Data as of Oct 28, 2026.
DYNF vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, DYNF returned +14.5% to USMV's +10.8%; 34% 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 $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.11 points a year less; their one-year returns differ by 3.7 points; DYNF is 1.8 times larger.
| Measure | DYNF | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.5% | +10.8% |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.26% | 0.15% |
| Net assets, as of Oct 27, 2026 | $42.7bn | $24.1bn |
| Holdings | ||
| Holdings in common | 34% | |
| Top ten holdings, share of the fund | 40.7% | 14.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 29, 2019 to Oct 23, 2026 · 395 weekly returnsDYNF returned more: +202.7% to +99.1%. USMV swung less: 15.9% to 19.3%. USMV fell slightly less at its worst: −30.6% to −32.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DYNF | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +202.7% | +99.1% | DYNF | Price change plus distributions, reinvested. |
| Annualized | +15.7% | +9.5% | DYNF | Total return as a yearly rate. |
| Price return | +170.1% | +75.1% | DYNF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 15.9% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.4% | 11.3% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.7% | −30.6% | USMV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.47 | DYNF | Return above Treasury bills per unit of volatility. |
| Sortino | 1.02 | 0.66 | DYNF | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.48 | 0.31 | DYNF | Annualized return divided by the max drawdown. |
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 USMV hold 34% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
34% in common
Only in one fund ↓
Side by side
DYNF and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DYNF and USMV 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 USMV follows MSCI USA Minimum Volatility (USD) Index.
- Holdings in common. 34% 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 USMV +10.8% with distributions reinvested, a gap of 3.7 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%.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Which returned more over the last year, DYNF or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, DYNF returned +14.5% and USMV +10.8%.
- Which is cheaper, DYNF or USMV?
- USMV 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 USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/dynf-vs-usmv
ETFIQ. (Oct 28, 2026). DYNF against USMV. Retrieved from https://etfiq.com/compare/any/dynf-vs-usmv
[DYNF against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dynf-vs-usmv)
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