Data as of Oct 28, 2026.
DYNF vs IAU: Differences, Returns & Fees
DYNF is an actively managed equity fund and IAU a commodity fund, and over the year to Oct 28, 2026, DYNF returned +14.5% against +2.7%.
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Net assets: $42.7bn on Oct 27, 2026 for iShares U.S. Equity Factor Rotation Active ETF, and $60.1bn on Oct 28, 2026 for iShares Gold Trust.
Pair scorecard
IAU costs 0.01 points a year less; their one-year returns differ by 11.8 points; IAU is 1.4 times larger.
| Measure | DYNF | IAU |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +2.7% |
| Drawdown | ||
| Below its high | 24.6%, high on Jan 29, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Gold |
| Cost and size | ||
| Expense ratio | 0.26% | 0.25% |
| Net assets, as of Oct 27, 2026 | $42.7bn | $60.3bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 95% | |
| Top ten holdings, share of the fund | 40.7% | |
Risk and return
Mar 29, 2019 to Oct 23, 2026 · 395 weekly returnsEach against its own benchmark: DYNF against PBUS, Mar 29, 2019 to Oct 23, 2026; IAU against GLD, Feb 4, 2005 to Oct 23, 2026.
DYNF and IAU returned about the same: +202.7% and +203.5%. IAU swung less: 16.6% to 19.3%. IAU fell less at its worst: −24.1% to −32.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DYNF | IAU | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +202.7% | +203.5% | Tie | Price change plus distributions, reinvested. |
| Annualized | +15.7% | +15.7% | Tie | Total return as a yearly rate. |
| Price return | +170.1% | +203.5% | IAU | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 16.6% | IAU | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.4% | 10.9% | IAU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.7% | −24.1% | IAU | Deepest fall from a high to the low after it. |
| Upside capture | 104.8% | 100.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 102.2% | 100.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.03 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.79 | IAU | Return above Treasury bills per unit of volatility. |
| Sortino | 1.02 | 1.21 | IAU | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.132 | 0.098 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.48 | 0.65 | IAU | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | PBUS | GLD | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.05 | 0.67 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.9% to +2.7% | −0.2% to +0.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.09 | 0.18 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.9% | 0.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 395 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
DYNF and IAU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DYNF and IAU do different jobs. What does each one do in a portfolio?
- What each follows. DYNF follows No index, actively managed and IAU follows Gold.
- One-year total return. Over 1 year to Oct 28, 2026 DYNF returned +14.5% and IAU +2.7% with distributions reinvested, a gap of 11.8 points.
- Cost (similar). DYNF charges 0.26% of assets a year and IAU 0.25%, a gap of 0.01 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%.
Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.
IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DYNF or IAU?
- In the year to Oct 28, 2026, with distributions reinvested, DYNF returned +14.5% and IAU +2.7%.
- Which is cheaper, DYNF or IAU?
- IAU is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, DYNF against IAU, data as of Oct 28, 2026. https://etfiq.com/compare/any/dynf-vs-iau
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[DYNF against IAU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dynf-vs-iau)
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