FLQL vs. DYNF

Last updated Jun 4, 2026

FLQL (Franklin LibertyQ U.S. Equity ETF) and DYNF (BlackRock U.S. Equity Factor Rotation ETF) are both Large Cap Growth Equities funds. FLQL is passively managed, while DYNF is actively managed. Over the past 5 years, FLQL returned 14.70%/yr vs 15.04%/yr for DYNF. With a 0.95 correlation, they move nearly in lockstep. FLQL charges 0.15%/yr vs 0.30%/yr for DYNF.

Performance

FLQL vs. DYNF - Performance Comparison

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

Returns By Period

In the year-to-date period, FLQL achieves a 12.66% return, which is significantly higher than DYNF's 11.55% return.

FLQL

• 1D: -0.08%
• 1M: 5.00%
• YTD: 12.66%
• 6M: 12.54%
• 1Y: 29.48%
• 3Y*: 23.56%
• 5Y*: 14.70%
• 10Y*: —

DYNF

• 1D: -0.57%
• 1M: 5.74%
• YTD: 11.55%
• 6M: 11.74%
• 1Y: 30.19%
• 3Y*: 26.22%
• 5Y*: 15.04%
• 10Y*: —

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

FLQL vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLQL Franklin LibertyQ U.S. Equity ETF	12.66%	19.64%	24.33%	23.58%	-14.83%	26.58%	10.67%	13.46%
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.55%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.07%

Correlation

The correlation between FLQL and DYNF is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.95

The correlation between FLQL and DYNF has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

FLQL vs. DYNF - Sectors Allocation Comparison

Sectors	FLQL	DYNF
Technology	34.3%	39.8%
Communication Services	12.2%	11.7%
Consumer Cyclical	11.5%	7.8%
Healthcare	10.5%	6.6%
Industrials	10.0%	8.4%
Financial Services	9.9%	16.2%
Consumer Defensive	4.4%	2.4%
Real Estate	2.9%	1.9%
Basic Materials	1.7%	0.7%
Utilities	1.6%	2.7%
Energy	1.0%	1.9%

Return for Risk

FLQL vs. DYNF — Risk / Return Rank

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

FLQL

FLQL Risk / Return Rank: 71
FLQL Sharpe Ratio Rank: 69
FLQL Sortino Ratio Rank: 70
FLQL Omega Ratio Rank: 70
FLQL Calmar Ratio Rank: 65
FLQL Martin Ratio Rank: 79

DYNF

DYNF Risk / Return Rank: 73
DYNF Sharpe Ratio Rank: 73
DYNF Sortino Ratio Rank: 71
DYNF Omega Ratio Rank: 71
DYNF Calmar Ratio Rank: 69
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.

FLQL vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin LibertyQ U.S. Equity ETF (FLQL) 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.

	FLQL	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.44	-0.13
Sortino ratio: Return per unit of downside risk	3.24	3.32	-0.08
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.27	3.50	-0.23
Martin ratio: Return relative to average drawdown	15.42	16.97	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLQL vs. DYNF - Sharpe Ratio Comparison

The current FLQL Sharpe Ratio is 2.31, which is comparable to the DYNF Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FLQL and DYNF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLQL	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.44	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.86	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.83	+0.03

Drawdowns

FLQL vs. DYNF - Drawdown Comparison

The maximum FLQL drawdown since its inception was -33.64%, roughly equal to the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for FLQL and DYNF.

Drawdown Indicators

	FLQL	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-33.64%	-34.72%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-8.67%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	-18.70%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.41%	-28.65%	+7.24%
Current Drawdown Current decline from peak	-0.08%	-0.57%	+0.49%
Average Drawdown Average peak-to-trough decline	-4.04%	-5.98%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.78%	+0.14%

Volatility

FLQL vs. DYNF - Volatility Comparison

Franklin LibertyQ U.S. Equity ETF (FLQL) and BlackRock U.S. Equity Factor Rotation ETF (DYNF) have volatilities of 3.19% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLQL	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	3.27%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	9.55%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	12.44%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	17.50%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	19.90%	-2.40%

FLQL vs. DYNF - Expense Ratio Comparison

FLQL has a 0.15% expense ratio, which is lower than DYNF's 0.30% expense ratio.

Dividends

FLQL vs. DYNF - Dividend Comparison

FLQL's dividend yield for the trailing twelve months is around 1.01%, more than DYNF's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DYNF BlackRock U.S. Equity Factor Rotation ETF	0.89%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%
FLQL Franklin LibertyQ U.S. Equity ETF	1.01%	1.10%	1.13%	1.50%	2.07%	1.81%	1.99%	1.78%	1.82%	1.22%

Frequently Asked Questions

Can I hold both FLQL and DYNF in my portfolio?

With a correlation of 0.96, FLQL and DYNF 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, FLQL or DYNF?

DYNF has higher volatility (3.27%) compared to FLQL (3.19%). In terms of maximum drawdown, FLQL dropped -33.64% vs DYNF's -34.72%.

Which ETF is better, FLQL or DYNF?

On 5-year performance, DYNF leads with 15.04% vs 14.70% for FLQL. On fees, FLQL is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLQL or DYNF?

Over the 5-year period, DYNF has performed better with a 15.04% return vs 14.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLQL or DYNF?

FLQL is cheaper with a 0.15% expense ratio, compared with 0.30% for DYNF.

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

FLQL has the higher dividend yield at 1.01%, compared with 0.89% for DYNF.

What is the main difference between FLQL and DYNF?

They also come from different issuers: Franklin Templeton and BlackRock. Their fees differ too: 0.15% for FLQL and 0.30% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.44 vs 2.31), 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.