AAUS vs DYNF: Grades, Fees and Holdings Compared

Alpha Architect US Equity ETF

AAUSANasdaq

iShares U.S. Equity Factor Rotation Active ETF

DYNFANYSE Arca

Overlap

64.2%by weight

Expense ratio

AAUS −0.17pt a year

AAUS0.09%DYNF0.26%

Avg volume · 30D

DYNF 319.3×the volume

AAUS7.06KDYNF2.25M

AAUS vs DYNF Performance

Oct 31, 2025 – Oct 30, 2026

+10.2%AAUS+11.6%DYNF

Expense ratio: AAUS 0.09%, better; DYNF 0.26%
Fund size: AAUS $526M; DYNF $41.8B
1Y total return: AAUS +10.2%; DYNF +11.6%, better
Yield (12M): AAUS No data; DYNF 0.84%
Holdings: AAUS 380; DYNF 264
Avg volume (30D): AAUS 7.06K sh; DYNF 2.25M sh, better
NAV per share: AAUS $60.69; DYNF $67.32
52W range

ETF.net Grade

Pillar letters and Scores for AAUS, DYNF, with each pillar’s weight
Pillar	AAUS	DYNF
Cost30% weight	A99Higher	A86
Mission25% weight	Not scored	Not scored
Risk15% weight	B60	A71Higher
Tradability15% weight	C45	A99Higher
Holdings10% weight	B69Higher	B65
Durability5% weight	B60	A97Higher

Rank among US Active Equity funds

How we build Categories ›

Same Category. AAUS and DYNF are both graded against the same 121 US Active Equity funds, so their Grades compare head to head.

US Active Equity⁠

Category · 121 funds

See all 121 ›

DYNF ranks 4th and AAUS 15th of 121 funds in the US Active Equity Category.

Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
Rank 4ADYNFiShares U.S. Equity Factor Rotation Active ETFScore 83
Rank 4AFELCFidelity Enhanced Large Cap Core ETFScore 83
Rank 14AAVIEAvantis Inflation Focused Equity ETFScore 74
Rank 15AAAUSAlpha Architect US Equity ETFScore 73
Rank 15AFEACFidelity Enhanced U.S. All-Cap Equity ETFScore 73

Our read on each fund

ETF.net Research

AAUSAAlpha Architect US Equity ETF

DYNFAiShares U.S. Equity Factor Rotation Active ETF

In short

AAUS No data

DYNF Most factor funds make you pick a lane: value, momentum, quality. DYNF rotates across five styles instead, letting a factor model decide which one leads, and charges an index-fund-ish 0.26% to do it.

Stated mandate

AAUS No data

DYNF The Fund seeks to outperform the U.S. equity market through diversified, tactical exposure to style factors using a factor rotation model.

Why people hold it

AAUS No data

DYNF Five style factors in one ticket (value, quality, momentum, growth, low volatility), reweighted by a rotation model rather than locked to a single tilt.
0.26% is well under half the median fee in its active US equity peer group, which is unusual pricing for a strategy with a human-supervised model behind it.
A multi-billion-dollar fund and one of the more actively traded names in its category, so getting in and out rarely becomes the hard part. Pays quarterly.
Running since 2019 under one of the biggest ETF shops, and it stands among the strongest overall implementations in the active US equity group we track.

Worth knowing

AAUS No data

DYNF The yardstick isn't the S&P 500: it's a custom blend of 80% MSCI USA and 20% MSCI USA Minimum Volatility, so a low-vol tilt is baked into the benchmark itself.
Active by design. The factor mix shifts, the book runs to a couple hundred stocks, and a rotation call can leave it out of step with a plain US market index fund.
Cheap for active, not the cheapest shelf: systematic peers DFAU (0.12%), AVLC (0.15%), DFAC (0.17%) and FELC (0.18%) all undercut it on fee.

Full AAUS profile⁠

Full DYNF profile⁠

AAUS vs DYNF Holdings

How AAUS and DYNF differ

Overlap by weight

64.2%

Shared holdings make up 96.6% of DYNF and 77.5% of AAUS.

