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DYNF vs MSLC: Differences, Returns & Fees

DYNF and MSLC hold 58% of their weight in the same names, and DYNF returned +19.6% over the year. Net assets: $42.9bn on Oct 9, 2026 for iShares U.S. Equity Factor Rotation Active ETF, and $4.0bn on May 31, 2026 for Morgan Stanley Pathway Large Cap Equity ETF.

DYNF costs 0.13 points a year less; their one-year returns differ by 5.3 points; DYNF is 5.5 times larger.

DYNF vs MSLC: Differences, Returns & Fees
DYNFMSLC
Expense ratio0.26%0.39%
Net assets, as of Feb 28, 2025$15.4bn$2.8bn
Total return, 1 year+19.6%+14.3%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common58%
Top ten holdings, share of the fund41.0%34.8%

Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.

+19.6%
DYNF total return, 1 year
+14.3%
MSLC total return, 1 year
0.26%
DYNF expense ratio
0.39%
MSLC expense ratio

What they hold in common

By the books each fund has filed, DYNF and MSLC hold 58% 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 May 31, 2026 and Oct 9, 2026.

half

58% in common

Positions both hold, largest shared weight first
Holding DYNF MSLC
NVIDIA 8.39% 6.61%
MICROSOFT 5.08% 4.98%
APPLE 7.73% 4.87%
AMAZON.COM INC 4.18% 4.46%
BROADCOM INC 2.55% 2.87%
ALPHABET CLASS A 2.48% 3.45%
META PLATFORMS CLASS A 2.65% 2.33%
ALPHABET CLASS C 2.05% 2.14%
MICRON TECHNOLOGY 1.89% 1.76%
JPMORGAN CHASE & CO 3.20% 1.37%
TESLA INC 1.57% 1.32%
CISCO SYSTEMS INC 1.67% 0.94%
Only in DYNF
EXXONMOBIL HOLDINGS CORP 2.74%
TRAVELERS COMPANIES 1.42%
APPLIED MATERIAL INC 1.31%
REALTY INCOME REIT 0.67%
SPACE EXPLORATION TECHNOLOGIES COR 0.67%
DEERE 0.49%
GE AEROSPACE 0.47%
PHILIP MORRIS INTERNATIONAL 0.28%
Only in MSLC
EXXON MOBIL CORP 0.95%
LINDE PLC 0.69%
BROOKFIELD CORP 0.66%
TRANSDIGM GROUP INC 0.52%
INTL BUSINESS MACHINES CORP 0.45%
GENERAL ELECTRIC 0.44%
BLACKROCK INC 0.43%
TJX COMPANIES INC 0.41%

Check overlap with more funds →

On the same fields

DYNF
iShares U.S. Equity Factor Rotation Active ETF
MSLC
Morgan Stanley Pathway Large Cap Equity ETF
Where it sits Stock ETF Stock ETF
Issuer iShares MORGAN STANLEY PATHWAY
What it is Actively managed Actively managed
Total return, 1 year +19.6% +14.3%
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% 0.39%
Already in the S&P 500 94.8% 92.3%
Holdings 261 1007
Net assets, DYNF as of Oct 9, 2026 and MSLC as of May 31, 2026 $42.9bn $4.0bn

DYNF and MSLC 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 MSLC

MSLC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings filed for May 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,007 positions, with the top ten at 34.8%.

Questions people ask

Which returned more over the last year, DYNF or MSLC?
In the year to Oct 9, 2026, with distributions reinvested, DYNF returned +19.6% and MSLC +14.3%.
Which is cheaper, DYNF or MSLC?
DYNF is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DYNF and MSLC overlap with the S&P 500?
By their latest filed holdings, 95% of DYNF and 92% of MSLC by weight is stocks the S&P 500 already holds.
Other comparisons
DYNF vs LRGFDYNF vs GRNYDYNF vs QLTYDYNF vs TSPAMSLC vs VVMSLC vs SCHXITOT vs MSLCMSLC vs VIG
DYNF on its own →MSLC 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 ↗MSLC filings on SEC EDGAR ↗MSLC prospectus with the expense ratio (SEC) ↗MORGAN STANLEY PATHWAY website ↗

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 MSLC, data as of Oct 9, 2026. https://etfiq.com/compare/any/dynf-vs-mslc

Open data

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