MFUS vs. DYNF

Last updated Jun 5, 2026

MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) and DYNF (BlackRock U.S. Equity Factor Rotation ETF) are both Large Cap Growth Equities funds. MFUS is passively managed, while DYNF is actively managed. Over the past 5 years, MFUS returned 12.86%/yr vs 15.11%/yr for DYNF. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

MFUS vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) 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, MFUS achieves a 16.59% return, which is significantly higher than DYNF's 11.93% return.

MFUS

• 1D: 0.19%
• 1M: 4.47%
• YTD: 16.59%
• 6M: 16.69%
• 1Y: 28.65%
• 3Y*: 22.52%
• 5Y*: 12.86%
• 10Y*: —

DYNF

• 1D: 0.34%
• 1M: 5.19%
• YTD: 11.93%
• 6M: 11.85%
• 1Y: 30.76%
• 3Y*: 26.47%
• 5Y*: 15.11%
• 10Y*: —

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

MFUS vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	16.59%	16.02%	20.17%	12.19%	-5.82%	24.10%	10.64%	12.04%
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.93%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.07%

Correlation

The correlation between MFUS and DYNF is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.88

The correlation between MFUS and DYNF shifts across timeframes, from 0.76 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

MFUS vs. DYNF - Sectors Allocation Comparison

Sectors	MFUS	DYNF
Technology	21.8%	39.8%
Healthcare	13.5%	6.6%
Industrials	12.6%	8.4%
Financial Services	12.6%	16.2%
Consumer Cyclical	10.6%	7.8%
Consumer Defensive	10.3%	2.4%
Energy	7.0%	1.9%
Communication Services	5.3%	11.7%
Basic Materials	2.8%	0.7%
Real Estate	1.8%	1.9%
Utilities	1.7%	2.7%

Return for Risk

MFUS vs. DYNF — Risk / Return Rank

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

MFUS

MFUS Risk / Return Rank: 84
MFUS Sharpe Ratio Rank: 83
MFUS Sortino Ratio Rank: 86
MFUS Omega Ratio Rank: 81
MFUS Calmar Ratio Rank: 84
MFUS Martin Ratio Rank: 87

DYNF

DYNF Risk / Return Rank: 77
DYNF Sharpe Ratio Rank: 78
DYNF Sortino Ratio Rank: 76
DYNF Omega Ratio Rank: 75
DYNF Calmar Ratio Rank: 72
DYNF Martin Ratio Rank: 84

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.

MFUS vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) 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.

	MFUS	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.48	+0.20
Sortino ratio: Return per unit of downside risk	3.85	3.37	+0.47
Omega ratio: Gain probability vs. loss probability	1.48	1.44	+0.04
Calmar ratio: Return relative to maximum drawdown	4.51	3.57	+0.94
Martin ratio: Return relative to average drawdown	18.52	17.29	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFUS vs. DYNF - Sharpe Ratio Comparison

The current MFUS Sharpe Ratio is 2.69, which is comparable to the DYNF Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of MFUS 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

	MFUS	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.48	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.87	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.83	-0.04

Drawdowns

MFUS vs. DYNF - Drawdown Comparison

The maximum MFUS drawdown since its inception was -35.21%, roughly equal to the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for MFUS and DYNF.

Drawdown Indicators

	MFUS	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-34.72%	-0.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-8.67%	+2.28%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-18.70%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	-18.22%	-28.65%	+10.43%
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.99%	-5.97%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.78%	-0.23%

Volatility

MFUS vs. DYNF - Volatility Comparison

The current volatility for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) is 2.97%, while BlackRock U.S. Equity Factor Rotation ETF (DYNF) has a volatility of 3.21%. This indicates that MFUS 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

	MFUS	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.21%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	8.22%	9.55%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	12.44%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	17.49%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	19.90%	-2.55%

MFUS vs. DYNF - Expense Ratio Comparison

Both MFUS and DYNF have an expense ratio of 0.30%.

Dividends

MFUS vs. DYNF - Dividend Comparison

MFUS's dividend yield for the trailing twelve months is around 1.35%, more than DYNF's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DYNF BlackRock U.S. Equity Factor Rotation ETF	0.88%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.35%	1.54%	1.45%	1.96%	2.07%	1.35%	1.72%	1.89%	1.69%	1.01%

Frequently Asked Questions

Can I hold both MFUS and DYNF in my portfolio?

MFUS and DYNF have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFUS or DYNF?

DYNF has higher volatility (3.21%) compared to MFUS (2.97%). In terms of maximum drawdown, MFUS dropped -35.21% vs DYNF's -34.72%.

Which ETF is better, MFUS or DYNF?

On 5-year performance, DYNF leads with 15.11% vs 12.86% for MFUS. Both ETFs have the same 0.30% expense ratio. On volatility, MFUS has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MFUS or DYNF?

Over the 5-year period, DYNF has performed better with a 15.11% return vs 12.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MFUS or DYNF?

MFUS and DYNF have the same expense ratio: 0.30% per year.

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

MFUS has the higher dividend yield at 1.35%, compared with 0.88% for DYNF.

What is the main difference between MFUS and DYNF?

They also come from different issuers: PIMCO and BlackRock.

Which has better risk-adjusted returns?

MFUS currently has the higher Sharpe Ratio (2.69 vs 2.48), 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.