CBSE vs DYNF

CBSEDClough Select Equity ETF

DYNFAiShares U.S. Equity Factor Rotation Active ETF

In short

CBSE A hand-picked active equity fund with an unusual triple job: current income, capital growth, and preservation of principal. Small, thinly traded, and priced like a manager you hire rather than an index you rent.

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

CBSE The Fund seeks current income, capital growth, and preservation of principal.

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

• CBSE Genuinely active: the managers buy individual names screened for above-average financial characteristics, undervaluation or growth potential, instead of mirroring an index.
• One mandate, three jobs. The stated objective pairs current income and capital growth with preservation of principal, an unusual combination to write into a single equity fund.
• What is inside the portfolio is the strongest part of the package, holding up better than the fund's cost or risk profile.
• Trading since 2020, so there is live history to judge rather than a backtest.

• 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

• CBSE At 0.85% a year, it prices above the typical active US equity ETF and many times index-style rivals like DFAU (0.12%) and FELC (0.18%), leaving it in the group's lower tier on cost.
• It is a small fund that does not trade much, so spreads can widen and limit orders matter more than with a mega-cap index ETF.
• Despite the income language in the objective, distributions land once or twice a year rather than monthly.

• 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 CBSE profile⁠

Full DYNF profile⁠