DYNF vs LQAI: Grades, Fees and Holdings Compared

iShares U.S. Equity Factor Rotation Active ETF

DYNFANYSE Arca

LG QRAFT AI-Powered U.S. Large Cap Core ETF

LQAIDNYSE Arca

Overlap

36.6%by weight

Expense ratio

DYNF −0.49pt a year

DYNF0.26%LQAI0.75%

Avg volume · 30D

DYNF 7090.2×the volume

DYNF2.25MLQAI318

DYNF vs LQAI Performance

Oct 31, 2025 – Oct 30, 2026

+11.6%DYNF+10.4%LQAI

Expense ratio: DYNF 0.26%, better; LQAI 0.75%
Fund size: DYNF $41.8B; LQAI $2M
1Y total return: DYNF +11.6%, better; LQAI +10.4%
Yield (12M): DYNF 0.84%; LQAI 0.90%, better
Holdings: DYNF 264; LQAI 101
Avg volume (30D): DYNF 2.25M sh, better; LQAI 318 sh
NAV per share: DYNF $67.32; LQAI $46.03
52W range

ETF.net Grade

Pillar letters and Scores for DYNF, LQAI, with each pillar’s weight
Pillar	DYNF	LQAI
Cost30% weight	A86Higher	D36
Mission25% weight	Not scored	C48
Risk15% weight	A71Higher	D35
Tradability15% weight	A99Higher	F12
Holdings10% weight	B65	A75Higher
Durability5% weight	A97Higher	D32

Rank among US Active Equity funds

How we build Categories ›

Same Category. DYNF and LQAI 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 LQAI 88th 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 88DFCUSPinnacle Focused Opportunities ETFScore 36
Rank 88DLQAILG QRAFT AI-Powered U.S. Large Cap Core ETFScore 36
Rank 88DNELSNelson Select ETFScore 36

Our read on each fund

ETF.net Research

DYNFAiShares U.S. Equity Factor Rotation Active ETF

LQAIDLG QRAFT AI-Powered U.S. Large Cap Core 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.

LQAI Stock picking by algorithm, not analyst. LQAI is an actively managed US large-cap fund whose AI process ranks names on value, momentum, quality and low volatility. Launched in 2023, and still small and lightly traded.

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.

LQAI The Fund seeks capital appreciation through an actively managed U.S. equity strategy enhanced by artificial intelligence.

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.

LQAI The AI is the product: an actively managed US large-cap portfolio built from value, momentum, quality and low-volatility signals rather than one single-factor bet.
The model's brief is in writing. The prospectus names the large-cap database it fishes in and the four factors it ranks on, even if the weightings stay proprietary.
Conventional plumbing: a registered 1940 Act US equity fund, no swap-based or offshore wrapper, with distributions paid quarterly.

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.

LQAI The 0.75% fee sits above the median for active US equity ETFs, and well above core options such as DFAU (0.12%) or AVLC (0.15%).
It is a small fund that trades thinly, so bid-ask spreads and order size matter more here than in the category's household names.
Launched in November 2023, so the AI process has a short live record next to peers that have traded through several market cycles.

Full DYNF profile⁠

Full LQAI profile⁠

DYNF vs LQAI Holdings

How DYNF and LQAI differ

Overlap by weight

36.6%

Shared holdings make up 67.6% of LQAI and 58.7% of DYNF.

Level by level

Holdings62 in both36.6%
Sector11 Sectors84.1%
Countryby domicile95.0%
Asset classEquity100%

Sector

Sector weights in DYNF and LQAI, widest gap first
Sector	More in DYNFMore in LQAI	DYNF	LQAI
Consumer Staples	LQAI +12.3 points	2.2%	14.5%
Technology	DYNF +4.9 points	39.9%	35.0%
Financials	DYNF +3.5 points	15.4%	11.9%
Health Care	DYNF +2.9 points	7.7%	4.8%
Energy	LQAI +2.4 points	5.3%	7.7%
Communication	DYNF +1.8 points	9.6%	7.8%
Industrials	DYNF +1.2 points	8.0%	6.8%
Real Estate	DYNF +1.2 points	2.0%	0.8%
Consumer Discretionary	LQAI +1.2 points	7.0%	8.2%
Materials	DYNF +0.3 points	0.9%	0.6%
Utilities	LQAI +0.2 points	1.8%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in DYNF and LQAI, widest gap first
Country	More in DYNFMore in LQAI	DYNF	LQAI
United States	DYNF +5.0 points	100.0%	95.0%
Canada	LQAI +4.3 points	0.0%	4.3%
Other countries (3)	LQAI +0.7 points	0.0%	0.7%

