DYNF vs INRO
iShares US Equity Factor Rotation Active ETF vs iShares US Industry Rotation Active ETF
Which is better, DYNF or INRO?
Nearly the same fund. DYNF costs less.
DYNF has a lower expense ratio. DYNF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. INRO is less concentrated, with 38.5% of the fund in its ten largest positions against 40.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DYNF | INRO |
|---|---|---|
| Expense Ratio | 0.26%Best | 0.42% |
| AUM | $42.9B | $525M |
| Dividend Yield | 0.81% | 0.59% |
| Holdings | 229 | 296 |
| YTD Return | +14.80% | +14.92%Best |
| 1Y Return | +19.33%Best | +18.38% |
| 3Y Return (annualized) | +25.88% | - |
| 5Y Return (annualized) | +15.33% | - |
| Volatility (annualized) | 12.1%Best | 12.9% |
| Max Drawdown | -18.7%Best | -20.0% |
| $10,000 over 2.5 years | $15,880Best | $14,807 |
| Top 10 Weight | 40.9% | 38.5%Best |
| Fund Family | BlackRock, Inc. (US) | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 19, 2019 | Mar 26, 2024 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 28, 2024 to Oct 14, 2026 (2.5 years).
DYNF vs INRO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
DYNF vs INRO Performance
iShares US Equity Factor Rotation Active ETF (DYNF) is an ETF from BlackRock, Inc. (US) and iShares US Industry Rotation Active ETF (INRO) is an ETF from BlackRock, Inc. (US). Over the past year DYNF returned +19.33% while INRO returned +18.38%. Year to date, DYNF is up 14.80% versus a gain of 14.92% for INRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INRO has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 12.1% for DYNF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.7% for DYNF and -20.0% for INRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DYNF charges 0.26% per year while INRO charges 0.42%. On a $10,000 position that is $26 vs $42 annually, a gap of $16 per year that compounds over a long holding period. On income, DYNF currently yields 0.81% against 0.59% for INRO.
Holdings Overlap
88.0% of DYNF's money is in holdings INRO also owns. 83.6% of INRO's money is in holdings DYNF also owns.
Most of DYNF is already inside INRO. Owning both mostly buys the same companies twice.
150 positions in common, counted across the 259 positions we hold weights for in DYNF and 304 in INRO, against full books of 229 and 296.
What only one of them owns
Our book lists 134 positions for INRO that do not appear in our book for DYNF (15.5% of the fund), and 87 for DYNF that do not appear in INRO (11.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DYNF | Weight in INRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.62% | 8.15% | 0.47% |
| AAPLApple, Inc | 7.71% | 7.72% | 0.01% |
| MSFTMicrosoft Corp | 4.94% | 5.71% | 0.77% |
| AMZNAmazon.Com Inc | 4.03% | 3.52% | 0.51% |
| GOOGLAlphabet Inc | 2.44% | 3.10% | 0.66% |
| JPMJpmorgan Chase | 3.22% | 1.79% | 1.43% |
| METAMeta Platforms Inc | 2.70% | 2.28% | 0.42% |
| AVGOBroadcom Inc | 2.52% | 2.06% | 0.46% |
| GOOGAlphabet Inc. C | 2.01% | 2.29% | 0.28% |
| MUMicron Technology, Inc. | 1.99% | 1.88% | 0.11% |
88.0% of DYNF is already inside INRO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DYNF or INRO?
DYNF has an expense ratio of 0.26% while INRO charges 0.42%. DYNF is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, DYNF or INRO?
Over the past year DYNF returned +19.33% vs +18.38% for INRO, so DYNF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DYNF or INRO?
INRO has been the more volatile fund at 12.9% annualized versus 12.1% for DYNF. Worst drawdown: DYNF -18.7% vs INRO -20.0%.
Should I hold both DYNF and INRO?
DYNF and INRO have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DYNF and INRO?
88.0% of DYNF's money is in holdings INRO also owns. 83.6% of INRO's is in holdings DYNF also owns. They hold 150 positions in common, counted across the 259 positions we hold weights for in DYNF and 304 in INRO.
Which pays a higher dividend, DYNF or INRO?
DYNF yields 0.81% while INRO yields 0.59%, so DYNF currently pays the higher dividend yield.
Is INRO better than DYNF?
DYNF has a lower expense ratio. DYNF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. INRO is less concentrated, with 38.5% of the fund in its ten largest positions against 40.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.