No, you are conflating two separate concepts. Just because a framework is dynamic doesn't mean it has to be shared. MacOS X provides all the benefits of dynamic frameworks that Landon outlines, but third party frameworks are almost always bundled within each app (and on iOS they would certainly be required to be).
I am not actually conflating them at all. However, Frameworks as implemented on iOS are at present dynamically loaded. As I said, there are technical ways to address that particular issue, some of which bring iOS Frameworks more in parity with OS X.