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DYNF vs IWL: Differences, Returns & Fees

DYNF and IWL hold 70% of their weight in the same names, and DYNF returned +19.6% over the year. Net assets on Oct 9, 2026: $42.9bn for iShares U.S. Equity Factor Rotation Active ETF and $2.3bn for iShares Russell Top 200 ETF.

IWL costs 0.11 points a year less; their one-year returns differ by 2.8 points; DYNF is 18.8 times larger.

DYNF vs IWL: Differences, Returns & Fees
DYNFIWL
Expense ratio0.26%0.15%
Net assets$42.9bn$2.3bn
Total return, 1 year+19.6%+16.8%
What it tracksNo index, actively managedRussell Top 200 Index
Holdings in common70%
Top ten holdings, share of the fund41.0%44.6%

Holdings in common uses holdings dated Oct 9, 2026.

+19.6%
DYNF total return, 1 year
+16.8%
IWL total return, 1 year
0.26%
DYNF expense ratio
0.15%
IWL expense ratio

What they hold in common

By the books each fund has filed, DYNF and IWL hold 70% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

70% in common

Positions both hold, largest shared weight first
Holding DYNF IWL
NVIDIA 8.39% 9.18%
APPLE 7.73% 8.35%
MICROSOFT 5.08% 6.82%
AMAZON.COM INC 4.18% 4.37%
META PLATFORMS CLASS A 2.65% 2.71%
BROADCOM INC 2.55% 2.89%
ALPHABET CLASS A 2.48% 3.52%
ALPHABET CLASS C 2.05% 2.84%
MICRON TECHNOLOGY 1.89% 1.99%
ADVANCED MICRO DEVICES 1.77% 1.70%
TESLA INC 1.57% 1.92%
JPMORGAN CHASE & CO 3.20% 1.53%
Only in DYNF
ALLSTATE CORP 0.98%
REALTY INCOME REIT 0.67%
AMERICAN INTERNATIONAL GROUP 0.57%
HARTFORD INSURANCE GROUP 0.53%
CARDINAL HEALTH 0.25%
SEAGATE TECHNOLOGY HOLDINGS PLC 0.25%
PHILLIPS 66 0.21%
EXELON CORP 0.18%
Only in IWL
KLA 0.44%
LINDE PLC 0.38%
BLACKROCK 0.28%
CONOCOPHILLIPS 0.28%
BOEING 0.25%
CHUBB 0.21%
S&P GLOBAL 0.21%
FREEPORT MCMORAN INC 0.18%

Check overlap with more funds →

On the same fields

DYNF
iShares U.S. Equity Factor Rotation Active ETF
IWL
iShares Russell Top 200 ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Actively managed Tracks an index
Total return, 1 year +19.6% +16.8%
Its benchmark over the same days +16.9% (PBUS) not published
Gap to its benchmark +2.6 pts vs PBUS not available
Expense ratio 0.26% 0.15%
Already in the S&P 500 94.8% 99.2%
Holdings 261 202
Net assets $42.9bn $2.3bn

DYNF and IWL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About DYNF

DYNF is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +19.6% with distributions reinvested, against +16.9% 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 9, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 261 positions, with the top ten at 41.0%.

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

Questions people ask

Which returned more over the last year, DYNF or IWL?
In the year to Oct 9, 2026, with distributions reinvested, DYNF returned +19.6% and IWL +16.8%.
Which is cheaper, DYNF or IWL?
IWL 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.
How much do DYNF and IWL overlap with the S&P 500?
By their latest filed holdings, 95% of DYNF and 99% of IWL by weight is stocks the S&P 500 already holds.
Other comparisons
DYNF vs USCLDYNF vs SNPEDYNF vs GSUSDYNF vs GRNYIWL vs VIGIWL vs SPYMIWL vs VTIIWL vs SPY
DYNF on its own →IWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DYNF filings on SEC EDGAR ↗DYNF prospectus with the expense ratio (SEC) ↗iShares page for DYNF ↗IWL filings on SEC EDGAR ↗IWL prospectus with the expense ratio (SEC) ↗iShares page for IWL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, DYNF against IWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dynf-vs-iwl

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.