INMU vs. DYNF
INMU (BlackRock Intermediate Muni Income Bond ETF) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - INMU is a Municipal Bonds fund actively managed by BlackRock, while DYNF is a Large Cap Blend Equities fund actively managed by iShares. Both are actively managed. Over the past 5 years, INMU returned 1.85%/yr vs 14.71%/yr for DYNF. At a 0.12 correlation, their price movements are largely independent. INMU charges 0.30%/yr vs 0.26%/yr for DYNF.
Performance
INMU vs. DYNF - Performance Comparison
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Returns By Period
In the year-to-date period, INMU achieves a 1.98% return, which is significantly lower than DYNF's 10.04% return.
INMU
- 1D
- -0.04%
- 1M
- 1.41%
- YTD
- 1.98%
- 6M
- 2.15%
- 1Y
- 7.12%
- 3Y*
- 4.60%
- 5Y*
- 1.85%
- 10Y*
- —
DYNF
- 1D
- -1.62%
- 1M
- 0.13%
- YTD
- 10.04%
- 6M
- 8.91%
- 1Y
- 27.42%
- 3Y*
- 25.19%
- 5Y*
- 14.71%
- 10Y*
- —
INMU vs. DYNF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 1.98% | 5.52% | 2.77% | 6.50% | -7.78% | 2.84% |
DYNF iShares U.S. Equity Factor Rotation Active ETF | 10.04% | 20.00% | 30.29% | 36.25% | -20.27% | 13.11% |
Correlation
The correlation between INMU and DYNF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2021 | 0.12 |
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Return for Risk
INMU vs. DYNF — Risk / Return Rank
INMU
DYNF
INMU vs. DYNF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) 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.
| INMU | DYNF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.37 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.18 | -0.41 |
| Martin ratioReturn relative to average drawdown | 9.32 | 14.86 | -5.54 |
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Drawdowns
INMU vs. DYNF - Drawdown Comparison
The maximum INMU drawdown since its inception was -10.67%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for INMU and DYNF.
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Drawdown Indicators
| INMU | DYNF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -34.72% | +24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -8.67% | +6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.88% | -18.70% | +13.82% |
Max Drawdown (5Y)Largest decline over 5 years | -10.67% | -28.65% | +17.98% |
Current DrawdownCurrent decline from peak | -0.41% | -1.97% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -5.94% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.85% | -1.08% |
Volatility
INMU vs. DYNF - Volatility Comparison
The current volatility for BlackRock Intermediate Muni Income Bond ETF (INMU) is 0.68%, while iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a volatility of 5.38%. This indicates that INMU 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
| INMU | DYNF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 5.38% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 10.64% | -8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 13.24% | -10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 17.62% | -14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 19.91% | -16.38% |
INMU vs. DYNF - Expense Ratio Comparison
INMU has a 0.30% expense ratio, which is higher than DYNF's 0.26% expense ratio.
Dividends
INMU vs. DYNF - Dividend Comparison
INMU's dividend yield for the trailing twelve months is around 3.35%, more than DYNF's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
INMU BlackRock Intermediate Muni Income Bond ETF | 3.35% | 3.48% | 3.47% | 3.44% | 1.92% | 1.14% | 0.00% | 0.00% |
Frequently Asked Questions
INMU and DYNF have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DYNF has higher volatility (5.38%) compared to INMU (0.68%). In terms of maximum drawdown, INMU dropped -10.67% vs DYNF's -34.72%.
On 5-year performance, DYNF leads with 14.71% vs 1.85% for INMU. On fees, DYNF is cheaper at 0.26% per year. On volatility, INMU has been the lower-risk option at 0.68%. 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 14.71% return vs 1.85%. 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 0.30% for INMU.
INMU has the higher dividend yield at 3.35%, compared with 0.81% for DYNF.
INMU is categorized as Municipal Bonds, while DYNF is Large Cap Blend Equities. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.30% for INMU and 0.26% for DYNF.
INMU currently has the higher Sharpe Ratio (2.89 vs 2.09), 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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