2B7C.DE vs. DFND
2B7C.DE (iShares S&P 500 Industrials Sector UCITS ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both exchange-traded funds - 2B7C.DE is a Industrials Equities fund tracking the S&P 500 Capped 35/20 Industrials, while DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. Both are passively managed. Over the past 5 years, 2B7C.DE returned 13.22%/yr vs 5.51%/yr for DFND. At a 0.32 correlation, their price movements are largely independent. 2B7C.DE charges 0.15%/yr vs 1.50%/yr for DFND.
Performance
2B7C.DE vs. DFND - Performance Comparison
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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 13.30% return, which is significantly higher than DFND's 1.08% return.
2B7C.DE
- 1D
- -0.23%
- 1M
- 2.46%
- YTD
- 13.30%
- 6M
- 14.07%
- 1Y
- 20.91%
- 3Y*
- 18.60%
- 5Y*
- 13.22%
- 10Y*
- —
DFND
- 1D
- -0.14%
- 1M
- 0.67%
- YTD
- 1.08%
- 6M
- 0.32%
- 1Y
- -0.68%
- 3Y*
- 5.21%
- 5Y*
- 5.51%
- 10Y*
- 6.92%
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 | 13.30% | 6.91% | 23.72% | 13.89% | -0.20% | 32.19% | -0.63% | 32.20% | -10.13% | 4.44% |
DFND Siren DIVCON Dividend Defender ETF | 1.08% | -2.67% | 15.64% | 8.76% | -14.61% | 23.38% | 6.55% | 22.23% | 2.77% | 0.44% |
Correlation
The correlation between 2B7C.DE and DFND is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2017 | 0.32 |
The correlation between 2B7C.DE and DFND shifts across timeframes, from 0.13 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
2B7C.DE vs. DFND — Risk / Return Rank
2B7C.DE
DFND
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 ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | -0.15 | +2.49 |
| Martin ratioReturn relative to average drawdown | 7.59 | -0.27 | +7.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 2B7C.DE | DFND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | -0.07 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.25 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.30 | +0.30 |
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.
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Drawdown Indicators
| 2B7C.DE | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.33% | -19.65% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -5.56% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -18.86% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.66% | -18.86% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.65% | — |
Current DrawdownCurrent decline from peak | -0.47% | -10.99% | +10.52% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -6.25% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 6.52% | -3.77% |
Volatility
2B7C.DE vs. DFND - Volatility Comparison
iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) has a higher volatility of 3.74% compared to Siren DIVCON Dividend Defender ETF (DFND) at 1.26%. 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.
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Volatility by Period
| 2B7C.DE | DFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 1.26% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 7.00% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 11.92% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 22.64% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 19.87% | -0.52% |
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.
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%.
| Position | 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% |
Frequently Asked Questions
2B7C.DE and DFND have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7C.DE is cheaper with a 0.15% expense ratio, compared with 1.50% for DFND.
2B7C.DE is categorized as Industrials Equities, while DFND is Large Cap Blend Equities. 2B7C.DE tracks S&P 500 Capped 35/20 Industrials, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: iShares and SRN Advisors. Their fees differ too: 0.15% for 2B7C.DE and 1.50% for DFND.
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