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DYNF vs GGM

iShares U.S. Equity Factor Rotation Active ETF

DYNFANYSE Arca

GGM Macro Alignment ETF

GGMDNYSE Arca

Overlap

0.0%by weight

Expense ratio

DYNF −0.68pt a year

DYNF0.26%GGM0.94%

Avg volume · 30D

DYNF 1551.7×the volume

DYNF2.25MGGM1.45K

3Y return · a year

DYNF +17.3pt

DYNF+24.9%GGM+7.6%

DYNF vs GGM Performance

Oct 31, 2025 – Nov 2, 2026

+10.7%DYNF+7.8%GGM

Oct 31, 2025 to Nov 2, 2026. DYNF +10.7%. GGM +7.8%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025May 2026Nov 2026
Expense ratio
DYNF 0.26%, better
GGM 0.94%
Fund size
DYNF $41.8B
GGM $20M
1Y total return
DYNF +10.7%, better
GGM +7.8%
Yield (12M)
DYNF 0.84%
GGM 1.45%, better
Holdings
DYNF 264
GGM 5
Avg volume (30D)
DYNF 2.25M sh, better
GGM 1.45K sh
NAV per share
DYNF $67.32
GGM $29.99
52W range

ETF.net Grade

DYNF: Cost 86, Risk 71, Mission not scored, Tradability 99, Holdings 65, Durability 97. GGM: Cost 20, Risk 45, Mission not scored, Tradability 16, Holdings 23, Durability 26.
Pillar letters and Scores for DYNF, GGM, with each pillar’s weight
PillarDYNFGGM
Cost30% weightA86HigherF20
Mission25% weightNot scoredNot scored
Risk15% weightA71HigherC45
Tradability15% weightA99HigherF16
Holdings10% weightB65HigherF23
Durability5% weightA97HigherD26

Rank among US Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DYNF and GGM 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 GGM 111th of 121 funds in the US Active Equity Category.

  1. Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
  2. Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
  3. Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
  4. Rank 4ADYNFiShares U.S. Equity Factor Rotation Active ETFScore 83
  5. Rank 4AFELCFidelity Enhanced Large Cap Core ETFScore 83
  6. Rank 110DRHRXAdaptive Tactical Rotation ETFScore 27
  7. Rank 111DGGMGGM Macro Alignment ETFScore 25
  8. Rank 112FAVRYAvory Foundational ETFScore 23

Our read on each fund

ETF.net Research

DYNFAiShares U.S. Equity Factor Rotation Active ETF

GGMDGGM Macro Alignment ETF

In short

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.

GGM Think of the economy as having seasons. GGM is an actively managed fund-of-funds that dresses for the current one, shifting among sector and style ETFs as the macro picture changes, all inside a single ticker.

Stated mandate

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

GGM The Fund seeks long-term capital appreciation.

Why people hold it

  • 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.
  • GGM One ticker, one decision. The manager handles the sector and style rotation, moving the mix as the economic climate shifts rather than leaving the timing calls to you.ggmetf.com
  • Exposure comes from baskets, not single names: broad sector, sub-sector and style ETFs are the building blocks, so no one stock can wreck a quarter.usnews.comggmetf.com
  • The tilts come from a process, not a hunch. The team maps and measures economic variables, then aligns the portfolio with what those readings say about the current climate.ggmetf.com

Worth knowing

  • 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.
  • GGM At 0.94%, the fee runs above the typical active US equity ETF, and core peers like DFAU and FELC charge a fraction of it. A fund-of-funds also carries its underlying ETFs' costs.usnews.com
  • A small fund that trades lightly. Spreads can be wider than at big-name peers, and sizeable orders may need patience.
  • Launched in 2023, so the full economic cycle this strategy is built around is still in progress.ggmetf.com

Full DYNF profile⁠

Full GGM profile⁠

DYNF vs GGM Holdings

How DYNF and GGM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DYNF and 0.0% of GGM.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors54.1%
  • Countryby domicile99.3%
  • Asset classEquity100%

