DYNF vs RUNN: Grades, Fees and Holdings Compared

iShares U.S. Equity Factor Rotation Active ETF

DYNFANYSE Arca

Running Oak Efficient Growth ETF

RUNNBNasdaq

Overlap

2.2%by weight

Expense ratio

DYNF −0.32pt a year

DYNF0.26%RUNN0.58%

Avg volume · 30D

DYNF 35.1×the volume

DYNF2.28MRUNN65K

3Y return · a year

DYNF +12.0pt

DYNF+24.4%RUNN+12.4%

DYNF vs RUNN Performance

Nov 7, 2025 – Nov 9, 2026

+12.4%DYNF+8.8%RUNN

Expense ratio: DYNF 0.26%, better; RUNN 0.58%
Fund size: DYNF $40.6B; RUNN $408M
1Y total return: DYNF +12.4%, better; RUNN +8.8%
Yield (12M): DYNF 0.84%, better; RUNN 0.52%
Holdings: DYNF 275; RUNN 60
Avg volume (30D): DYNF 2.28M sh, better; RUNN 65K sh
NAV per share: DYNF $64.97; RUNN $35.11
52W range

ETF.net Grade

Pillar letters and Scores for DYNF, RUNN, with each pillar’s weight
Pillar	DYNF	RUNN
Cost30% weight	A86Higher	B57
Mission25% weight	Not scored	Not scored
Risk15% weight	B68Higher	C52
Tradability15% weight	A98Higher	A83
Holdings10% weight	A70	A84Higher
Durability5% weight	A97Higher	B60

Rank among US Active Equity funds

How we build Categories ›

Same Category. DYNF and RUNN 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 RUNN 37th 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 4ALCTUiShares U.S. Carbon Transition Readiness Aware Active ETFScore 83
Rank 37BBAFEBrown Advisory Flexible Equity ETFScore 64
Rank 37BRUNNRunning Oak Efficient Growth ETFScore 64
Rank 40BACLCAmerican Century Large Cap Equity ETFScore 62

Our read on each fund

ETF.net Research

DYNFAiShares U.S. Equity Factor Rotation Active ETF

RUNNBRunning Oak Efficient 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.

RUNN Not a mega-cap tracker in disguise. About 60 large- and mid-cap US stocks, actively picked, at 0.58% (below the typical active US equity ETF). Running Oak's ETF, launched in 2023.

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.

RUNN The Fund seeks long-term growth of capital.

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.

RUNN Charges 0.58%, under the 0.65% median for active US equity funds. Active management without the boutique-manager markup.
Roughly 60 names, large and mid-cap US. Mid-caps carry real weight here instead of being rounding errors behind a handful of trillion-dollar stocks.aaii.com
Lands in the upper half of its active US equity peer group, with portfolio construction and trading friction both scoring on the stronger side.

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.

RUNN You pay up for the stock picking. Index-built peers like DFAU (0.12%) and AVLC (0.15%) run the US equity market for a fraction of 0.58%.
About 60 holdings means each pick swings the fund far harder than it would inside a 500-stock index fund. Bumpier ride is the price of the concentration.
Built for capital growth, not cash flow: the stated objective is long-term growth, and distributions come annually or semiannually rather than monthly.

Full DYNF profile⁠

Full RUNN profile⁠

DYNF vs RUNN Holdings

How DYNF and RUNN differ

Overlap by weight

2.2%

Shared holdings make up 17.6% of RUNN and 2.7% of DYNF.

