IEF vs. DYNF
IEF (iShares 7-10 Year Treasury Bond ETF) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while DYNF is a Large Cap Blend Equities fund actively managed by iShares. IEF is passively managed, while DYNF is actively managed. Over the past 5 years, IEF returned -1.24%/yr vs 14.62%/yr for DYNF. At a correlation of -0.04, they often move in opposite directions. IEF charges 0.15%/yr vs 0.26%/yr for DYNF.
Performance
IEF vs. DYNF - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.47% return, which is significantly lower than DYNF's 9.88% return.
IEF
- 1D
- -0.17%
- 1M
- 1.05%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.78%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
DYNF
- 1D
- 0.57%
- 1M
- 0.54%
- YTD
- 9.88%
- 6M
- 10.36%
- 1Y
- 28.69%
- 3Y*
- 24.87%
- 5Y*
- 14.62%
- 10Y*
- —
IEF vs. DYNF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 6.16% |
DYNF iShares U.S. Equity Factor Rotation Active ETF | 9.88% | 20.00% | 30.29% | 36.25% | -20.27% | 22.12% | 13.47% | 14.75% |
Correlation
The correlation between IEF and DYNF is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | -0.04 |
The correlation between IEF and DYNF shifts across timeframes, from -0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEF vs. DYNF — Risk / Return Rank
IEF
DYNF
IEF vs. DYNF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) 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.
| IEF | DYNF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.38 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.15 | -2.31 |
| Martin ratioReturn relative to average drawdown | 2.35 | 14.77 | -12.42 |
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Drawdowns
IEF vs. DYNF - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for IEF and DYNF.
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Drawdown Indicators
| IEF | DYNF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -34.72% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -8.67% | +4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -18.70% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -28.65% | +7.25% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.18% | -2.06% | -9.12% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.96% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.85% | -0.40% |
Volatility
IEF vs. DYNF - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.62%, while iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a volatility of 4.91%. This indicates that IEF 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.
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Volatility by Period
| IEF | DYNF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 4.91% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 10.37% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 13.01% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 17.58% | -9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 19.91% | -13.28% |
IEF vs. DYNF - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is lower than DYNF's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEF vs. DYNF - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.89%, more than DYNF's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DYNF iShares U.S. Equity Factor Rotation Active ETF | 0.90% | 1.01% | 0.65% | 1.11% | 1.66% | 2.89% | 1.52% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF and DYNF have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DYNF has higher volatility (4.91%) compared to IEF (1.62%). In terms of maximum drawdown, IEF dropped -23.93% vs DYNF's -34.72%.
On 5-year performance, DYNF leads with 14.62% vs -1.24% for IEF. On fees, IEF is cheaper at 0.15% per year. On volatility, IEF has been the lower-risk option at 1.62%. 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 14.62% return vs -1.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEF is cheaper with a 0.15% expense ratio, compared with 0.26% for DYNF.
IEF has the higher dividend yield at 3.89%, compared with 0.90% for DYNF.
IEF is categorized as Government Bonds, while DYNF is Large Cap Blend Equities. Their fees differ too: 0.15% for IEF and 0.26% for DYNF.
DYNF currently has the higher Sharpe Ratio (2.10 vs 0.72), 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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