Level by level

Holdings186 in both64.2%
Sector11 Sectors90.9%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in AAUS and DYNF, widest gap first
Sector	More in AAUSMore in DYNF	AAUS	DYNF
Financials	AAUS +4.3 points	19.7%	15.4%
Technology	DYNF +3.6 points	36.3%	39.9%
Consumer Staples	AAUS +2.1 points	4.3%	2.2%
Energy	DYNF +1.7 points	3.6%	5.3%
Industrials	DYNF +1.6 points	6.4%	8.0%
Communication	DYNF +1.4 points	8.2%	9.6%
Health Care	AAUS +1.1 points	8.8%	7.7%
Consumer Discretionary	AAUS +1.1 points	8.1%	7.0%
Materials	AAUS +0.7 points	1.6%	0.9%
Real Estate	DYNF +0.5 points	1.5%	2.0%
Utilities	DYNF +0.3 points	1.5%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in AAUS and DYNF, widest gap first
Country	More in AAUSMore in DYNF	AAUS	DYNF
United States	DYNF +0.5 points	99.5%	100.0%
Other countries (5)	AAUS +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

AAUS40.7%
DYNF40.4%

Securities held

AAUS379
DYNF262

Asset class

AAUS: Equity
DYNF: Equity

Holdings

Only in AAUS193
In both186
Only in DYNF76

Only in AAUS

193 securities, 22.4% of AAUS by weight

iShares Core S&P 500 ETF4.53%
State Street SPDR Portfolio S&P 500 ETF4.53%
Kla Corp0.33%
Linde PLC0.30%
ConocoPhillips0.29%
Chubb Ltd0.24%
Starbucks Corp0.22%
Marriott International Inc/MD0.18%
Equinix Inc0.18%
MiniMed Group Inc0.17%
Hilton Worldwide Holdings Inc0.17%
Consolidated Edison Inc0.17%
Targa Resources Corp0.17%
Freeport-McMoRan Inc0.16%
Simon Property Group Inc0.15%
Dominion Energy Inc0.14%
WW Grainger Inc0.14%
Westinghouse Air Brake Technologies Corp0.14%
Ventas Inc0.14%
AMETEK Inc0.14%
SLB Ltd0.13%
Northern Trust Corp0.13%
Boeing Co/The0.13%
Elevance Health Inc0.13%
S&P Global Inc0.13%
Fifth Third Bancorp0.12%
M&T Bank Corp0.12%
Entergy Corp0.12%
General Dynamics Corp0.11%
Emerson Electric Co0.11%
Expeditors International of Washington Inc0.11%
Truist Financial Corp0.11%
eBay Inc0.10%
Becton Dickinson & Co0.10%
Fastenal Co0.10%
Moderna Inc0.10%
ONEOK Inc0.10%
Steel Dynamics Inc0.10%
3M Co0.10%
First American Government Obligations Fund 12/01/20310.10%
Norfolk Southern Corp0.10%
Keurig Dr Pepper Inc0.10%
Ford Motor Co0.09%
Air Products and Chemicals Inc0.09%
Viatris Inc0.09%
Motorola Solutions Inc0.09%
Prudential Financial Inc0.09%
Delta Air Lines Inc0.09%
Illinois Tool Works Inc0.09%
Principal Financial Group Inc0.08%

