At a glance
DYLD charges 0.75% a year, above the 0.09% average of the 7 funds most like it (the most expensive of 8). It has $58.6M in assets, the 8th largest of that group; it paid 4.24% of its price in distributions over the past 12 months, monthly. Over the past year it returned +1.3% with distributions reinvested, 2nd of those 8 funds; over three years it returned +5.3% a year. At its worst it fell 12.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 24 months after the low.
The short version
LeaderShares Dynamic Yield ETF (DYLD) is a small bond ETF from Redwood. It pays income monthly, and its trailing 12-month yield was 4.24% as of October 27, 2026. Its price has moved very little: one-year volatility was 2.4%. The main drawback is cost. Its 0.75% expense ratio is the highest of the eight bond funds it was compared with, which averaged 0.09%.
Price history
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DYLD +1.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DYLD price data to Oct 27, 2026 | +1.1% | +1.3% | +5.3% | +1.0% | — | +1.1% |
- Over the year to Oct 27, 2026, DYLD returned +1.3%, 2nd of 8 among similar funds.
- Its 5-year annualized return was +1.0%.
- Its worst full calendar year was 2022 (-10.7%); its best was 2023 (+6.4%).
- The deepest fall in its price history was 14.9% (Sep 14, 2021 to Oct 20, 2022), recovered by Jun 30, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +1.1% |
| 2025 | +5.0% |
| 2024 | +3.7% |
| 2023 | +6.4% |
| 2022 | -10.7% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 12.4% over that stretch · deepest drop along the way 12.5%, back to its old high 23.6 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.6800 | |
| 2025 | $0.9500 | -7.8% |
| 2024 | $1.0300 | +30.4% |
| 2023 | $0.7900 | +107.7% |
| 2022 | $0.3804 |
How it works
We can't explain DYLD's rules for choosing holdings in detail, because we could not find the fund in the SEC's ticker files under this name or ticker. That can happen when a fund has been renamed or closed, or when it isn't registered with the SEC under this ticker. The fund's latest prospectus from Redwood, the issuer, is the place to check what the fund may own and how its managers make choices.
Here is what we do know. DYLD is classified as a bond fund. It launched on June 28, 2021, and has net assets of about $58.6 million. A bond fund collects interest from the debt it holds and passes that income to shareholders. DYLD pays it out monthly. Bond prices move opposite to interest rates. When rates rise, older bonds that pay less interest lose value. The longer a fund's bonds take to mature, the more its price reacts.
The fund's track record tells us about its risk, though not about its method. Over the year to October 27, 2026, its volatility (how much its price swings) was 2.4%. Its beta was 0.08, which means its price barely moved with the broad market. The fund doesn't use leverage, and it isn't built around options income or a buffer.
What it really costs
- DYLD charges 0.75% a year, versus an average of 0.09% for the similar funds below (8th of 8, cheapest first).
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
DYLD is a low-volatility bond fund that pays monthly, with a trailing 12-month yield of 4.24% as of October 27, 2026.
DYLD could add monthly income to a portfolio. Over the 12 months to October 27, 2026, it paid about $0.94 a share, a trailing yield of 4.24%. It launched in 2021, so it missed the 2008 and 2020 crashes. Its real test came in 2022, when rising rates hit bonds. It fell 12.5% from January 3 to September 27, 2022, and took about 24 months to recover. Its deepest drop was 14.9%, from September 2021 to October 2022, and it took about 32 months to recover. Its worst calendar year was 2022, at -10.67%. A retiree who sold shares for cash in a year like that would have locked in losses. The 0.75% expense ratio also takes a bigger cut of returns than the 0.09% peer average. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want monthly bond income. DYLD's trailing 12-month yield was 4.24% as of October 27, 2026.
- Investors who value a steady price. One-year volatility was 2.4%, and its deepest one-year drop was 1.3%, as of October 27, 2026.
- Investors who want a holding that barely moves with stocks. Its one-year beta was 0.08 as of October 27, 2026.
Look elsewhere if
- Cost-focused investors. Its 0.75% expense ratio was the highest of eight bond funds compared, which averaged 0.09%.
- Anyone who wants a clear written strategy. We couldn't find this fund in the SEC's ticker files to confirm how it picks holdings.
- Investors who want long-term growth. It returned about 1% a year over the five years to October 27, 2026.
Close alternatives
Matched by legacy category (no holdings report for this fund).
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| DYLD this fund | 0.75% | $58.6M | +1.3% | +5.3% |
| BND Vanguard Total Bond Market ETF | 0.03% | $355.20B | -0.4% | +4.7% |
| AGG iShares Core U.S. Aggregate Bond ETF | 0.03% | $125.20B | -0.4% | +4.7% |
| BNDX Vanguard Total International Bond ETF | 0.07% | $100.60B | -0.6% | +4.1% |
| BSV Vanguard Short-Term Bond ETF | 0.03% | $60.20B | +1.7% | +4.5% |
| BIV Vanguard Intermediate-Term Bond ETF | 0.03% | $44.00B | -0.7% | +5.1% |
| IUSB iShares Core Total USD Bond Market ETF | 0.06% | $33.00B | -0.3% | +5.1% |
| FBND Fidelity Total Bond ETF | 0.36% | $18.60B | -0.2% | +5.4% |
Questions investors ask
Does DYLD pay monthly dividends?
Yes. DYLD pays distributions monthly. Over the 12 months to October 27, 2026, it paid about $0.94 a share, a trailing yield of 4.24%. A trailing yield measures what the fund paid in the past. It doesn't promise future payments. A bond fund's monthly payouts can rise or fall with the interest its holdings earn and with changes in interest rates.
What is DYLD's expense ratio?
DYLD's expense ratio is 0.75% a year. That was the highest of the eight bond funds it was compared with, which averaged 0.09%. Vanguard Total Bond Market ETF (BND) and iShares Core U.S. Aggregate Bond ETF (AGG) each charge 0.03%, and Fidelity Total Bond ETF (FBND) charges 0.36%. Fees come out of the fund's assets every year, so a higher fee leaves less of the fund's return for shareholders.
DYLD vs BND: what's the difference?
The biggest differences are size and cost. Vanguard Total Bond Market ETF (BND) has about $355.2 billion in net assets and charges 0.03%. DYLD has about $58.6 million and charges 0.75%. DYLD returned 1.3% over one year to October 27, 2026, while BND returned -0.1% over one year to October 30, 2026. Over three years, they returned 5.3% and 5.4% a year. The two were paired only because they share a bond category, so their holdings may differ a lot.
How did DYLD do in 2022?
DYLD lost 10.67% in 2022, its worst calendar year. Rising interest rates pushed bond prices down that year. From its January 3 peak to its September 27, 2022 low, it fell 12.5%. It got back to that peak on September 13, 2024, about 24 months later. Its deepest drop overall was 14.9%, from September 2021 to October 2022, and it didn't fully recover until June 30, 2025.
Is DYLD good for retirement income?
DYLD may suit retirees who want monthly income and a steady price, but it has trade-offs. Its trailing yield was 4.24%, and its one-year volatility was 2.4%, as of October 27, 2026. Over five years, though, it returned only about 1% a year. Its 0.75% fee is far above the 0.09% peer average. In 2022, it took about 24 months to recover from a 12.5% drop.