DYNF vs HGRO

DYNFAiShares U.S. Equity Factor Rotation Active ETF

HGROCHedgeye Quality Growth 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.

HGRO Hedgeye built its name selling macro research to traders. HGRO is that research in a ticker: an active, concentrated book of US large- and mid-cap growth names picked off the firm's growth-and-inflation regime maps.

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.

HGRO The fund aims to achieve long-term growth of capital and income.

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.

• HGRO The macro call is the product: holdings come off a framework that maps growth and inflation data into themes, then screens companies on fundamentals.stockanalysis.com
• Genuinely active. It runs a non-diversified book of US-listed stocks and REITs, with at least 80% of net assets in US-listed equities, rather than hugging a broad index.yahoo.com
• Moderately traded despite a 2025 launch, so getting a position on or off is not a scavenger hunt.

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.

• HGRO 0.70% a year is full active pricing, above the typical active US equity ETF and many times core rivals like DFAU (0.12%) and FELC (0.18%).
• Launched June 2025, so the record is short and the process has not been tested across a full market cycle.
• Non-diversified means fewer, larger positions, and up to 20% of total assets can sit in foreign companies, including depositary receipts.yahoo.com

Full DYNF profile⁠

Full HGRO profile⁠