Only in DYNF

76 securities, 3.1% of DYNF by weight

American International Group0.62%
Space Exploration Technologies Cor0.58%
Cvs Health0.15%
United Therapeutics0.11%
Snowflake0.11%
Woodward0.10%
Boston Scientific0.09%
Five Below0.09%
Atlassian Corp Class A0.08%
Crh Public Limited PLC0.08%
Ati0.08%
Roblox Class A0.07%
Neurocrine Biosciences0.06%
Astera Labs0.06%
Sofi Technologies0.05%
Halozyme Therapeutics0.05%
Insmed0.04%
Anglogold Ashanti PLC0.04%
Revolution Medicines0.04%
Mastec Inc0.04%
Hubspot0.04%
Cloudflare Class A0.03%
Mongodb Class A0.03%
L3HARRIS Technologies0.03%
Caci International Inc Class A0.03%
Lennar A Class A0.03%
Ftai Aviation0.03%
Strategy Inc Class A0.03%
Rocket Lab Corp0.02%
Carpenter Technology0.02%
Credo Technology Group Holding Ltd0.02%
Leidos Holdings0.02%
Zoom Communications Class A0.02%
Vici Pptys Inc0.02%
Figma Class A0.02%
Autodesk0.02%
Okta Class A0.02%
Abbott Laboratories0.02%
Deckers Outdoor0.02%
Alcoa Corp0.01%
Tenet Healthcare Corp0.01%
Elevance Health Inc0.01%
Alnylam Pharmaceuticals0.01%
Nike Class B0.01%
Celsius Holdings<0.01%
Renaissancere Holding<0.01%
Api Group<0.01%
Millicom International Cellular0.00%
Hf Sinclair0.00%
Affiliated Managers Group0.00%

Weight gaps

The 100 widest of 186 Holdings in both funds.

