These are for long-term wealth; dynamic funds protect downside risk better. : Aggressive hybrid funds (AHFs) are currently outperforming dynamic asset allocation or balanced advantage funds (DAA/BAFs) across investment horizons (see table). This has sparked a debate on whether it is better to invest in a category where the asset allocation remains static, or one where it keeps changing. Higher equity allocation drove performance The equity markets have done well over the past year (the Sensex is up 54 per cent).