DYNF vs NELS: Grades, Fees and Holdings Compared

iShares U.S. Equity Factor Rotation Active ETF

DYNFANYSE Arca

Nelson Select ETF

NELSDCboe

Overlap

54.5%by weight

Expense ratio

DYNF −1.55pt a year

DYNF0.26%NELS1.81%

Avg volume · 30D

DYNF 151.5×the volume

DYNF2.25MNELS14.9K

DYNF vs NELS Performance

Oct 31, 2025 – Oct 30, 2026

+11.6%DYNF+11.2%NELS

Expense ratio: DYNF 0.26%, better; NELS 1.81%
Fund size: DYNF $41.8B; NELS $75M
1Y total return: DYNF +11.6%, better; NELS +11.2%
Yield (12M): DYNF 0.84%; NELS No data
Holdings: DYNF 264; NELS 87
Avg volume (30D): DYNF 2.25M sh, better; NELS 14.9K sh
NAV per share: DYNF $67.32; NELS $29.15
52W range

ETF.net Grade

Pillar letters and Scores for DYNF, NELS, with each pillar’s weight
Pillar	DYNF	NELS
Cost30% weight	A86Higher	F2
Mission25% weight	Not scored	Not scored
Risk15% weight	A71Higher	C54
Tradability15% weight	A99Higher	B67
Holdings10% weight	B65	A71Higher
Durability5% weight	A97Higher	D26

Rank among US Active Equity funds

How we build Categories ›

Same Category. DYNF and NELS 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 NELS 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 88DLQAILG QRAFT AI-Powered U.S. Large Cap Core ETFScore 36
Rank 88DNELSNelson Select ETFScore 36
Rank 88DNEWZStockSnips AI-Powered Sentiment US All Cap ETFScore 36

Our read on each fund

ETF.net Research

DYNFAiShares U.S. Equity Factor Rotation Active ETF

NELSDNelson Select 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.

NELS No data

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.

NELS No data

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.

NELS No data

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.

NELS No data

Full DYNF profile⁠

Full NELS profile⁠

DYNF vs NELS Holdings

How DYNF and NELS differ

Overlap by weight

54.5%

Shared holdings make up 78.5% of NELS and 66.7% of DYNF.

Level by level

Holdings60 in both54.5%
Sector11 Sectors91.0%
Countryby domicile98.0%
Asset classEquity100%

Sector

Sector weights in DYNF and NELS, widest gap first
Sector	More in DYNFMore in NELS	DYNF	NELS
Financials	DYNF +3.7 points	15.4%	11.7%
Health Care	NELS +2.9 points	7.7%	10.6%
Consumer Staples	NELS +2.9 points	2.2%	5.1%
Consumer Discretionary	NELS +2.3 points	7.0%	9.3%
Industrials	DYNF +1.1 points	8.0%	6.9%
Real Estate	DYNF +1.1 points	2.0%	0.9%
Communication	DYNF +1.1 points	9.6%	8.5%
Technology	DYNF +1.0 points	39.9%	38.9%
Energy	DYNF +0.9 points	5.3%	4.4%
Materials	NELS +0.8 points	0.9%	1.7%
Utilities	NELS +0.2 points	1.8%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in DYNF and NELS, widest gap first
Country	More in DYNFMore in NELS	DYNF	NELS
United States	DYNF +2.0 points	100.0%	98.0%
Taiwan	NELS +1.0 points	0.0%	1.0%
Switzerland	NELS +1.0 points	0.0%	1.0%

