Data as of Oct 28, 2026.
DYNF vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, DYNF returned +14.5% to SPHQ's +14.1%; 20% 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 $18.7bn for Invesco S&P 500 Quality ETF.
Pair scorecard
SPHQ costs 0.11 points a year less; their one-year returns differ by 0.4 points; DYNF is 2.3 times larger.
| Measure | DYNF | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +14.1% |
| Drawdown | ||
| Below its high | 6.4%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.26% | 0.15% |
| Net assets, as of Oct 27, 2026 | $42.7bn | $18.7bn |
| Holdings | ||
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 40.7% | 43.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
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; SPHQ against IVV, Dec 16, 2005 to Oct 23, 2026.
DYNF returned slightly more: +202.7% to +188.5%. SPHQ swung slightly less: 17.6% to 19.3%. SPHQ fell less at its worst: −28.8% to −32.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DYNF | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +202.7% | +188.5% | DYNF (slight) | Price change plus distributions, reinvested. |
| Annualized | +15.7% | +15.0% | DYNF (slight) | Total return as a yearly rate. |
| Price return | +170.1% | +158.2% | DYNF (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 17.6% | SPHQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.4% | 12.2% | SPHQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.7% | −28.8% | SPHQ | Deepest fall from a high to the low after it. |
| Upside capture | 104.8% | 91.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 102.2% | 97.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.03 | 0.94 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.85 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.72 | SPHQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.02 | 1.04 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.132 | 0.097 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.48 | 0.52 | SPHQ (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | PBUS | IVV | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −0.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.05 | −0.31 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.9% to +2.7% | −3.5% to +2.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.09 | −0.15 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.9% | 7.1% | 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.
What they share
By the books each fund has filed, DYNF and SPHQ hold 20% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
20% in common
Only in one fund ↓
Side by side
DYNF and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DYNF and SPHQ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. DYNF follows No index, actively managed and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. DYNF charges 0.26% of assets a year and SPHQ 0.15%, a gap of 0.11 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%.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DYNF or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, DYNF returned +14.5% and SPHQ +14.1%.
- Which is cheaper, DYNF or SPHQ?
- SPHQ 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 SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/dynf-vs-sphq
ETFIQ. (Oct 28, 2026). DYNF against SPHQ. Retrieved from https://etfiq.com/compare/any/dynf-vs-sphq
[DYNF against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dynf-vs-sphq)
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