Holding weights in AAUS and DYNF, widest gap first
Holding	More in AAUSMore in DYNF	AAUS	DYNF
JPMorgan Chase & Co.JPM	DYNF +2.09 points	1.30%	3.39%
ExxonMobil Holdings CorpXOM	DYNF +2.01 points	1.17%	3.18%
Bank of America CorpBAC	DYNF +1.63 points	0.50%	2.13%
Travelers Cos Inc/TheTRV	DYNF +1.37 points	0.23%	1.60%
Salesforce IncCRM	DYNF +1.33 points	0.24%	1.57%
Apple IncAAPL	DYNF +1.12 points	7.15%	8.27%
Parker-Hannifin CorpPH	DYNF +1.10 points	0.18%	1.28%
Allstate Corp/TheALL	DYNF +1.00 points	0.14%	1.14%
Chevron CorpCVX	DYNF +0.99 points	0.72%	1.71%
Citigroup IncC	DYNF +0.98 points	0.37%	1.35%
Johnson & JohnsonJNJ	DYNF +0.97 points	1.07%	2.04%
Duke Energy CorpDUK	DYNF +0.97 points	0.10%	1.07%
Cisco Systems IncCSCO	DYNF +0.88 points	0.66%	1.54%
Caterpillar IncCAT	DYNF +0.84 points	0.47%	1.31%
Lam Research CorpLRCX	DYNF +0.78 points	0.48%	1.26%
Realty Income CorpO	DYNF +0.69 points	0.04%	0.73%
RTX CorpRTX	DYNF +0.69 points	0.43%	1.12%
Mastercard IncMA	AAUS +0.64 points	0.71%	0.07%
Goldman Sachs Group Inc/TheGS	DYNF +0.63 points	0.42%	1.05%
Welltower IncWELL	DYNF +0.61 points	0.31%	0.92%
Visa IncV	AAUS +0.61 points	1.03%	0.42%
Coca-Cola Co/TheKO	AAUS +0.60 points	0.67%	0.07%
Amazon.com IncAMZN	DYNF +0.59 points	3.41%	4.00%
Merck & Co IncMRK	AAUS +0.59 points	0.61%	0.02%
Microsoft CorpMSFT	AAUS +0.58 points	5.36%	4.78%
CME Group IncCME	DYNF +0.58 points	0.13%	0.71%
Applied Materials IncAMAT	DYNF +0.56 points	0.49%	1.05%
NVIDIA CorpNVDA	DYNF +0.54 points	7.29%	7.83%
Hartford Insurance Group Inc/TheHIG	DYNF +0.54 points	0.03%	0.57%
Newmont CorpNEM	DYNF +0.45 points	0.17%	0.62%
Trane Technologies PLCTT	DYNF +0.43 points	0.08%	0.51%
AT&T IncT	DYNF +0.43 points	0.21%	0.64%
Amphenol CorpAPH	DYNF +0.43 points	0.27%	0.70%
Verizon Communications IncVZ	DYNF +0.43 points	0.32%	0.75%
Netflix IncNFLX	DYNF +0.39 points	0.32%	0.71%
Home Depot Inc/TheHD	AAUS +0.36 points	0.38%	0.02%
Meta Platforms IncMETA	DYNF +0.35 points	2.02%	2.37%
Amgen IncAMGN	AAUS +0.34 points	0.39%	0.05%
Alphabet IncGOOGL	AAUS +0.33 points	2.40%	2.07%
Walmart IncWMT	DYNF +0.33 points	0.81%	1.14%
Texas Instruments IncTXN	AAUS +0.33 points	0.45%	0.12%
Costco Wholesale CorpCOST	AAUS +0.32 points	0.54%	0.22%
NextEra Energy IncNEE	DYNF +0.30 points	0.21%	0.51%
Procter & Gamble Co/ThePG	AAUS +0.29 points	0.50%	0.21%
Analog Devices IncADI	AAUS +0.28 points	0.33%	0.05%
Berkshire Hathaway IncBRK.B	AAUS +0.29 points	1.35%	1.06%
Thermo Fisher Scientific IncTMO	DYNF +0.28 points	0.38%	0.66%
Deere & CoDE	DYNF +0.27 points	0.28%	0.55%
AbbVie IncABBV	AAUS +0.27 points	0.76%	0.49%
Valero Energy CorpVLO	DYNF +0.27 points	0.20%	0.47%
Booking Holdings IncBKNG	DYNF +0.26 points	0.12%	0.38%
Advanced Micro Devices IncAMD	DYNF +0.25 points	1.29%	1.54%
Morgan StanleyMS	AAUS +0.25 points	0.38%	0.13%
Eaton Corp PLCETN	DYNF +0.25 points	0.18%	0.43%
Gilead Sciences IncGILD	DYNF +0.24 points	0.30%	0.54%
Arista Networks IncANET	AAUS +0.23 points	0.29%	0.06%
ServiceNow IncNOW	DYNF +0.23 points	0.12%	0.35%
Medtronic PLCMDT	DYNF +0.22 points	0.11%	0.33%
Wells Fargo & CoWFC	AAUS +0.22 points	0.34%	0.12%
PNC Financial Services Group Inc/ThePNC	AAUS +0.22 points	0.22%	0.00%
Ross Stores IncROST	AAUS +0.21 points	0.21%	<0.01%
Marathon Petroleum CorpMPC	AAUS +0.21 points	0.21%	0.00%
Intuit IncINTU	DYNF +0.20 points	0.07%	0.27%
Philip Morris International IncPM	AAUS +0.20 points	0.50%	0.30%
Western Digital CorpWDC	DYNF +0.20 points	0.20%	0.40%
Sandisk CorpSNDK	AAUS +0.19 points	0.24%	0.05%
Bristol-Myers Squibb CoBMY	AAUS +0.20 points	0.25%	0.05%
Altria Group IncMO	AAUS +0.19 points	0.19%	0.00%
Palo Alto Networks IncPANW	AAUS +0.19 points	0.44%	0.25%
Corning IncGLW	DYNF +0.18 points	0.15%	0.33%
Exelon CorpEXC	DYNF +0.18 points	0.03%	0.21%
Crowdstrike Holdings IncCRWD	AAUS +0.18 points	0.37%	0.19%
Micron Technology IncMU	DYNF +0.16 points	1.53%	1.70%
Adobe IncADBE	DYNF +0.17 points	0.08%	0.25%
Broadcom IncAVGO	DYNF +0.16 points	2.24%	2.40%
Progressive Corp/ThePGR	DYNF +0.16 points	0.16%	0.32%
Target CorpTGT	AAUS +0.15 points	0.18%	0.03%
Eli Lilly & CoLLY	AAUS +0.15 points	1.67%	1.52%
Vertex Pharmaceuticals IncVRTX	AAUS +0.15 points	0.21%	0.06%
Bank of New York Mellon Corp/TheBNY	AAUS +0.15 points	0.27%	0.12%
American Express CoAXP	AAUS +0.14 points	0.14%	0.00%
Monster Beverage CorpMNST	AAUS +0.14 points	0.14%	0.00%
Union Pacific CorpUNP	AAUS +0.14 points	0.29%	0.15%
GE Vernova IncGEV	DYNF +0.14 points	0.37%	0.51%
CSX CorpCSX	AAUS +0.13 points	0.22%	0.09%
PACCAR IncPCAR	AAUS +0.13 points	0.13%	0.00%
United Parcel Service IncUPS	AAUS +0.12 points	0.13%	0.01%
QUALCOMM IncQCOM	AAUS +0.12 points	0.22%	0.10%
Host Hotels & Resorts IncHST	DYNF +0.12 points	0.07%	0.19%
TJX Cos Inc/TheTJX	AAUS +0.11 points	0.14%	0.03%
Johnson Controls International plcJCI	AAUS +0.12 points	0.15%	0.03%
Quanta Services IncPWR	AAUS +0.12 points	0.15%	0.03%
Automatic Data Processing IncADP	AAUS +0.11 points	0.11%	<0.01%
MetLife IncMET	AAUS +0.10 points	0.10%	0.00%
Palantir Technologies IncPLTR	DYNF +0.11 points	0.62%	0.73%
Quest Diagnostics IncDGX	AAUS +0.10 points	0.10%	0.00%
HCA Healthcare IncHCA	DYNF +0.10 points	0.06%	0.16%
Walt Disney Co/TheDIS	AAUS +0.09 points	0.22%	0.13%
Danaher CorpDHR	AAUS +0.09 points	0.15%	0.06%
Northrop Grumman CorpNOC	DYNF +0.09 points	0.02%	0.11%