Concentration

Weight in the 10 largest Holdings

DYNF40.4%
NELS38.7%

Securities held

DYNF262
NELS86

Asset class

DYNF: Equity
NELS: Equity

Holdings

Only in DYNF202
In both60
Only in NELS26

Only in DYNF

202 securities, 33.0% of DYNF by weight

Bank of America2.13%
Alphabet Class C1.71%
Travelers Companies1.60%
Cisco Systems Inc1.54%
Parker-Hannifin1.28%
Lam Research1.26%
Allstate Corp1.14%
Duke Energy Corp1.07%
Verizon Communications Inc0.75%
Realty Income Reit0.73%
Cme Group Class A0.71%
Thermo Fisher Scientific0.66%
AT&T0.64%
American International Group0.62%
Newmont0.62%
Hartford Insurance Group0.57%
Deere0.55%
Trane Technologies PLC0.51%
Ge Vernova0.51%
Nextera Energy0.51%
Ge Aerospace0.48%
Valero Energy Corp0.47%
Intel Corporation0.46%
Eaton PLC0.43%
Western Digital Corp0.40%
Booking Holdings0.38%
Corning0.33%
Medtronic PLC0.33%
Progressive0.32%
Pfizer0.30%
Philip Morris International0.30%
Oracle0.27%
Intuit0.27%
Prologis Reit0.26%
Adobe Inc0.25%
Phillips 660.23%
Regeneron Pharmaceuticals0.22%
International Business Machines Co0.22%
Intuitive Surgical0.22%
Costco Wholesale Corp0.22%
Seagate Technology Holdings PLC0.21%
Exelon Corp0.21%
Procter & Gamble0.21%
Marvell Technology0.21%
Us Bancorp0.21%
Mcdonalds Corp0.21%
Mckesson Corp0.20%
Host Hotels & Resorts Reit0.19%
Accenture PLC Class A0.19%
Charles Schwab0.18%

Only in NELS

26 securities, 20.2% of NELS by weight

Ulta Beauty Inc.1.19%
Best Buy Co Inc1.10%
Utilities Select Sector SPDR Fund1.08%
Chubb Limited1.01%
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR0.98%
Motorola Solutions Inc0.98%
Targa Resources Corp.0.96%
Reaves Utilities Etf0.94%
Blackrock Inc.0.93%
Johnson Controls0.92%
Colgate-Palmolive Co0.90%
Eaton Corp PLC0.87%
United Rentals Inc0.81%
J M Smucker Co COM STK NPV0.74%
Kimberly-Clark Corp0.73%
Linde PLC0.71%
Delta Air Lines Inc0.70%
Cadence Design Sys Inc0.65%
Wabtec Corp0.61%
Ebay Inc0.59%
Accenture Plc-Cl A0.55%
Agilent Technologies Inc0.54%
Freeport-Mcmoran Inc0.48%
Jabil Circuit Inc0.47%
Equinix Inc0.45%
West Pharmaceutical Services0.31%

Weight gaps

All 60 Holdings in both funds, largest gap first.

