TEND vs. DYNF

Last updated Jun 4, 2026

TEND (iShares Large Cap 10% Target Buffer Dec ETF) and DYNF (BlackRock U.S. Equity Factor Rotation ETF) are both exchange-traded funds - TEND is a Defined Outcome fund actively managed by BlackRock, while DYNF is a Large Cap Growth Equities fund actively managed by BlackRock. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. TEND charges 0.50%/yr vs 0.30%/yr for DYNF.

Performance

TEND vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap 10% Target Buffer Dec ETF (TEND) 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, TEND achieves a 6.91% return, which is significantly lower than DYNF's 11.55% return.

TEND

• 1D: -0.28%
• 1M: 2.91%
• YTD: 6.91%
• 6M: 7.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

TEND vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025
TEND iShares Large Cap 10% Target Buffer Dec ETF	6.91%	1.72%
DYNF BlackRock U.S. Equity Factor Rotation ETF	11.55%	2.40%

Correlation

The correlation between TEND and DYNF is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.94

Return for Risk

TEND vs. DYNF — Risk / Return Rank

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

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.

TEND vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Dec ETF (TEND) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TEND	DYNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.83	+0.89

Drawdowns

TEND vs. DYNF - Drawdown Comparison

The maximum TEND drawdown since its inception was -5.92%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for TEND and DYNF.

Drawdown Indicators

	TEND	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-5.92%	-34.72%	+28.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.65%	—
Current Drawdown Current decline from peak	-0.28%	-0.57%	+0.29%
Average Drawdown Average peak-to-trough decline	-0.76%	-5.98%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.78%	—

Volatility

Volatility by Period

	TEND	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.08%	12.44%	-4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.08%	17.50%	-9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.08%	19.90%	-11.82%

TEND vs. DYNF - Expense Ratio Comparison

TEND has a 0.50% expense ratio, which is higher than DYNF's 0.30% expense ratio.

Dividends

TEND vs. DYNF - Dividend Comparison

TEND's dividend yield for the trailing twelve months is around 0.13%, less 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%
TEND iShares Large Cap 10% Target Buffer Dec ETF	0.13%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEND and DYNF in my portfolio?

With a correlation of 0.94, TEND 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 ETF is better, TEND or DYNF?

On fees, DYNF is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEND or DYNF?

DYNF is cheaper with a 0.30% expense ratio, compared with 0.50% for TEND.

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

DYNF has the higher dividend yield at 0.89%, compared with 0.13% for TEND.

What is the main difference between TEND and DYNF?

TEND is categorized as Defined Outcome, while DYNF is Large Cap Growth Equities. Their fees differ too: 0.50% for TEND and 0.30% for DYNF.