ACVF vs. DFND

Last updated Jun 3, 2026

ACVF (American Conservative Values ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. ACVF is actively managed, while DFND is passively managed. Over the past 5 years, ACVF returned 12.66%/yr vs 4.73%/yr for DFND. At a 0.47 correlation, their price movements are largely independent. ACVF charges 0.75%/yr vs 1.50%/yr for DFND.

Performance

ACVF vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Conservative Values ETF (ACVF) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACVF

• 1D: 0.48%
• 1M: 6.31%
• YTD: 11.18%
• 6M: 12.23%
• 1Y: 21.98%
• 3Y*: 19.83%
• 5Y*: 12.66%
• 10Y*: —

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -0.38%
• 1Y: 0.51%
• 3Y*: 7.91%
• 5Y*: 4.73%
• 10Y*: 7.16%

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

ACVF vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ACVF American Conservative Values ETF	11.18%	13.67%	20.56%	23.81%	-15.74%	28.84%	13.79%
DFND Siren DIVCON Dividend Defender ETF	0.00%	10.37%	8.48%	12.13%	-19.59%	14.80%	3.31%

Correlation

The correlation between ACVF and DFND is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020	0.47

Over the past year, the correlation between ACVF and DFND has dropped to 0.16 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

ACVF vs. DFND - Sectors Allocation Comparison

Sectors	ACVF	DFND
Technology	39.7%	24.8%
Financial Services	11.6%	18.2%
Industrials	11.0%	17.1%
Consumer Cyclical	10.7%	3.5%
Healthcare	8.1%	10.7%
Consumer Defensive	5.9%	4.2%
Communication Services	4.2%	0.8%
Energy	3.5%	1.7%
Utilities	2.2%	-
Real Estate	1.7%	2.0%
Basic Materials	1.6%	4.3%

Return for Risk

ACVF vs. DFND — Risk / Return Rank

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

ACVF

ACVF Risk / Return Rank: 58
ACVF Sharpe Ratio Rank: 56
ACVF Sortino Ratio Rank: 57
ACVF Omega Ratio Rank: 55
ACVF Calmar Ratio Rank: 57
ACVF Martin Ratio Rank: 63

DFND

DFND Risk / Return Rank: 13
DFND Sharpe Ratio Rank: 9
DFND Sortino Ratio Rank: 9
DFND Omega Ratio Rank: 9
DFND Calmar Ratio Rank: 20
DFND Martin Ratio Rank: 17

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.

ACVF vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Conservative Values ETF (ACVF) 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.

	ACVF	DFND	Difference
Sharpe ratio Return per unit of total volatility	1.94	0.06	+1.88
Sortino ratio Return per unit of downside risk	2.72	0.16	+2.56
Omega ratio Gain probability vs. loss probability	1.34	1.02	+0.32
Calmar ratio Return relative to maximum drawdown	2.89	0.89	+1.99
Martin ratio Return relative to average drawdown	11.75	1.81	+9.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACVF vs. DFND - Sharpe Ratio Comparison

The current ACVF Sharpe Ratio is 1.94, which is higher than the DFND Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of ACVF and DFND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACVF	DFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	0.06	+1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.22	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.36	+0.67

Drawdowns

ACVF vs. DFND - Drawdown Comparison

The maximum ACVF drawdown since its inception was -24.39%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for ACVF and DFND.

Drawdown Indicators

	ACVF	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-24.39%	-22.65%	-1.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-3.44%	-4.26%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-12.56%	-4.26%
Max Drawdown (5Y) Largest decline over 5 years	-24.39%	-22.65%	-1.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.65%	—
Current Drawdown Current decline from peak	0.00%	-3.69%	+3.69%
Average Drawdown Average peak-to-trough decline	-4.75%	-5.70%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	3.70%	-1.81%

Volatility

ACVF vs. DFND - Volatility Comparison

American Conservative Values ETF (ACVF) has a higher volatility of 3.06% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that ACVF'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

	ACVF	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	0.00%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	6.41%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	11.01%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	22.46%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	19.09%	-3.12%

ACVF vs. DFND - Expense Ratio Comparison

ACVF has a 0.75% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

ACVF vs. DFND - Dividend Comparison

ACVF's dividend yield for the trailing twelve months is around 0.53%, less than DFND's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACVF American Conservative Values ETF	0.53%	0.59%	0.59%	0.82%	0.93%	0.61%	0.23%	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

Can I hold both ACVF and DFND in my portfolio?

ACVF and DFND have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACVF or DFND?

ACVF has higher volatility (3.06%) compared to DFND (0.00%). In terms of maximum drawdown, ACVF dropped -24.39% vs DFND's -22.65%.

Which ETF is better, ACVF or DFND?

On 5-year performance, ACVF leads with 12.66% vs 4.73% for DFND. On fees, ACVF is cheaper at 0.75% per year. On volatility, DFND has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACVF or DFND?

Over the 5-year period, ACVF has performed better with a 12.66% return vs 4.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACVF or DFND?

ACVF is cheaper with a 0.75% expense ratio, compared with 1.50% for DFND.

Which ETF pays a higher dividend yield, ACVF or DFND?

DFND has the higher dividend yield at 0.62%, compared with 0.53% for ACVF.

What is the main difference between ACVF and DFND?

They also come from different issuers: Ridgeline Research LLC and SRN Advisors. Their fees differ too: 0.75% for ACVF and 1.50% for DFND.

Which has better risk-adjusted returns?

ACVF currently has the higher Sharpe Ratio (1.94 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.