FDEV vs. DYNF

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity International Multifactor ETF (FDEV) and BlackRock U.S. Equity Factor Rotation ETF (DYNF).

FDEV and DYNF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019. DYNF is an actively managed fund by BlackRock. It was launched on Mar 19, 2019.

Performance

FDEV vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Multifactor ETF (FDEV) and BlackRock U.S. Equity Factor Rotation ETF (DYNF). The values are adjusted to include any dividend payments, if applicable.

FDEV vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FDEV Fidelity International Multifactor ETF	3.83%	30.36%	5.84%	13.37%	-16.54%	11.00%	5.49%	7.91%
DYNF BlackRock U.S. Equity Factor Rotation ETF	-4.07%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.07%

Returns By Period

In the year-to-date period, FDEV achieves a 3.83% return, which is significantly higher than DYNF's -4.07% return.

FDEV

• 1D: 2.35%
• 1M: -4.83%
• YTD: 3.83%
• 6M: 9.22%
• 1Y: 25.14%
• 3Y*: 14.97%
• 5Y*: 7.95%
• 10Y*: —

DYNF

• 1D: 3.10%
• 1M: -4.43%
• YTD: -4.07%
• 6M: -1.24%
• 1Y: 20.58%
• 3Y*: 22.69%
• 5Y*: 12.81%
• 10Y*: —

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

FDEV vs. DYNF - Expense Ratio Comparison

FDEV has a 0.39% expense ratio, which is higher than DYNF's 0.30% expense ratio.

FDEV

Fidelity International Multifactor ETF

DYNF

BlackRock U.S. Equity Factor Rotation ETF

Return for Risk

FDEV vs. DYNF — Risk / Return Rank

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

FDEV

FDEV Risk / Return Rank: 89
FDEV Sharpe Ratio Rank: 86
FDEV Sortino Ratio Rank: 89
FDEV Omega Ratio Rank: 88
FDEV Calmar Ratio Rank: 89
FDEV Martin Ratio Rank: 91

DYNF

DYNF Risk / Return Rank: 73
DYNF Sharpe Ratio Rank: 67
DYNF Sortino Ratio Rank: 70
DYNF Omega Ratio Rank: 71
DYNF Calmar Ratio Rank: 75
DYNF Martin Ratio Rank: 83

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.

FDEV vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) and BlackRock U.S. Equity Factor Rotation ETF (DYNF). 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.

	FDEV	DYNF	Difference
Sharpe ratio Return per unit of total volatility	1.73	1.14	+0.59
Sortino ratio Return per unit of downside risk	2.41	1.68	+0.72
Omega ratio Gain probability vs. loss probability	1.35	1.25	+0.10
Calmar ratio Return relative to maximum drawdown	2.85	1.86	+1.00
Martin ratio Return relative to average drawdown	11.64	8.87	+2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDEV vs. DYNF - Sharpe Ratio Comparison

The current FDEV Sharpe Ratio is 1.73, which is higher than the DYNF Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FDEV and DYNF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDEV	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	1.14	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.74	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.72	-0.19

Correlation

The correlation between FDEV and DYNF is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDEV vs. DYNF - Dividend Comparison

FDEV's dividend yield for the trailing twelve months is around 2.83%, more than DYNF's 1.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FDEV Fidelity International Multifactor ETF	2.83%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%
DYNF BlackRock U.S. Equity Factor Rotation ETF	1.03%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%

Drawdowns

FDEV vs. DYNF - Drawdown Comparison

The maximum FDEV drawdown since its inception was -30.11%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for FDEV and DYNF.

Drawdown Indicators

	FDEV	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-34.72%	+4.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-11.45%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	-28.65%	-0.37%
Current Drawdown Current decline from peak	-4.83%	-5.83%	+1.00%
Average Drawdown Average peak-to-trough decline	-6.38%	-6.11%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.40%	-0.27%

Volatility

FDEV vs. DYNF - Volatility Comparison

Fidelity International Multifactor ETF (FDEV) has a higher volatility of 6.22% compared to BlackRock U.S. Equity Factor Rotation ETF (DYNF) at 5.52%. This indicates that FDEV's price experiences larger fluctuations and is considered to be riskier than DYNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDEV	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	5.52%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.15%	9.97%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	18.19%	-3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	17.49%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	20.05%	-4.67%