USMF vs. DYNF

Last updated Jun 23, 2026

USMF (WisdomTree US Multifactor Fund) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index, while DYNF is a Large Cap Blend Equities fund actively managed by iShares. USMF is passively managed, while DYNF is actively managed. Over the past 5 years, USMF returned 8.51%/yr vs 15.28%/yr for DYNF. Their correlation of 0.84 suggests significant overlap in exposure. USMF charges 0.28%/yr vs 0.26%/yr for DYNF.

Performance

USMF vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) 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, USMF achieves a 6.43% return, which is significantly lower than DYNF's 11.85% return.

USMF

• 1D: 0.68%
• 1M: 2.64%
• YTD: 6.43%
• 6M: 5.24%
• 1Y: 9.74%
• 3Y*: 14.55%
• 5Y*: 8.51%
• 10Y*: —

DYNF

• 1D: -0.01%
• 1M: 1.78%
• YTD: 11.85%
• 6M: 11.36%
• 1Y: 30.86%
• 3Y*: 25.88%
• 5Y*: 15.28%
• 10Y*: —

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

USMF vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
USMF WisdomTree US Multifactor Fund	6.43%	4.60%	19.65%	13.47%	-8.82%	21.26%	12.01%	12.56%
DYNF iShares U.S. Equity Factor Rotation Active ETF	11.85%	20.00%	30.29%	36.25%	-20.27%	22.12%	13.47%	14.75%

Correlation

The correlation between USMF and DYNF is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.84

Over the past year, the correlation between USMF and DYNF has dropped to 0.61 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

USMF vs. DYNF - Sectors Allocation Comparison

Sectors	USMF	DYNF
Technology	33.2%	40.5%
Financial Services	10.7%	14.9%
Consumer Cyclical	10.5%	7.0%
Communication Services	9.8%	10.3%
Healthcare	9.0%	5.8%
Industrials	8.2%	9.5%
Energy	4.8%	4.5%
Consumer Defensive	4.3%	1.7%
Real Estate	2.0%	1.9%
Utilities	1.9%	2.8%
Basic Materials	0.9%	0.8%

Return for Risk

USMF vs. DYNF — Risk / Return Rank

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

USMF

USMF Risk / Return Rank: 27
USMF Sharpe Ratio Rank: 24
USMF Sortino Ratio Rank: 24
USMF Omega Ratio Rank: 22
USMF Calmar Ratio Rank: 31
USMF Martin Ratio Rank: 32

DYNF

DYNF Risk / Return Rank: 77
DYNF Sharpe Ratio Rank: 77
DYNF Sortino Ratio Rank: 74
DYNF Omega Ratio Rank: 75
DYNF Calmar Ratio Rank: 73
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.

USMF vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) 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.

	USMF	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.36	-1.51
Sortino ratio: Return per unit of downside risk	1.29	3.17	-1.88
Omega ratio: Gain probability vs. loss probability	1.15	1.42	-0.27
Calmar ratio: Return relative to maximum drawdown	1.51	3.58	-2.07
Martin ratio: Return relative to average drawdown	4.49	16.77	-12.28

USMF vs. DYNF - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.86, which is lower than the DYNF Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of USMF 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

USMF vs. DYNF - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, roughly equal to the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for USMF and DYNF.

Drawdown Indicators

	USMF	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-36.24%	-34.72%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-8.67%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-18.70%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-28.65%	+10.55%
Current Drawdown Current decline from peak	-0.20%	-0.35%	+0.15%
Average Drawdown Average peak-to-trough decline	-4.14%	-5.95%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.85%	+0.32%

Volatility

USMF vs. DYNF - Volatility Comparison

The current volatility for WisdomTree US Multifactor Fund (USMF) is 4.52%, while iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a volatility of 5.10%. This indicates that USMF 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

	USMF	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	5.10%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	10.53%	-2.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	13.15%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	17.60%	-3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	19.91%	-2.94%

USMF vs. DYNF - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is higher than DYNF's 0.26% expense ratio.

Dividends

USMF vs. DYNF - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.29%, more than DYNF's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DYNF iShares U.S. Equity Factor Rotation Active ETF	0.80%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.29%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both USMF and DYNF in my portfolio?

USMF and DYNF have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMF or DYNF?

DYNF has higher volatility (5.10%) compared to USMF (4.52%). In terms of maximum drawdown, USMF dropped -36.24% vs DYNF's -34.72%.

Which ETF is better, USMF or DYNF?

On 5-year performance, DYNF leads with 15.28% vs 8.51% for USMF. On fees, DYNF is cheaper at 0.26% per year. On volatility, USMF has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USMF or DYNF?

Over the 5-year period, DYNF has performed better with a 15.28% return vs 8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USMF or DYNF?

DYNF is cheaper with a 0.26% expense ratio, compared with 0.28% for USMF.

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

USMF has the higher dividend yield at 1.29%, compared with 0.80% for DYNF.

What is the main difference between USMF and DYNF?

USMF is categorized as Mid Cap Blend Equities, while DYNF is Large Cap Blend Equities. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.28% for USMF and 0.26% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.36 vs 0.86), 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.