DYNF vs ZECP

DYNFAiShares U.S. Equity Factor Rotation Active ETF

ZECPBZacks Earnings Consistent Portfolio 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.

ZECP Zacks made its name on earnings estimates. Its first ETF, launched 2021, turns that lens inward: screen the largest 750 US stocks for the steadiest earnings, hold 50 to 120, charge 0.55% with no waiver.

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.

ZECP The Fund seeks long-term total returns while minimizing capital loss.

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.

• ZECP The screen is literal: 15 years of EPS variability plus two years of forecast variability. Least wobbly earnings advance, then a manager vets filings, profitability and valuation.sec.gov
• 0.55% is below the median for actively managed US equity funds, and it is the real number: gross and net match, with no waiver due to roll off.
• A compact book of roughly 60 names with a defensive, low-volatility build, drawn from a mandate that pairs the quant screen with human review.sec.gov
• On our overall review it lands in the upper quartile of a large active US equity peer group, with risk behavior that holds up well against those rivals.

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.

• ZECP Active costs more. DFAU charges 0.12% and AVLC 0.15% for broad US equity, so the earnings screen has to justify the gap.
• Steady earnings is not steady prices. The objective is long-term total return while minimizing capital loss, which sets no floor under a drawdown.
• A few hundred million in assets and light daily volume mean the spread can be a live cost, and distributions arrive only once or twice a year.

Full DYNF profile⁠

Full ZECP profile⁠