Data as of Oct 28, 2026.
DYNF vs GARP: Differences, Returns & Fees
Over the year to Oct 28, 2026, DYNF returned +14.5% to GARP's +18.0%; 44% of their weight is in the same names.
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Net assets on Oct 27, 2026: $42.7bn for iShares U.S. Equity Factor Rotation Active ETF and $3.6bn for iShares MSCI USA Quality GARP ETF.
Pair scorecard
GARP costs 0.11 points a year less; their one-year returns differ by 3.5 points; DYNF is 11.9 times larger.
| Measure | DYNF | GARP |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +18.0% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI USA Quality GARP Select Index |
| Cost and size | ||
| Expense ratio | 0.26% | 0.15% |
| Net assets, as of Oct 27, 2026 | $42.7bn | $3.6bn |
| Holdings | ||
| Holdings in common | 44% | |
| Top ten holdings, share of the fund | 40.7% | 43.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returns · each against PBUSGARP returned more: +232.4% to +159.4%. DYNF swung slightly less: 20.2% to 22.3%. GARP fell slightly less at its worst: −30.1% to −32.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DYNF | GARP | PBUS | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +159.4% | +232.4% | GARP | Price change plus distributions, reinvested. | |
| Annualized | +15.1% | +19.4% | GARP | Total return as a yearly rate. | |
| Price return | +134.4% | +215.4% | GARP | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 20.2% | 22.3% | DYNF (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 14.0% | 14.9% | DYNF (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −32.7% | −30.1% | GARP (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 107.5% | 133.9% | 100.0% | GARP | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 103.1% | 109.0% | 100.0% | DYNF (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.04 | 1.10 | 1.00 | DYNF lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.88 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.65 | 0.78 | GARP | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.94 | 1.16 | GARP | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.127 | 0.157 | 0.126 | GARP | Return above Treasury bills per unit of beta. |
| Calmar | 0.46 | 0.65 | GARP | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | PBUS | PBUS | PBUS | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | +3.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.04 | 1.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.0% to +3.1% | −2.4% to +9.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.14 | 0.59 | GARP | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.0% | 7.9% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 352 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DYNF and GARP hold 44% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
44% in common
Only in one fund ↓
Side by side
DYNF and GARP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DYNF and GARP do different jobs. What does each one do in a portfolio?
- What each follows. DYNF follows No index, actively managed and GARP follows MSCI USA Quality GARP Select Index.
- Holdings in common. 44% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DYNF returned +14.5% and GARP +18.0% with distributions reinvested, a gap of 3.5 points.
Data as of Oct 28, 2026.
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DYNF
DYNF is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.5% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.26% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 262 positions, with the top ten at 40.7%.
GARP
GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DYNF or GARP?
- In the year to Oct 28, 2026, with distributions reinvested, DYNF returned +14.5% and GARP +18.0%.
- Which is cheaper, DYNF or GARP?
- GARP is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DYNF against GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/dynf-vs-garp
ETFIQ. (Oct 28, 2026). DYNF against GARP. Retrieved from https://etfiq.com/compare/any/dynf-vs-garp
[DYNF against GARP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dynf-vs-garp)
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