Concentration

Weight in the 10 largest Holdings

DYNF40.4%
LQAI37.3%

Securities held

DYNF262
LQAI100

Asset class

DYNF: Equity
LQAI: Equity

Holdings

Only in DYNF200
In both62
Only in LQAI38

Only in DYNF

200 securities, 41.0% of DYNF by weight

JPMorgan Chase & Co3.39%
Bank of America2.13%
Johnson & Johnson2.04%
Alphabet Class C1.71%
Salesforce1.57%
Cisco Systems Inc1.54%
Citigroup1.35%
Caterpillar Inc1.31%
Parker-Hannifin1.28%
Lam Research1.26%
Allstate Corp1.14%
Rtx1.12%
Duke Energy Corp1.07%
Applied Material Inc1.05%
Goldman Sachs Group1.05%
Welltower0.92%
Netflix0.71%
Cme Group Class A0.71%
Amphenol Corp Class A0.70%
American International Group0.62%
Hartford Insurance Group0.57%
Deere0.55%
Gilead Sciences0.54%
Trane Technologies PLC0.51%
Ge Vernova0.51%
Nextera Energy0.51%
Eaton PLC0.43%
Western Digital Corp0.40%
Booking Holdings0.38%
Servicenow0.35%
Corning0.33%
Medtronic PLC0.33%
Progressive0.32%
Philip Morris International0.30%
General Motors0.28%
Intuit0.27%
Prologis Reit0.26%
Adobe Inc0.25%
Lockheed Martin0.23%
Phillips 660.23%
Regeneron Pharmaceuticals0.22%
Mcdonalds Corp0.21%
Mckesson Corp0.20%
Dell Technologies Inc Class C0.19%
Crowdstrike Holdings Class A0.19%
Host Hotels & Resorts Reit0.19%
Charles Schwab0.18%
Hca Healthcare0.16%
Cvs Health0.15%
Fedex Corp0.14%

Only in LQAI

38 securities, 31.2% of LQAI by weight

Venture Global Inc-Cl A1.95%
Huntington Bancshares Inc.1.87%
Brookfield Corp1.66%
Comcast Corp A1.54%
Halliburton Co1.46%
Carrier Global Corp.1.45%
Copart Inc1.43%
Barrick Mining Corp1.40%
Truist Financial Corp1.25%
Ford Motor Co1.24%
PG&E Corporation1.22%
Kenvue Inc.1.21%
Brookfield Asset Mgmt-A1.18%
Fastenal Co1.13%
Medline Inc-Cl A1.09%
Spotify Technology S.a.1.07%
Slb Limited0.90%
Baker Hughes Company0.89%
Ppl Corp0.72%
Fifth Third Bancorp0.68%
Vivmark Residential0.64%
Kinder Morgan Inc0.57%
Rockwell Automation Inc0.37%
Technipfmc PLC0.37%
United Rentals Inc0.36%
Hp Inc0.36%
Firstenergy Corp0.35%
Carnival Corp Ltd0.35%
Roivant Sciences Ltd0.34%
Moderna Inc0.32%
Verisign Inc0.29%
Cbre Group Inc.0.28%
Norfolk Southern Corp0.27%
Blackstone Inc.0.27%
S&P Global Inc0.26%
3M Co0.25%
Garmin Ltd0.11%
Nebius Group N.v.0.10%

Weight gaps

All 62 Holdings in both funds, largest gap first.

