HDMV vs. DYNF

Last updated Jun 24, 2026

HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - HDMV is a Foreign Large Cap Equities fund actively managed by First Trust, while DYNF is a Large Cap Blend Equities fund actively managed by iShares. Both are actively managed. Over the past 5 years, HDMV returned 6.57%/yr vs 14.71%/yr for DYNF. A 0.63 correlation means they provide meaningful diversification when combined. HDMV charges 0.80%/yr vs 0.26%/yr for DYNF.

Performance

HDMV vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and iShares U.S. Equity Factor Rotation Active ETF (DYNF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDMV achieves a 5.07% return, which is significantly lower than DYNF's 10.04% return.

HDMV

• 1D: -0.66%
• 1M: -1.49%
• YTD: 5.07%
• 6M: 4.77%
• 1Y: 10.89%
• 3Y*: 13.12%
• 5Y*: 6.57%
• 10Y*: —

DYNF

• 1D: -1.62%
• 1M: 0.13%
• YTD: 10.04%
• 6M: 8.91%
• 1Y: 27.42%
• 3Y*: 25.19%
• 5Y*: 14.71%
• 10Y*: —

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

HDMV vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	5.07%	29.31%	2.99%	9.62%	-11.47%	7.39%	-9.42%	5.44%
DYNF iShares U.S. Equity Factor Rotation Active ETF	10.04%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.75%

Correlation

The correlation between HDMV and DYNF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.63

The correlation between HDMV and DYNF shifts across timeframes, from 0.45 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

HDMV vs. DYNF - Sectors Allocation Comparison

Sectors	HDMV	DYNF
Financial Services	24.5%	14.9%
Industrials	15.4%	9.5%
Utilities	14.4%	2.8%
Real Estate	13.7%	1.9%
Consumer Defensive	13.1%	1.7%
Communication Services	9.5%	10.3%
Healthcare	3.2%	5.8%
Consumer Cyclical	2.7%	7.0%
Energy	1.7%	4.5%
Basic Materials	1.0%	0.8%
Technology	0.9%	40.5%

Return for Risk

HDMV vs. DYNF — Risk / Return Rank

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

HDMV

HDMV Risk / Return Rank: 27
HDMV Sharpe Ratio Rank: 28
HDMV Sortino Ratio Rank: 26
HDMV Omega Ratio Rank: 27
HDMV Calmar Ratio Rank: 27
HDMV Martin Ratio Rank: 28

DYNF

DYNF Risk / Return Rank: 68
DYNF Sharpe Ratio Rank: 67
DYNF Sortino Ratio Rank: 63
DYNF Omega Ratio Rank: 65
DYNF Calmar Ratio Rank: 66
DYNF Martin Ratio Rank: 79

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.

HDMV vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) 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.

	HDMV	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.09	-1.13
Sortino ratio: Return per unit of downside risk	1.36	2.82	-1.45
Omega ratio: Gain probability vs. loss probability	1.18	1.37	-0.20
Calmar ratio: Return relative to maximum drawdown	1.25	3.18	-1.93
Martin ratio: Return relative to average drawdown	3.60	14.86	-11.26

HDMV vs. DYNF - Sharpe Ratio Comparison

The current HDMV Sharpe Ratio is 0.96, which is lower than the DYNF Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of HDMV 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.

Drawdowns

HDMV vs. DYNF - Drawdown Comparison

The maximum HDMV drawdown since its inception was -32.01%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for HDMV and DYNF.

Drawdown Indicators

	HDMV	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-34.72%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-8.67%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-10.33%	-18.70%	+8.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.11%	-28.65%	+4.54%
Current Drawdown Current decline from peak	-5.29%	-1.97%	-3.32%
Average Drawdown Average peak-to-trough decline	-6.76%	-5.94%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.85%	+1.18%

Volatility

HDMV vs. DYNF - Volatility Comparison

The current volatility for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) is 3.43%, while iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a volatility of 5.38%. This indicates that HDMV experiences smaller price fluctuations and is considered to be less risky than DYNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDMV	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	5.38%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	10.64%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	13.24%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.08%	17.62%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	19.91%	-6.68%

HDMV vs. DYNF - Expense Ratio Comparison

HDMV has a 0.80% expense ratio, which is higher than DYNF's 0.26% expense ratio.

Dividends

HDMV vs. DYNF - Dividend Comparison

HDMV's dividend yield for the trailing twelve months is around 4.66%, more than DYNF's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DYNF iShares U.S. Equity Factor Rotation Active ETF	0.81%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%	0.00%
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	4.66%	5.09%	3.24%	3.14%	3.53%	3.11%	1.45%	3.63%	2.88%	3.23%	0.18%

Frequently Asked Questions

Can I hold both HDMV and DYNF in my portfolio?

HDMV and DYNF have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDMV or DYNF?

DYNF has higher volatility (5.38%) compared to HDMV (3.43%). In terms of maximum drawdown, HDMV dropped -32.01% vs DYNF's -34.72%.

Which ETF is better, HDMV or DYNF?

On 5-year performance, DYNF leads with 14.71% vs 6.57% for HDMV. On fees, DYNF is cheaper at 0.26% per year. On volatility, HDMV has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDMV or DYNF?

Over the 5-year period, DYNF has performed better with a 14.71% return vs 6.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDMV or DYNF?

DYNF is cheaper with a 0.26% expense ratio, compared with 0.80% for HDMV.

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

HDMV has the higher dividend yield at 4.66%, compared with 0.81% for DYNF.

What is the main difference between HDMV and DYNF?

HDMV is categorized as Foreign Large Cap Equities, while DYNF is Large Cap Blend Equities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.80% for HDMV and 0.26% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.09 vs 0.96), 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.