Sector

Sector weights in DYNF and GGM, widest gap first
SectorMore in DYNFMore in GGM
TechnologyDYNF +23.0 points
EnergyGGM +17.7 points
MaterialsGGM +16.1 points
IndustrialsGGM +12.1 points
FinancialsDYNF +10.7 points
CommunicationDYNF +5.8 points
Health CareDYNF +3.7 points
Real EstateDYNF +1.3 points
UtilitiesDYNF +1.0 points
Consumer StaplesDYNF +0.3 points
Consumer DiscretionaryDYNF +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in DYNF and GGM, widest gap first
CountryMore in DYNFMore in GGM
United StatesDYNF +0.6 points
Other countries (4)GGM +0.7 points

Concentration

Weight in the 10 largest Holdings

  • DYNF40.4%
  • GGM100.1%

Securities held

  • DYNF262
  • GGM5

Asset class

DYNF
Equity
GGM
Equity

Holdings

  • Only in DYNF262
  • In both0
  • Only in GGM5

Only in DYNF

262 securities, 99.7% of DYNF by weight

  • Apple8.27%
  • NVIDIA7.83%
  • Microsoft4.78%

Only in GGM

5 securities, 100% of GGM by weight

  • Ss Spdr Sp Semic20.59%
  • Spdr S&P Met & M20.30%
  • Ss Energy Select19.92%

Weight gaps

DYNF and GGM share no securities.

All 262 DYNF holdings⁠All GGM 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.

DYNF vs GGM Cost

Overpaying GGM vs DYNF

$12,346

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

  • DYNF 0.26%

    $5,358

  • GGM 0.94%

    $17,704

$10,000
30 years

Cost over time

  • DYNF 0.26%
  • GGM 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GGM $17,704DYNF $5,358

Year by year

YearDYNFGGMOverpaying
10$473$1,661$1,188
20$1,838$6,260$4,422
30$5,358$17,704$12,346

Expense ratio

  • 0.26%DYNF, cheaper
  • 0.94%GGM
  • Middle half of US Active Equity funds
  • Median 0.68%

DYNF 18th cheapest of 121 funds

GGM 98th cheapest of 121 funds

DYNF vs GGM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DYNF 0.84%
GGM 1.45%, better
Payout (12M)
DYNF $0.56
GGM $0.43
Last payment
DYNF $0.14
GGM $0.43
Ex-dividend
DYNF Sep 15, 2026
GGM Dec 26, 2025
Paid on
DYNF Sep 18, 2026
GGM Jan 5, 2026
Frequency
DYNF Quarterly
GGM Annual

Distribution history

Per share, 2019 to 2026, same scale for both

DYNFQuarterly · 30 paymentsAll DYNF payments⁠
One bar per payment. 30 payments from 2019 to 2026 YTD. Jun 17, 2019 $0.12; Sep 24, 2019 $0.07; Dec 16, 2019 $0.15; Mar 25, 2020 $0.11; Jun 15, 2020 $0.10; Sep 23, 2020 $0.13; Dec 14, 2020 $0.13; Mar 25, 2021 $0.11; Jun 10, 2021 $0.09; Sep 24, 2021 $0.10; Dec 13, 2021 $1.66; Mar 24, 2022 $0.11; Jun 9, 2022 $0.12; Sep 26, 2022 $0.13; Dec 13, 2022 $0.12; Mar 23, 2023 $0.17; Jun 7, 2023 $0.10; Sep 26, 2023 $0.08; Dec 20, 2023 $0.09; Mar 21, 2024 $0.04; Jun 11, 2024 $0.06; Sep 25, 2024 $0.10; Dec 17, 2024 $0.13; Mar 18, 2025 $0.17; Jun 16, 2025 $0.18; Sep 16, 2025 $0.12; Dec 16, 2025 $0.14; Mar 17, 2026 $0.16; Jun 15, 2026 $0.12; Sep 15, 2026 $0.14. Use the arrow keys to read each point.$0$1202020232026YTD
GGMAnnual · 3 paymentsAll GGM payments⁠
One bar per payment. 3 payments from 2019 to 2026 YTD. Dec 26, 2023 $0.13; Dec 26, 2024 $0.38; Dec 26, 2025 $0.43. Use the arrow keys to read each point.$0$1202020232026YTD

DYNF vs GGM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DYNF 13.1%GGM 11.3%, better
Return per unit of riskSharpe ratio, 3 years
DYNF 1.55, betterGGM 0.42
Worst fallMax drawdown, 5 years
DYNF −26.9%GGM −19.7%since Sep 2023
Market sensitivityBeta, 5 years
DYNF 1.02GGM 0.58

DYNF and GGM in the news

All news⁠

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