2B7C.DE vs. DFND

Last updated Apr 2, 2026

Compare and contrast key facts about iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) and Siren DIVCON Dividend Defender ETF (DFND).

2B7C.DE and DFND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 2B7C.DE is a passively managed fund by iShares that tracks the performance of the S&P 500 Capped 35/20 Industrials. It was launched on Mar 20, 2017. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016. Both 2B7C.DE and DFND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

2B7C.DE vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

2B7C.DE vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2B7C.DE iShares S&P 500 Industrials Sector UCITS ETF	6.80%	6.91%	23.72%	13.89%	-0.20%	32.19%	-0.63%	32.20%	-10.13%	4.44%
DFND Siren DIVCON Dividend Defender ETF	1.48%	-2.67%	15.64%	8.76%	-14.61%	23.38%	6.55%	22.23%	2.77%	0.44%

Different Trading Currencies

2B7C.DE is traded in EUR, while DFND is traded in USD. To make them comparable, the DFND values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2B7C.DE achieves a 6.80% return, which is significantly higher than DFND's 1.48% return.

2B7C.DE

• 1D: 2.98%
• 1M: -6.18%
• YTD: 6.80%
• 6M: 8.79%
• 1Y: 18.18%
• 3Y*: 16.70%
• 5Y*: 12.58%
• 10Y*: —

DFND

• 1D: -0.10%
• 1M: 1.05%
• YTD: 1.48%
• 6M: 2.54%
• 1Y: -1.44%
• 3Y*: 6.22%
• 5Y*: 4.95%
• 10Y*: 6.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

2B7C.DE vs. DFND - Expense Ratio Comparison

2B7C.DE has a 0.15% expense ratio, which is lower than DFND's 1.50% expense ratio.

DFND

Siren DIVCON Dividend Defender ETF

2B7C.DE

iShares S&P 500 Industrials Sector UCITS ETF

Return for Risk

2B7C.DE vs. DFND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2B7C.DE

2B7C.DE Risk / Return Rank: 56
2B7C.DE Sharpe Ratio Rank: 50
2B7C.DE Sortino Ratio Rank: 49
2B7C.DE Omega Ratio Rank: 49
2B7C.DE Calmar Ratio Rank: 71
2B7C.DE Martin Ratio Rank: 61

DFND

DFND Risk / Return Rank: 24
DFND Sharpe Ratio Rank: 22
DFND Sortino Ratio Rank: 23
DFND Omega Ratio Rank: 24
DFND Calmar Ratio Rank: 27
DFND Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

2B7C.DE vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) and Siren DIVCON Dividend Defender ETF (DFND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	2B7C.DE	DFND	Difference
Sharpe ratio Return per unit of total volatility	0.95	-0.09	+1.04
Sortino ratio Return per unit of downside risk	1.39	0.02	+1.37
Omega ratio Gain probability vs. loss probability	1.20	1.00	+0.19
Calmar ratio Return relative to maximum drawdown	1.99	-0.28	+2.28
Martin ratio Return relative to average drawdown	6.45	-0.52	+6.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2B7C.DE vs. DFND - Sharpe Ratio Comparison

The current 2B7C.DE Sharpe Ratio is 0.95, which is higher than the DFND Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of 2B7C.DE and DFND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	2B7C.DE	DFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	-0.09	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.23	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.31	+0.27

Correlation

The correlation between 2B7C.DE and DFND is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

2B7C.DE vs. DFND - Dividend Comparison

2B7C.DE has not paid dividends to shareholders, while DFND's dividend yield for the trailing twelve months is around 0.62%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
2B7C.DE iShares S&P 500 Industrials Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFND Siren DIVCON Dividend Defender ETF	0.62%	1.10%	1.64%	1.84%	0.29%	0.00%	0.00%	0.77%	0.53%	0.02%

Drawdowns

2B7C.DE vs. DFND - Drawdown Comparison

The maximum 2B7C.DE drawdown since its inception was -41.33%, which is greater than DFND's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for 2B7C.DE and DFND.

Drawdown Indicators

	2B7C.DE	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-41.33%	-22.65%	-18.68%
Max Drawdown (1Y) Largest decline over 1 year	-13.86%	-7.48%	-6.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.66%	-22.65%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.65%	—
Current Drawdown Current decline from peak	-6.18%	-3.69%	-2.49%
Average Drawdown Average peak-to-trough decline	-5.08%	-5.73%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	3.81%	-1.06%

Volatility

2B7C.DE vs. DFND - Volatility Comparison

iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) has a higher volatility of 5.33% compared to Siren DIVCON Dividend Defender ETF (DFND) at 2.23%. This indicates that 2B7C.DE's price experiences larger fluctuations and is considered to be riskier than DFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2B7C.DE	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	2.23%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	8.99%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	19.90%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	22.74%	-6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	19.97%	-0.58%