DYNF vs PBUS
iShares US Equity Factor Rotation Active ETF vs Invesco MSCI USA ETF
Which is better, DYNF or PBUS?
Nearly the same fund. PBUS costs less.
PBUS has a lower expense ratio. DYNF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. PBUS is less concentrated, with 38.2% 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 | PBUS |
|---|---|---|
| Expense Ratio | 0.26% | 0.04%Best |
| AUM | $42.9B | $10.8B |
| Dividend Yield | 0.81% | 1.01% |
| Holdings | 229 | 1,048 |
| YTD Return | +14.80%Best | +12.43% |
| 1Y Return | +19.33%Best | +15.79% |
| 3Y Return (annualized) | +25.88%Best | +22.02% |
| 5Y Return (annualized) | +15.33%Best | +12.54% |
| Volatility (annualized) | 16.6% | 16.4%Best |
| Max Drawdown | -34.7% | -33.2%Best |
| $10,000 over 5 years | $20,404Best | $18,052 |
| Top 10 Weight | 40.9% | 38.2%Best |
| Fund Family | BlackRock, Inc. (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 19, 2019 | Sep 22, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Mar 21, 2019 to Oct 14, 2026 (7.6 years).
DYNF vs PBUS 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 7.6 years both funds cover.
DYNF vs PBUS Performance
iShares US Equity Factor Rotation Active ETF (DYNF) is an ETF from BlackRock, Inc. (US) and Invesco MSCI USA ETF (PBUS) is an ETF from Invesco (US). Over the past year DYNF returned +19.33% while PBUS returned +15.79%. Year to date, DYNF is up 14.80% versus a gain of 12.43% for PBUS.
Over three years, DYNF compounded at +25.88% per year against +22.02% for PBUS; over five years the annualized figures are +15.33% and +12.54% respectively. Across the full 8-year window we track, DYNF has the edge at +15.94% annualized vs +15.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DYNF has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 16.4% for PBUS. 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 -34.7% for DYNF and -33.2% for PBUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 PBUS charges 0.04%. On a $10,000 position that is $26 vs $4 annually, a gap of $22 per year that compounds over a long holding period. On income, DYNF currently yields 0.81% against 1.01% for PBUS.
Holdings Overlap
98.8% of DYNF's money is in holdings PBUS also owns. 83.0% of PBUS's money is in holdings DYNF also owns.
Most of DYNF is already inside PBUS. Owning both mostly buys the same companies twice.
219 positions in common, counted across the 259 positions we hold weights for in DYNF and 509 in PBUS, against full books of 229 and 1,048.
What only one of them owns
Our book lists 278 positions for PBUS that do not appear in our book for DYNF (16.6% of the fund), and 26 for DYNF that do not appear in PBUS (1.0%).
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 PBUS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.62% | 8.08% | 0.54% |
| AAPLApple, Inc | 7.71% | 7.36% | 0.35% |
| MSFTMicrosoft Corp | 4.94% | 5.48% | 0.54% |
| AMZNAmazon.Com Inc | 4.03% | 3.65% | 0.38% |
| GOOGLAlphabet Inc | 2.44% | 3.02% | 0.58% |
| METAMeta Platforms Inc | 2.70% | 2.40% | 0.30% |
| AVGOBroadcom Inc | 2.52% | 2.41% | 0.11% |
| JPMJpmorgan Chase | 3.22% | 1.33% | 1.89% |
| GOOGAlphabet Inc. C | 2.01% | 2.39% | 0.38% |
| MUMicron Technology, Inc. | 1.99% | 1.82% | 0.17% |
98.8% of DYNF is already inside PBUS.
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 PBUS?
DYNF has an expense ratio of 0.26% while PBUS charges 0.04%. PBUS is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, DYNF or PBUS?
Over the past year DYNF returned +19.33% vs +15.79% for PBUS, so DYNF leads on 1-year performance. Over the longest common window we track (8 years), DYNF annualized +15.94% vs +15.49% for PBUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DYNF or PBUS?
DYNF has been the more volatile fund at 16.6% annualized versus 16.4% for PBUS. Worst drawdown: DYNF -34.7% vs PBUS -33.2%.
Should I hold both DYNF and PBUS?
DYNF and PBUS have a monthly-return correlation of 0.98, 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 PBUS?
98.8% of DYNF's money is in holdings PBUS also owns. 83.0% of PBUS's is in holdings DYNF also owns. They hold 219 positions in common, counted across the 259 positions we hold weights for in DYNF and 509 in PBUS.
Which pays a higher dividend, DYNF or PBUS?
DYNF yields 0.81% while PBUS yields 1.01%, so PBUS currently pays the higher dividend yield.
Is PBUS better than DYNF?
PBUS has a lower expense ratio. DYNF led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. PBUS is less concentrated, with 38.2% 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.