LCTU vs. DYNF

Last updated Jun 4, 2026

LCTU (BlackRock U.S. Carbon Transition Readiness ETF) and DYNF (BlackRock U.S. Equity Factor Rotation ETF) are both exchange-traded funds - LCTU is a ESG fund actively managed by BlackRock, while DYNF is a Large Cap Growth Equities fund actively managed by BlackRock. Both are actively managed. Over the past 5 years, LCTU returned 12.37%/yr vs 15.04%/yr for DYNF. With a 0.97 correlation, they move nearly in lockstep. LCTU charges 0.15%/yr vs 0.30%/yr for DYNF.

Performance

LCTU vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Carbon Transition Readiness ETF (LCTU) 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, LCTU achieves a 9.04% return, which is significantly lower than DYNF's 11.55% return.

LCTU

• 1D: -0.74%
• 1M: 5.23%
• YTD: 9.04%
• 6M: 9.21%
• 1Y: 25.72%
• 3Y*: 21.17%
• 5Y*: 12.37%
• 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)

LCTU vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LCTU BlackRock U.S. Carbon Transition Readiness ETF	9.04%	16.96%	24.00%	25.38%	-20.02%	17.49%
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.55%	20.00%	30.29%	36.25%	-20.27%	10.61%

Correlation

The correlation between LCTU 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	0.97
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021	0.97

The correlation between LCTU and DYNF has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

LCTU vs. DYNF - Sectors Allocation Comparison

Sectors	LCTU	DYNF
Technology	34.6%	39.8%
Financial Services	12.1%	16.2%
Communication Services	10.3%	11.7%
Consumer Cyclical	10.3%	7.8%
Healthcare	8.8%	6.6%
Industrials	8.7%	8.4%
Consumer Defensive	4.9%	2.4%
Energy	3.5%	1.9%
Real Estate	2.5%	1.9%
Utilities	2.5%	2.7%
Basic Materials	1.9%	0.7%

Return for Risk

LCTU vs. DYNF — Risk / Return Rank

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

LCTU

LCTU Risk / Return Rank: 61
LCTU Sharpe Ratio Rank: 62
LCTU Sortino Ratio Rank: 61
LCTU Omega Ratio Rank: 62
LCTU Calmar Ratio Rank: 55
LCTU Martin Ratio Rank: 67

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.

LCTU vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) 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.

	LCTU	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.44	-0.34
Sortino ratio: Return per unit of downside risk	2.89	3.32	-0.43
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	2.75	3.50	-0.75
Martin ratio: Return relative to average drawdown	12.25	16.97	-4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCTU vs. DYNF - Sharpe Ratio Comparison

The current LCTU Sharpe Ratio is 2.10, which is comparable to the DYNF Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of LCTU 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

	LCTU	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.44	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.86	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.83	-0.07

Drawdowns

LCTU vs. DYNF - Drawdown Comparison

The maximum LCTU drawdown since its inception was -25.93%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for LCTU and DYNF.

Drawdown Indicators

	LCTU	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-25.93%	-34.72%	+8.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-8.67%	-0.71%
Max Drawdown (3Y) Largest decline over 3 years	-19.83%	-18.70%	-1.13%
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	-28.65%	+2.72%
Current Drawdown Current decline from peak	-0.74%	-0.57%	-0.17%
Average Drawdown Average peak-to-trough decline	-6.32%	-5.98%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.78%	+0.33%

Volatility

LCTU vs. DYNF - Volatility Comparison

The current volatility for BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is 3.04%, while BlackRock U.S. Equity Factor Rotation ETF (DYNF) has a volatility of 3.27%. This indicates that LCTU 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

	LCTU	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.27%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	9.55%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	12.44%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	17.50%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	19.90%	-2.88%

LCTU vs. DYNF - Expense Ratio Comparison

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

Dividends

LCTU vs. DYNF - Dividend Comparison

LCTU's dividend yield for the trailing twelve months is around 0.93%, more than DYNF's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DYNF BlackRock U.S. Equity Factor Rotation ETF	0.89%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%
LCTU BlackRock U.S. Carbon Transition Readiness ETF	0.93%	1.02%	1.27%	1.46%	1.63%	2.20%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCTU and DYNF in my portfolio?

With a correlation of 0.96, LCTU 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, LCTU or DYNF?

DYNF has higher volatility (3.27%) compared to LCTU (3.04%). In terms of maximum drawdown, LCTU dropped -25.93% vs DYNF's -34.72%.

Which ETF is better, LCTU or DYNF?

On 5-year performance, DYNF leads with 15.04% vs 12.37% for LCTU. On fees, LCTU is cheaper at 0.15% per year. On volatility, LCTU has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCTU or DYNF?

Over the 5-year period, DYNF has performed better with a 15.04% return vs 12.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCTU or DYNF?

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

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

LCTU has the higher dividend yield at 0.93%, compared with 0.89% for DYNF.

What is the main difference between LCTU and DYNF?

LCTU is categorized as ESG, while DYNF is Large Cap Growth Equities. Their fees differ too: 0.15% for LCTU and 0.30% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.44 vs 2.10), 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.