GOLY vs. DYNF
GOLY (Strategy Shares Gold-Hedged Bond ETF) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while DYNF is a Large Cap Blend Equities fund actively managed by iShares. GOLY is passively managed, while DYNF is actively managed. Over the past 5 years, GOLY returned 5.95%/yr vs 15.35%/yr for DYNF. At a 0.15 correlation, their price movements are largely independent. GOLY charges 0.79%/yr vs 0.26%/yr for DYNF.
Performance
GOLY vs. DYNF - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -20.76% return, which is significantly lower than DYNF's 12.25% return.
GOLY
- 1D
- 2.90%
- 1M
- -4.38%
- YTD
- -20.76%
- 6M
- -20.23%
- 1Y
- -1.82%
- 3Y*
- 16.55%
- 5Y*
- 5.95%
- 10Y*
- —
DYNF
- 1D
- 2.16%
- 1M
- 2.71%
- YTD
- 12.25%
- 6M
- 12.86%
- 1Y
- 31.46%
- 3Y*
- 25.36%
- 5Y*
- 15.35%
- 10Y*
- —
GOLY vs. DYNF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -20.76% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
DYNF iShares U.S. Equity Factor Rotation Active ETF | 12.25% | 20.00% | 30.29% | 36.25% | -20.27% | 8.89% |
Correlation
The correlation between GOLY and DYNF is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.15 |
Over the past year, GOLY and DYNF have become more correlated (0.38) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
GOLY vs. DYNF — Risk / Return Rank
GOLY
DYNF
GOLY vs. DYNF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and iShares U.S. Equity Factor Rotation Active 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.
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.
| GOLY | DYNF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.65 | -3.70 |
| Martin ratioReturn relative to average drawdown | -0.13 | 17.10 | -17.22 |
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Drawdowns
GOLY vs. DYNF - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.08%, roughly equal to the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for GOLY and DYNF.
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Drawdown Indicators
| GOLY | DYNF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.08% | -34.72% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -8.67% | -27.41% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | -18.70% | -17.38% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -28.65% | -7.43% |
Current DrawdownCurrent decline from peak | -31.62% | 0.00% | -31.62% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -5.96% | -6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 1.85% | +12.39% |
Volatility
GOLY vs. DYNF - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.83% compared to iShares U.S. Equity Factor Rotation Active ETF (DYNF) at 5.25%. This indicates that GOLY'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.
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Volatility by Period
| GOLY | DYNF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 5.25% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 10.57% | +19.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.73% | 13.14% | +20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 17.61% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 19.92% | +2.49% |
GOLY vs. DYNF - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than DYNF's 0.26% expense ratio.
Dividends
GOLY vs. DYNF - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.29%, more than DYNF's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DYNF iShares U.S. Equity Factor Rotation Active ETF | 1.06% | 1.01% | 0.65% | 1.11% | 1.66% | 2.89% | 1.52% | 1.22% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.29% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY and DYNF have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (9.83%) compared to DYNF (5.25%). In terms of maximum drawdown, GOLY dropped -36.08% vs DYNF's -34.72%.
On 5-year performance, DYNF leads with 15.35% vs 5.95% for GOLY. On fees, DYNF is cheaper at 0.26% per year. On volatility, DYNF has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DYNF has performed better with a 15.35% return vs 5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DYNF is cheaper with a 0.26% expense ratio, compared with 0.79% for GOLY.
GOLY has the higher dividend yield at 9.29%, compared with 1.06% for DYNF.
GOLY is categorized as Nontraditional Bonds, while DYNF is Large Cap Blend Equities. They also come from different issuers: Strategy Shares and iShares. Their fees differ too: 0.79% for GOLY and 0.26% for DYNF.
DYNF currently has the higher Sharpe Ratio (2.41 vs -0.05), 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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