QUS vs. DYNF

Last updated Jun 24, 2026

QUS (SPDR MSCI USA StrategicFactors ETF) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - QUS is a Large Cap Growth Equities fund tracking the MSCI USA Factor Mix A-Series Capped (USD), while DYNF is a Large Cap Blend Equities fund actively managed by iShares. QUS is passively managed, while DYNF is actively managed. Over the past 5 years, QUS returned 10.77%/yr vs 14.71%/yr for DYNF. Their correlation of 0.93 suggests significant overlap in exposure. QUS charges 0.15%/yr vs 0.26%/yr for DYNF.

Performance

QUS vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI USA StrategicFactors ETF (QUS) 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, QUS achieves a 5.81% return, which is significantly lower than DYNF's 10.04% return.

QUS

• 1D: -0.23%
• 1M: -1.12%
• YTD: 5.81%
• 6M: 5.18%
• 1Y: 16.61%
• 3Y*: 16.79%
• 5Y*: 10.77%
• 10Y*: 13.70%

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)

QUS vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QUS SPDR MSCI USA StrategicFactors ETF	5.81%	14.13%	18.99%	21.78%	-14.15%	26.72%	12.40%	17.23%
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 QUS and DYNF is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.93

The correlation between QUS and DYNF shifts across timeframes, from 0.78 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

QUS vs. DYNF - Sectors Allocation Comparison

Sectors	QUS	DYNF
Technology	29.2%	40.5%
Financial Services	14.0%	14.9%
Healthcare	13.4%	5.8%
Communication Services	9.9%	10.3%
Consumer Defensive	8.7%	1.7%
Industrials	8.2%	9.5%
Consumer Cyclical	5.5%	7.0%
Energy	4.2%	4.5%
Utilities	3.4%	2.8%
Basic Materials	2.2%	0.8%
Real Estate	1.3%	1.9%

Return for Risk

QUS vs. DYNF — Risk / Return Rank

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

QUS

QUS Risk / Return Rank: 57
QUS Sharpe Ratio Rank: 57
QUS Sortino Ratio Rank: 57
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

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.

QUS vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA StrategicFactors ETF (QUS) 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.

	QUS	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.09	-0.27
Sortino ratio: Return per unit of downside risk	2.58	2.82	-0.24
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.43	3.18	-0.74
Martin ratio: Return relative to average drawdown	10.76	14.86	-4.10

QUS vs. DYNF - Sharpe Ratio Comparison

The current QUS Sharpe Ratio is 1.81, which is comparable to the DYNF Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of QUS 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

QUS vs. DYNF - Drawdown Comparison

The maximum QUS drawdown since its inception was -33.78%, roughly equal to the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for QUS and DYNF.

Drawdown Indicators

	QUS	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-34.72%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.85%	-8.67%	+1.82%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	-18.70%	+4.76%
Max Drawdown (5Y) Largest decline over 5 years	-22.30%	-28.65%	+6.35%
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	—	—
Current Drawdown Current decline from peak	-1.84%	-1.97%	+0.13%
Average Drawdown Average peak-to-trough decline	-3.69%	-5.94%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.85%	-0.30%

Volatility

QUS vs. DYNF - Volatility Comparison

The current volatility for SPDR MSCI USA StrategicFactors ETF (QUS) is 2.84%, while iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a volatility of 5.38%. This indicates that QUS 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

	QUS	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	5.38%	-2.54%
Volatility (6M) Calculated over the trailing 6-month period	6.98%	10.64%	-3.66%
Volatility (1Y) Calculated over the trailing 1-year period	9.24%	13.24%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	17.62%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	19.91%	-3.48%

QUS vs. DYNF - Expense Ratio Comparison

QUS 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

QUS vs. DYNF - Dividend Comparison

QUS's dividend yield for the trailing twelve months is around 1.32%, more than DYNF's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
QUS SPDR MSCI USA StrategicFactors ETF	1.32%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%

Frequently Asked Questions

Can I hold both QUS and DYNF in my portfolio?

QUS and DYNF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QUS or DYNF?

DYNF has higher volatility (5.38%) compared to QUS (2.84%). In terms of maximum drawdown, QUS dropped -33.78% vs DYNF's -34.72%.

Which ETF is better, QUS or DYNF?

On 5-year performance, DYNF leads with 14.71% vs 10.77% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QUS or DYNF?

Over the 5-year period, DYNF has performed better with a 14.71% return vs 10.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QUS or DYNF?

QUS is cheaper with a 0.15% expense ratio, compared with 0.26% for DYNF.

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

QUS has the higher dividend yield at 1.32%, compared with 0.81% for DYNF.

What is the main difference between QUS and DYNF?

QUS is categorized as Large Cap Growth Equities, while DYNF is Large Cap Blend Equities. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for QUS and 0.26% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.09 vs 1.81), 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.