All AAUS holdings⁠All 262 DYNF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAUS vs DYNF Cost

Overpaying DYNF vs AAUS

$3,460

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

AAUS 0.09%
$1,898
DYNF 0.26%
$5,358

Amount$10,000

Years30 years

Cost over time

AAUS 0.09%
DYNF 0.26%
Overpaying

Year by year

Year	AAUS	DYNF	Overpaying
10	$165	$473	$308
20	$646	$1,838	$1,192
30	$1,898	$5,358	$3,460

Expense ratio

0.09%AAUS, cheaper
0.26%DYNF

AAUS0.09%DYNF0.26%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

AAUS 2nd cheapest of 121 funds

DYNF 18th cheapest of 121 funds

AAUS vs DYNF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AAUS No data; DYNF 0.84%
Payout (12M): AAUS No data; DYNF $0.56
Last payment: AAUS $0.20; DYNF $0.14
Ex-dividend: AAUS Dec 23, 2025; DYNF Sep 15, 2026
Paid on: AAUS Dec 24, 2025; DYNF Sep 18, 2026
Frequency: AAUS Irregular; DYNF Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

AAUSIrregular · 1 paymentAll AAUS payments⁠

DYNFQuarterly · 30 paymentsAll DYNF payments⁠

AAUS vs DYNF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AAUS 12.0%since Aug 2025DYNF 13.1%
Return per unit of riskSharpe ratio, 3 years: AAUS 1.02since Aug 2025DYNF 1.55
Worst fallMax drawdown, 5 years: AAUS −9.1%since Jul 2025DYNF −26.9%
Market sensitivityBeta, 5 years: AAUS 0.98DYNF 1.02; Market = 1

AAUS and DYNF in the news

All news⁠

New ETFs
Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026AAUS
ETF Filings
BlackRock files two Form 497Ks for iShares DYNF
Sep 7, 2026DYNF
ETF Filings
Leverage Shares files 2x shorts on ByteDance and Canva
Sep 6, 2026AAUS

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AAUS vs DYNF

In short

Stated mandate

Why people hold it