Holding weights in DYNF and NELS, widest gap first
Holding	More in DYNFMore in NELS	DYNF	NELS
Exxonmobil Holdings CorpXOM	DYNF +2.04 points	3.18%	1.14%
Alphabet Class AGOOGL	NELS +1.90 points	2.07%	3.97%
JPMorgan Chase & CoJPM	DYNF +1.42 points	3.39%	1.97%
MicrosoftMSFT	NELS +1.29 points	4.78%	6.07%
Lockheed MartinLMT	NELS +1.29 points	0.23%	1.52%
Analog DevicesADI	NELS +1.12 points	0.05%	1.17%
Coca-ColaKO	NELS +1.11 points	0.07%	1.18%
SalesforceCRM	DYNF +1.06 points	1.57%	0.51%
Mastercard Class AMA	NELS +1.03 points	0.07%	1.10%
Ross Stores IncROST	NELS +1.01 points	<0.01%	1.01%
ChevronCVX	DYNF +1.00 points	1.71%	0.71%
Merck & Co IncMRK	NELS +0.99 points	0.02%	1.01%
Visa Class AV	NELS +0.96 points	0.42%	1.38%
Walt DisneyDIS	NELS +0.94 points	0.13%	1.07%
AbbVieABBV	NELS +0.94 points	0.49%	1.43%
Quest Diagnostics IncDGX	NELS +0.94 points	0.00%	0.94%
Cardinal HealthCAH	NELS +0.92 points	0.06%	0.98%
Johnson & JohnsonJNJ	DYNF +0.88 points	2.04%	1.16%
Caterpillar IncCAT	DYNF +0.88 points	1.31%	0.43%
AppleAAPL	DYNF +0.79 points	8.27%	7.48%
Cheniere EnergyLNG	NELS +0.78 points	0.00%	0.78%
MetlifeMET	NELS +0.77 points	0.00%	0.77%
Texas InstrumentTXN	NELS +0.76 points	0.12%	0.88%
Vertex PharmaceuticalsVRTX	NELS +0.67 points	0.06%	0.73%
CitigroupC	DYNF +0.64 points	1.35%	0.71%
UnitedHealth GroupUNH	NELS +0.63 points	0.47%	1.10%
Bank of New York Mellon CorpBNY	NELS +0.59 points	0.12%	0.71%
Uber TechnologiesUBER	NELS +0.55 points	0.13%	0.68%
State StreetSTT	NELS +0.50 points	0.12%	0.62%
WelltowerWELL	DYNF +0.45 points	0.92%	0.47%
NVIDIANVDA	DYNF +0.43 points	7.83%	7.40%
NucorNUE	NELS +0.41 points	0.14%	0.55%
SnowflakeSNOW	NELS +0.40 points	0.11%	0.51%
Wells FargoWFC	NELS +0.40 points	0.12%	0.52%
Amazon.com IncAMZN	DYNF +0.38 points	4.00%	3.62%
General MotorsGM	NELS +0.39 points	0.28%	0.67%
Target CorpTGT	NELS +0.38 points	0.03%	0.41%
Amphenol Corp Class AAPH	NELS +0.37 points	0.70%	1.07%
WalmartWMT	DYNF +0.37 points	1.14%	0.77%
Applied Material IncAMAT	DYNF +0.33 points	1.05%	0.72%
NetflixNFLX	DYNF +0.32 points	0.71%	0.39%
Dell Technologies Inc Class CDELL	NELS +0.33 points	0.19%	0.52%
Crowdstrike Holdings Class ACRWD	NELS +0.32 points	0.19%	0.51%
Palo Alto NetworksPANW	NELS +0.31 points	0.25%	0.56%
Marathon PetroleumMPC	NELS +0.30 points	0.00%	0.30%
Space Exploration Technologies CorSPCX	DYNF +0.27 points	0.58%	0.31%
SandiskSNDK	NELS +0.25 points	0.05%	0.30%
Eli LillyLLY	NELS +0.24 points	1.52%	1.76%
Meta Platforms Class AMETA	DYNF +0.19 points	2.37%	2.18%
Advanced Micro DevicesAMD	DYNF +0.17 points	1.54%	1.36%
Goldman Sachs GroupGS	DYNF +0.16 points	1.05%	0.89%
Micron TechnologyMU	NELS +0.15 points	1.70%	1.85%
Tesla IncTSLA	DYNF +0.14 points	1.72%	1.58%
ServicenowNOW	DYNF +0.12 points	0.35%	0.23%
RtxRTX	DYNF +0.11 points	1.12%	1.01%
Gilead SciencesGILD	NELS +0.05 points	0.54%	0.59%
FortinetFTNT	DYNF +0.05 points	0.06%	0.01%
Broadcom IncAVGO	NELS +0.05 points	2.40%	2.45%
Berkshire Hathaway Inc Class BBRK.B	NELS +0.03 points	1.06%	1.09%
Palantir Technologies Class APLTR	DYNF +0.01 points	0.73%	0.72%

All 262 DYNF holdings⁠All 87 NELS 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 NELS Cost

Overpaying NELS vs DYNF

$25,136

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

DYNF 0.26%
$5,358
NELS 1.81%
$30,494

Amount$10,000

Years30 years

Cost over time

DYNF 0.26%
NELS 1.81%
Overpaying

Year by year

Year	DYNF	NELS	Overpaying
10	$473	$3,085	$2,612
20	$1,838	$11,187	$9,349
30	$5,358	$30,494	$25,136

Expense ratio

0.26%DYNF, cheaper
1.81%NELS

DYNF0.26%NELS1.81%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DYNF 18th cheapest of 121 funds

NELS 118th cheapest of 121 funds

DYNF vs NELS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DYNF 0.84%; NELS No data
Payout (12M): DYNF $0.56; NELS None
Last payment: DYNF $0.14; NELS No data
Ex-dividend: DYNF Sep 15, 2026; NELS No data
Paid on: DYNF Sep 18, 2026; NELS No data
Frequency: DYNF Quarterly; NELS No data

Distribution history

Per share, 2019 to 2026, same scale for both

DYNFQuarterly · 30 paymentsAll DYNF payments⁠

NELSAll NELS payments⁠

No distribution history available.

DYNF vs NELS 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%NELS 13.1%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: DYNF 1.55NELS 0.59since Nov 2025
Worst fallMax drawdown, 5 years: DYNF −26.9%NELS −9.3%since Oct 2025
Market sensitivityBeta, 5 years: DYNF 1.02NELS 0.97; Market = 1

DYNF and NELS in the news

All news⁠

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

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DYNF vs NELS

In short

Stated mandate

Why people hold it

Worth knowing

How DYNF and NELS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DYNF

Only in NELS

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 NELS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DYNF

Only in NELS

Weight gaps