DYNF vs MSMR

DYNFAiShares U.S. Equity Factor Rotation Active ETF

MSMRDMcElhenny Sheffield Managed Risk 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.

MSMR A tactical fund that is not built to stay fully invested: two rules-based sleeves, trend following and sector momentum, split roughly 50/50 and expressed through other ETFs. The 1.06% fee sits above the category norm, with no waiver in place.

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.

MSMR The Fund seeks capital appreciation while managing downside risk.

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.

• MSMR Two rules-based sleeves run side by side at roughly 50/50: one follows U.S. equity uptrends, the other rotates toward the highest-momentum segments of the market.sec.gov
• It holds other ETFs rather than individual stocks, so the tactical calls land at the sector and market level instead of the single-name level.sec.gov
• Running since its 2021 launch on the same two-strategy blend, with a stated goal of capital appreciation while managing downside risk.prnewswire.com
• Distributions arrive on a quarterly schedule.

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.

• MSMR At 1.06%, with no fee waiver, it costs above the category median and far more than cheap core peers like DFAU (0.12%) and AVLC (0.15%).
• Trend and momentum rules react to prices, so the strategy can step away during weakness and step back after a reversal is already underway.sec.gov
• Thinly traded next to the giants of its category, which is where limit orders and a look at the spread earn their keep.

Full DYNF profile⁠

Full MSMR profile⁠