1.74%	+1.39%
Average Drawdown Average peak-to-trough decline	-5.95%	-3.68%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.98%	-0.13%

Volatility

DYNF vs. VOO - Volatility Comparison

iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a higher volatility of 5.10% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that DYNF's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	4.60%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	9.73%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	12.39%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	16.90%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	18.05%	+1.86%

DYNF vs. VOO - Expense Ratio Comparison

DYNF has a 0.26% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DYNF vs. VOO - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.80%, less than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DYNF iShares U.S. Equity Factor Rotation Active ETF	0.80%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both DYNF and VOO in my portfolio?

With a correlation of 0.97, DYNF and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DYNF or VOO?

DYNF has higher volatility (5.10%) compared to VOO (4.60%). In terms of maximum drawdown, DYNF dropped -34.72% vs VOO's -33.99%.

Which ETF is better, DYNF or VOO?

On 5-year performance, DYNF leads with 15.28% vs 13.58% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYNF or VOO?

Over the 5-year period, DYNF has performed better with a 15.28% return vs 13.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYNF or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.26% for DYNF.

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

VOO has the higher dividend yield at 1.04%, compared with 0.80% for DYNF.

What is the main difference between DYNF and VOO?

DYNF is categorized as Large Cap Blend Equities, while VOO is S&P 500. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.26% for DYNF and 0.03% for VOO.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.36 vs 2.17), 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.