Level by level

Holdings10 in both2.2%
Sector11 Sectors64.6%
Countryby domicile97.0%
Asset classStocks100%

Sector

Sector weights in DYNF and RUNN, widest gap first
Sector	Gap	DYNF	RUNN
Industrials	RUNN +28.1 points	7.6%	35.6%
Technology	DYNF +12.6 points	37.2%	24.6%
Communication	DYNF +7.9 points	9.2%	1.3%
Health Care	RUNN +5.4 points	9.2%	14.6%
Energy	DYNF +4.4 points	4.4%	0.0%
Consumer Staples	DYNF +4.2 points	4.2%	0.0%
Financials	DYNF +2.5 points	15.7%	13.2%
Real Estate	DYNF +2.2 points	2.2%	0.0%
Utilities	DYNF +1.6 points	1.6%	0.0%
Consumer Discretionary	RUNN +1.0 points	7.8%	8.8%
Materials	RUNN +0.9 points	0.9%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in DYNF and RUNN, widest gap first
Country	Gap	DYNF	RUNN
United States	DYNF +3.0 points	100.0%	97.0%
Switzerland	RUNN +2.0 points	0.0%	2.0%
United Kingdom	RUNN +1.1 points	0.0%	1.1%
Brazil	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DYNF38.8%
RUNN20.5%

Securities held

DYNF273
RUNN59

Asset class

DYNF: Stocks
RUNN: Stocks

Holdings

Only in DYNF263
In both10
Only in RUNN49

Only in DYNF

263 securities, 97.2% of DYNF by weight

Apple8.14%
NVIDIA7.07%
Microsoft5.04%
Amazon.com Inc4.41%
JPMorgan Chase & Co3.09%
Meta Platforms Class A2.39%
Exxonmobil Holdings Corp2.31%
Broadcom Inc2.21%
Alphabet Class A2.18%
Bank of America1.91%
Johnson & Johnson1.89%
Tesla Inc1.60%
Eli Lilly1.55%
Travelers Companies1.52%
Berkshire Hathaway Inc Class B1.47%
Chevron1.42%
Advanced Micro Devices1.42%
Salesforce1.42%
Micron Technology1.37%
Citigroup1.30%
Cisco Systems Inc1.17%
Parker-Hannifin1.17%
Allstate Corp1.15%
Walmart1.11%
Rtx1.06%
Caterpillar Inc1.05%
Lam Research1.03%
Duke Energy Corp1.00%
Goldman Sachs Group0.99%
Costco Wholesale Corp0.92%
Welltower0.91%
Applied Material Inc0.90%
Procter & Gamble0.83%
Realty Income Reit0.79%
Netflix0.75%
Verizon Communications Inc0.74%
Medtronic PLC0.72%
Newmont0.69%
Palantir Technologies Class A0.69%
Thermo Fisher Scientific0.68%
Cme Group Class A0.67%
Visa Class A0.66%
American International Group0.61%
Amphenol Corp Class A0.59%
Hartford Insurance Group0.58%
UnitedHealth Group0.55%
Gilead Sciences0.55%
AbbVie0.54%
Ge Aerospace0.53%
Trane Technologies PLC0.52%

