PBUS vs DYNF: Holdings Overlap
Invesco · 537 holdings · $11.4B · as of 2026-05-31
DYNFiShares U.S. Equity Factor Rotation Active ETF
iShares · 187 holdings · $38.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (PBUS: 2026-05-31, DYNF: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are PBUS and DYNF?
Invesco MSCI USA ETF (PBUS, by Invesco) holds 537 positions; iShares U.S. Equity Factor Rotation Active ETF (DYNF, by iShares) holds 187. They have 156 holdings in common, and by portfolio weight the two funds are 61.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 61.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 156PBUS holds 537 · DYNF holds 187
- Weight in Shared Holdings
- PBUS 73%·DYNF 99%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in PBUS
381 of 537 positions (26.4% of the fund) are not held by DYNF. Showing the top 30 by weight.
Sector Breakdown
| Sector | PBUS | DYNF |
|---|---|---|
| Information Technology | 38.0% | 39.3% |
| Financials | 11.1% | 16.1% |
| Communication Services | 10.7% | 11.6% |
| Consumer Discretionary | 9.7% | 7.6% |
| Industrials | 8.5% | 8.6% |
| Other Sectors | 21.6% | 16.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
| DYNF | +4.0% | +15.6% | +25.9% | +25.0% | +15.5% | — | 0.77% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in PBUS vs DYNF →
Shared Holdings(156)
The top 10 shared positions account for 59% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 7.77% | 8.57% | 7.77% |
|---|---|---|---|
 AAPLApple Inc. | 6.94% | 7.71% | 6.94% |
 MSFTMicrosoft Corp. | 4.81% | 5.32% | 4.81% |
 AMZNAmazon.com, Inc. | 3.94% | 4.40% | 3.94% |
 AVGOBroadcom Inc. | 3.05% | 3.24% | 3.05% |
 GOOGLAlphabet Inc., Class A | 3.35% | 2.85% | 2.85% |
 METAMeta Platforms, Inc., Class A | 2.09% | 2.48% | 2.09% |
 GOOGAlphabet Inc., Class C | 2.77% | 2.08% | 2.08% |
 TSLATesla, Inc. | 1.86% | 1.73% | 1.73% |
 MUMicron Technology, Inc. | 1.65% | 1.35% | 1.35% |
 JPMJPMorgan Chase & Co. | 1.23% | 3.57% | 1.23% |
 AMDAdvanced Micro Devices, Inc. | 1.27% | 1.14% | 1.14% |
 BRK-BBerkshire Hathaway Inc., Class B | 0.99% | 2.37% | 0.99% |
 XOMExxon Mobil Corp. | 0.93% | 1.92% | 0.93% |
 LLYEli Lilly and Co. | 1.34% | 0.89% | 0.89% |
 JNJJohnson & Johnson | 0.82% | 1.91% | 0.82% |
 WMTWalmart Inc. | 0.77% | 1.42% | 0.77% |
 CSCOCisco Systems, Inc. | 0.72% | 2.75% | 0.72% |
 CATCaterpillar Inc. | 0.62% | 1.27% | 0.62% |
 LRCXLam Research Corp. | 0.60% | 2.69% | 0.60% |
 NFLXNetflix, Inc. | 0.55% | 1.17% | 0.55% |
 PLTRPalantir Technologies Inc., Class A | 0.54% | 1.16% | 0.54% |
 AMATApplied Materials, Inc. | 0.54% | 1.40% | 0.54% |
 BACBank of America Corp. | 0.54% | 1.58% | 0.54% |
 GEGeneral Electric Co. | 0.52% | 0.57% | 0.52% |
Frequently Asked Questions
How much do PBUS and DYNF overlap?
PBUS and DYNF overlap by 61.9% of portfolio weight. They share 156 holdings (PBUS holds 537 positions and DYNF holds 187), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PBUS and DYNF?
The two portfolios are 61.9% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of PBUS and DYNF?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and AVGO. Together the top 10 shared positions account for 59% of the total overlap.
What does PBUS own that DYNF doesn't?
381 positions (26.4% of PBUS) are unique to PBUS, led by MA, CVX and KO. In the other direction, 31 positions (0.9% of DYNF) are unique to DYNF.