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Launched · SEC filings

iShares Dynamic Equity Active ETF

BDYNNasdaqiSharesA

$26.94−0.16 (−0.60%)

At close: Nov 2, 2026, 4:00 PM ET

A73/ 100

Rank 7 of 44 in Global Active Equity

A73/100Rank 7 of 44inGlobal Active Equity
Intraday session: down, 79 prints from 27.10 to 26.94. Range 26.94 to 27.38. Use the arrow keys to read each point.27.0027.2027.3027.4010 AM12 PM2 PM4 PM
Expense ratio
0.39%*
Fund size
$3.1B
1Y total return
+7.1%
Yield · Last 12 months
No data
Holdings
279
Avg volume · 30D
382K sh
52W range
low $23.51high $29.31
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jun 30, 2028. Without it: 0.40%.

The ETF.net BDYN Grade

A

Score 73 out of 100

Category
Global Active Equity⁠
Rank
7 of 44
Six-pillar profile for BDYN. Scores out of 100: Cost 79, Risk 49, Mission 68, Tradability 77, Holdings 75, Durability 96. Strongest: Durability (96). Weakest: Risk (49). Leans toward Durability.

Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A79 out of 100
    Rank 9 of 44

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B68 out of 100
    Rank 6 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 25 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 7 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A75 out of 100
    Rank 10 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A96 out of 100
    Rank 1 of 44

Our read on BDYN

ETF.net Research

In short

AA 2017 BlackRock Global Allocation mutual fund that slipped into an ETF wrapper in September 2025. Go-anywhere global stock picking, roughly 240 names, measured against MSCI World.

Stated mandate

The fund seeks total return through active management of a stock portfolio diversified across regions, sectors, and industries.

Why people hold it

  • Not a new launch: it ran as the BlackRock GA Dynamic Equity mutual fund from 2017, converting in September 2025 with the same objective and the same Global Allocation team.ishares.com
  • 0.39% net of a waiver through June 30, 2028 (0.40% gross), below the typical global active equity fee. Sibling BDVL matches it, with a waiver to the same date.
  • Few guardrails: developed, emerging and frontier markets, any market cap, convertibles, cash and commodity-linked exposure through a Cayman subsidiary, all in one ticker.sec.gov
  • Multi-billion-dollar fund inside the iShares lineup, and one of the stronger showings among the global active equity funds we grade.

Worth knowing

  • Broad-market active rivals cost less: AVTM at 0.22% and AVGE at 0.23%, neither leaning on a waiver.
  • No index to hug. The mix moves with the managers' read on growth, resources and politics, so results can diverge from MSCI World in either direction.sec.gov
  • Short history as an ETF, so its trading and risk record in this wrapper is still thin. Distributions land annually, not monthly.ishares.com

BDYN Performance

Launched Jun 1, 2017

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BDYN$10,714
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BDYN $10,714. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BDYN. Periods over one year show the average yearly return.
PeriodBDYN
Year to date+5.8%
1 month−2.7%
3 months−1.3%
1 year+7.1%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BDYN
YearReturn barBDYN
2026 YTD+5.8%
2025+3.7%

History from Sep 15, 2025

BDYN in the news

BDYN Dividends

Last payment
$0.56 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 16, 2025 $0.56. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 19, 2025$0.56

$10,000 in BDYN 1 year ago paid $216 in dividends.

BDYN Risk

Risk pillarC49 out of 100Rank 25 of 42 in Global Active Equity
How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.41
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.8%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BDYN Cost

Compare BDYN and AVTM

Overpaying vs AVTM, cheapest in Global Active Equity

$3,340

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BDYN 0.39%

    $7,898

  • AVTM 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • BDYN 0.39%
  • AVTM 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BDYN $7,898AVTM $4,558

Year by year

YearBDYNAVTMOverpaying
10$705$401$304
20$2,725$1,561$1,164
30$7,898$4,558$3,340
How the 0.39% is worked out

Full fee 0.40%− waiver 0.01%= you pay 0.39%

The waiver ends Jun 30, 2028. After that the fee is 0.40% unless iShares renews it. Source: prospectus, Aug 2026.

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