DDIV vs. DFND

Last updated Aug 4, 2026

DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both exchange-traded funds - DDIV is a Momentum fund tracking the Dorsey Wright Momentum Plus Dividend Yield Index, while DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. Both are passively managed. Their 0.35 correlation means their historical movements had little consistent relationship. DDIV charges 0.60%/yr vs 1.50%/yr for DFND.

Performance

DDIV vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDIV

• 1D: 0.39%
• 1M: 3.93%
• 6M: 9.75%
• YTD: 14.18%
• 1Y: 26.26%
• 3Y*: 20.51%
• 5Y*: 12.00%
• 10Y*: 10.11%
• ALL TIME*: 9.22%

DFND

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	$943.17K	$544.16K	$292.85K

DDIV vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	14.18%	12.23%	27.18%	9.95%	-12.44%	39.96%	-3.59%	32.40%	-16.50%	11.31%
DFND Siren DIVCON Dividend Defender ETF	0.00%	10.37%	8.48%	12.13%	-19.59%	14.80%	16.12%	19.53%	-1.83%	16.33%

Correlation

The correlation between DDIV and DFND is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (3Y) Balances recent behavior with more history.	0.16
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (10Y) Provides a long-term view across more market conditions.	0.35
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016	0.35

Over the past year, the correlation between DDIV and DFND has dropped to 0.02 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

DDIV vs. DFND - Sectors Allocation Comparison

Sectors	DDIV	DFND
Energy	26.5%	1.7%
Financial Services	22.8%	18.2%
Real Estate	15.5%	2.0%
Consumer Defensive	7.3%	4.2%
Industrials	6.8%	17.1%
Consumer Cyclical	5.5%	3.5%
Utilities	5.4%	-
Healthcare	4.0%	10.7%
Basic Materials	2.9%	4.3%
Communication Services	2.3%	0.8%
Technology	1.0%	24.8%

Return for Risk

DDIV vs. DFND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDIV

DDIV Risk / Return Rank: 72
DDIV Sharpe Ratio Rank: 77
DDIV Sortino Ratio Rank: 75
DDIV Omega Ratio Rank: 77
DDIV Calmar Ratio Rank: 64
DDIV Martin Ratio Rank: 68

DFND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDIV vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) 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.

	DDIV	DFND	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.33	—	—
Martin ratio: Return relative to average drawdown	8.58	—	—

Drawdowns

Drawdown Indicators

	DDIV	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-47.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.56%	—	—
Current Drawdown Current decline from peak	-1.15%	—	—
Average Drawdown Average peak-to-trough decline	-5.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	—	—

Volatility

Volatility by Period

	DDIV	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	—	—

DDIV vs. DFND - Expense Ratio Comparison

DDIV has a 0.60% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

DDIV vs. DFND - Dividend Comparison

DDIV's dividend yield for the trailing twelve months is around 1.52%, while DFND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	1.52%	1.94%	2.22%	3.18%	3.60%	2.43%	2.63%	2.93%	3.27%	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

Can I hold both DDIV and DFND in my portfolio?

DDIV and DFND have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDIV or DFND?

On fees, DDIV is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDIV or DFND?

DDIV is cheaper with a 0.60% expense ratio, compared with 1.50% for DFND.

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

DDIV has the higher dividend yield at 1.52%, compared with 0.29% for DFND.

What is the main difference between DDIV and DFND?

DDIV is categorized as Momentum, while DFND is Large Cap Blend Equities. DDIV tracks Dorsey Wright Momentum Plus Dividend Yield Index, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: First Trust and SRN Advisors. Their fees differ too: 0.60% for DDIV and 1.50% for DFND.