Holding weights in DYNF and LQAI, widest gap first
Holding	More in DYNFMore in LQAI	DYNF	LQAI
AppleAAPL	DYNF +4.09 points	8.27%	4.18%
SandiskSNDK	LQAI +3.94 points	0.05%	3.99%
NVIDIANVDA	DYNF +3.46 points	7.83%	4.37%
Space Exploration Technologies CorSPCX	LQAI +3.32 points	0.58%	3.90%
Amazon.com IncAMZN	DYNF +3.05 points	4.00%	0.95%
Micron TechnologyMU	LQAI +2.64 points	1.70%	4.34%
Intel CorporationINTC	LQAI +2.11 points	0.46%	2.57%
Exxonmobil Holdings CorpXOM	DYNF +1.92 points	3.18%	1.26%
Vici Pptys IncVICI	LQAI +1.82 points	0.02%	1.84%
Tesla IncTSLA	LQAI +1.75 points	1.72%	3.47%
Rocket Companies Inc Class ARKT	LQAI +1.72 points	0.00%	1.72%
Advanced Micro DevicesAMD	LQAI +1.66 points	1.54%	3.20%
Travelers CompaniesTRV	DYNF +1.34 points	1.60%	0.26%
Citizens Financial Group IncCFG	LQAI +1.33 points	0.08%	1.41%
Broadcom IncAVGO	DYNF +1.16 points	2.40%	1.24%
Meta Platforms Class AMETA	LQAI +1.10 points	2.37%	3.47%
MicrosoftMSFT	DYNF +1.03 points	4.78%	3.75%
WalmartWMT	DYNF +1.01 points	1.14%	0.13%
UnitedHealth GroupUNH	LQAI +0.96 points	0.47%	1.43%
Berkshire Hathaway Inc Class BBRK.B	DYNF +0.87 points	1.06%	0.19%
Procter & GamblePG	LQAI +0.79 points	0.21%	1.00%
Accenture PLC Class AACN	LQAI +0.78 points	0.19%	0.97%
Alphabet Class AGOOGL	DYNF +0.78 points	2.07%	1.29%
International Business Machines CoIBM	LQAI +0.77 points	0.22%	0.99%
Kraft HeinzKHC	LQAI +0.71 points	0.01%	0.72%
Palantir Technologies Class APLTR	DYNF +0.58 points	0.73%	0.15%
Verizon Communications IncVZ	DYNF +0.55 points	0.75%	0.20%
Coca-ColaKO	LQAI +0.51 points	0.07%	0.58%
Thermo Fisher ScientificTMO	DYNF +0.51 points	0.66%	0.15%
AbbVieABBV	LQAI +0.50 points	0.49%	0.99%
PfizerPFE	LQAI +0.47 points	0.30%	0.78%
ChevronCVX	DYNF +0.46 points	1.71%	1.25%
Mastercard Class AMA	LQAI +0.43 points	0.07%	0.50%
Valero Energy CorpVLO	LQAI +0.42 points	0.47%	0.89%
Intuitive SurgicalISRG	LQAI +0.36 points	0.22%	0.58%
Costco Wholesale CorpCOST	LQAI +0.34 points	0.22%	0.56%
Ge AerospaceGE	DYNF +0.34 points	0.48%	0.14%
NewmontNEM	DYNF +0.34 points	0.62%	0.28%
Dexcom IncDXCM	LQAI +0.33 points	0.02%	0.35%
Quanta Services IncPWR	LQAI +0.27 points	0.03%	0.30%
Comfort Systems UsaFIX	LQAI +0.26 points	0.09%	0.35%
Nu Holdings Class ANU	LQAI +0.24 points	0.00%	0.24%
AT&TT	LQAI +0.20 points	0.64%	0.84%
Us BancorpUSB	LQAI +0.19 points	0.21%	0.40%
Howmet AerospaceHWM	LQAI +0.18 points	0.12%	0.30%
OracleORCL	DYNF +0.16 points	0.27%	0.11%
Wells FargoWFC	LQAI +0.16 points	0.12%	0.28%
Union PacificUNP	LQAI +0.15 points	0.15%	0.30%
Eli LillyLLY	DYNF +0.15 points	1.52%	1.37%
Lumentum HoldingsLITE	LQAI +0.14 points	0.14%	0.28%
Palo Alto NetworksPANW	DYNF +0.13 points	0.25%	0.12%
Boston ScientificBSX	LQAI +0.12 points	0.09%	0.21%
Seagate Technology Holdings PLCSTX	DYNF +0.09 points	0.21%	0.12%
Uber TechnologiesUBER	LQAI +0.09 points	0.13%	0.22%
TjxTJX	LQAI +0.08 points	0.03%	0.11%
Bloom Energy Class ABE	LQAI +0.07 points	0.07%	0.14%
Realty Income ReitO	DYNF +0.07 points	0.73%	0.66%
Visa Class AV	LQAI +0.06 points	0.42%	0.48%
Morgan StanleyMS	LQAI +0.04 points	0.13%	0.17%
PepsicoPEP	LQAI +0.04 points	0.11%	0.15%
Marvell TechnologyMRVL	DYNF +0.02 points	0.21%	0.19%
Exelon CorpEXC	LQAI +0.02 points	0.21%	0.23%

All 262 DYNF holdings⁠All 100 LQAI 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 LQAI Cost

Overpaying LQAI vs DYNF

$9,124

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

DYNF 0.26%
$5,358
LQAI 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

DYNF 0.26%
LQAI 0.75%
Overpaying

Year by year

Year	DYNF	LQAI	Overpaying
10	$473	$1,336	$863
20	$1,838	$5,078	$3,240
30	$5,358	$14,482	$9,124

Expense ratio

0.26%DYNF, cheaper
0.75%LQAI

DYNF0.26%LQAI0.75%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DYNF 18th cheapest of 121 funds

LQAI 72nd cheapest of 121 funds

DYNF vs LQAI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DYNF 0.84%; LQAI 0.90%, better
Payout (12M): DYNF $0.56; LQAI $0.40
Last payment: DYNF $0.14; LQAI $0.10
Ex-dividend: DYNF Sep 15, 2026; LQAI Sep 28, 2026
Paid on: DYNF Sep 18, 2026; LQAI Sep 30, 2026
Frequency: DYNF Quarterly; LQAI Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

DYNFQuarterly · 30 paymentsAll DYNF payments⁠

LQAIQuarterly · 12 paymentsAll LQAI payments⁠

DYNF vs LQAI 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%LQAI 15.1%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: DYNF 1.55LQAI 1.07since Dec 2023
Worst fallMax drawdown, 5 years: DYNF −26.9%LQAI −21.2%since Nov 2023
Market sensitivityBeta, 5 years: DYNF 1.02LQAI 1.11; Market = 1

DYNF and LQAI in the news

All news⁠

ETF Filings
BlackRock files two Form 497Ks for iShares DYNF
Sep 7, 2026DYNF

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DYNF vs LQAI

In short

Stated mandate

Why people hold it

Worth knowing

How DYNF and LQAI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DYNF

Only in LQAI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock files two Form 497Ks for iShares DYNF

How DYNF and LQAI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DYNF

Only in LQAI

Weight gaps