AQEC vs. DFND
AQEC (AQE Core ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. AQEC is actively managed, while DFND is passively managed. At a correlation of -0.05, they often move in opposite directions. AQEC charges 0.49%/yr vs 1.50%/yr for DFND.
Performance
AQEC vs. DFND - Performance Comparison
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Returns By Period
AQEC
- 1D
- 1.73%
- 1M
- -1.45%
- YTD
- -6.71%
- 6M
- -7.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.86%
- 3Y*
- 8.10%
- 5Y*
- 4.54%
- 10Y*
- 7.15%
AQEC vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AQEC AQE Core ETF | -6.71% | 3.90% |
DFND Siren DIVCON Dividend Defender ETF | 0.00% | -1.20% |
Correlation
The correlation between AQEC and DFND is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.05 |
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Return for Risk
AQEC vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQE Core ETF (AQEC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AQEC | DFND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.60 | — |
| Martin ratioReturn relative to average drawdown | — | 1.08 | — |
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Drawdowns
AQEC vs. DFND - Drawdown Comparison
The maximum AQEC drawdown since its inception was -12.81%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for AQEC and DFND.
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Drawdown Indicators
| AQEC | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.81% | -22.65% | +9.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.44% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.65% | — |
Current DrawdownCurrent decline from peak | -9.04% | -3.69% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.70% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.72% | — |
Volatility
AQEC vs. DFND - Volatility Comparison
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Volatility by Period
| AQEC | DFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 10.88% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.49% | 22.44% | -9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.49% | 19.08% | -6.59% |
AQEC vs. DFND - Expense Ratio Comparison
AQEC has a 0.49% expense ratio, which is lower than DFND's 1.50% expense ratio.
Dividends
AQEC vs. DFND - Dividend Comparison
AQEC's dividend yield for the trailing twelve months is around 0.96%, while DFND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AQEC AQE Core ETF | 0.96% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFND Siren DIVCON Dividend Defender ETF | 0.29% | 1.10% | 1.64% | 1.84% | 0.29% | 0.00% | 0.00% | 0.77% | 0.53% | 0.02% |
Frequently Asked Questions
AQEC and DFND have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AQEC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AQEC is cheaper with a 0.49% expense ratio, compared with 1.50% for DFND.
AQEC has the higher dividend yield at 0.96%, compared with 0.29% for DFND.
They also come from different issuers: Arlington Asset Management and SRN Advisors. Their fees differ too: 0.49% for AQEC and 1.50% for DFND.
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