Only in RUNN

49 securities, 82.4% of RUNN by weight

FTI Consulting, Inc.2.25%
Fiserv, Inc.2.23%
Roper Technologies, Inc.2.13%
Equifax, Inc.2.12%
Arthur J Gallagher & Company1.98%
STERIS plc1.94%
Alcon A.G.1.92%
Carlisle Companies, Inc.1.90%
Broadridge Financial Solutions, Inc.1.89%
Marsh & McLennan Companies, Inc.1.89%
FactSet Research Systems, Inc.1.87%
Brown & Brown, Inc.1.86%
Republic Services, Inc.1.84%
RB Global, Inc.1.84%
Aecom1.83%
WW Grainger, Inc.1.82%
State Street Institutional Treasury Money Market Fund1.82%
Darden Restaurants, Inc.1.81%
Texas Roadhouse, Inc.1.80%
Visa, Inc.1.80%
Intercontinental Exchange, Inc.1.80%
Tractor Supply Company1.77%
Air Products and Chemicals, Inc.1.77%
Jacobs Solutions, Inc.1.76%
Centene Corporation1.74%
General Dynamics Corporation1.74%
Watsco, Inc.1.74%
Honeywell International, Inc.1.72%
Primerica, Inc.1.71%
Ingersoll Rand, Inc.1.71%
Cigna Group (The)1.71%
ResMed, Inc.1.69%
ITT, Inc.1.67%
Teledyne Technologies, Inc.1.65%
Boston Scientific Corporation1.65%
Saia, Inc.1.58%
TJX Companies, Inc. (The)1.58%
SS&C Technologies Holdings, Inc.1.58%
Franklin Electric Company, Inc.1.56%
AMETEK, Inc.1.49%
Curtiss-Wright Corporation1.48%
Graco, Inc.1.40%
Zebra Technologies Corporation1.36%
Eaton Corp plc1.27%
EMCOR Group, Inc.1.26%
ServiceNow, Inc.1.21%
Amdocs Ltd.1.17%
nVent Electric plc1.03%
Receivables/Payables0.03%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in DYNF and RUNN, widest gap first
Holding	Gap	DYNF	RUNN
StrykerSYK	RUNN +1.88 points	0.03%	1.91%
Leidos HoldingsLDOS	RUNN +1.83 points	0.02%	1.85%
Automatic Data Processing IncADP	RUNN +1.83 points	<0.01%	1.83%
Accenture PLC Class AACN	RUNN +1.81 points	0.26%	2.07%
Iqvia Holdings IncIQV	RUNN +1.69 points	0.04%	1.73%
Deckers OutdoorDECK	RUNN +1.68 points	0.02%	1.70%
Caci International Inc Class ACACI	RUNN +1.65 points	0.03%	1.68%
IntuitINTU	RUNN +1.55 points	0.30%	1.85%
Uber TechnologiesUBER	RUNN +1.39 points	0.21%	1.60%
Alphabet Class CGOOG	DYNF +0.48 points	1.81%	1.33%

All 273 DYNF holdings⁠All 61 RUNN 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 RUNN Cost

Overpaying RUNN vs DYNF

$6,095

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

DYNF 0.26%
$5,358
RUNN 0.58%
$11,453

Amount$10,000

Years30 years

Cost over time

DYNF 0.26%
RUNN 0.58%
Overpaying

Year by year

Year	DYNF	RUNN	Overpaying
10	$473	$1,041	$568
20	$1,838	$3,986	$2,148
30	$5,358	$11,453	$6,095

Expense ratio

0.26%DYNF, cheaper
0.58%RUNN

DYNF0.26%RUNN0.58%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DYNF 18th cheapest of 121 funds

RUNN 51st cheapest of 121 funds

DYNF vs RUNN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DYNF 0.84%, better; RUNN 0.52%
Payout (12M): DYNF $0.56; RUNN $0.19
Last payment: DYNF $0.14; RUNN $0.19
Ex-dividend: DYNF Sep 15, 2026; RUNN Dec 23, 2025
Paid on: DYNF Sep 18, 2026; RUNN Dec 30, 2025
Frequency: DYNF Quarterly; RUNN Annual

Distribution history

Per share, 2019 to 2026, same scale for both

DYNFQuarterly · 30 paymentsAll DYNF payments⁠

RUNNAnnual · 3 paymentsAll RUNN payments⁠

DYNF vs RUNN 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%, betterRUNN 13.5%
Return per unit of riskSharpe ratio, 3 years: DYNF 1.55, betterRUNN 0.60
Worst fallMax drawdown, 5 years: DYNF −26.9%RUNN −16.8%since Jun 2023
Market sensitivityBeta, 5 years: DYNF 1.02RUNN 0.69; Market = 1

DYNF and RUNN in the news

All news⁠

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

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DYNF vs RUNN

In short

Stated mandate

Why people hold it

Worth knowing

How DYNF and RUNN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DYNF

Only in RUNN

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

BlackRock files two Form 497Ks for iShares DYNF

How DYNF and RUNN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DYNF

Only in RUNN

Weight gaps