DFND vs. ACEP

Last updated Aug 6, 2026

DFND (Siren DIVCON Dividend Defender ETF) and ACEP (ARS Core Equity Portfolio ETF) are both Large Cap Blend Equities funds. DFND is passively managed, while ACEP is actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. DFND charges 1.50%/yr vs 0.45%/yr for ACEP.

Performance

DFND vs. ACEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Dividend Defender ETF (DFND) and ARS Core Equity Portfolio ETF (ACEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFND

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

ACEP

• 1D: 0.02%
• 1M: 2.51%
• 6M: 15.44%
• YTD: 24.65%
• 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)
ACEP ARS Core Equity Portfolio ETF	$36.53K	$36.84K	$48.24K

DFND vs. ACEP - Yearly Performance Comparison

	2026 (YTD)	2025
DFND Siren DIVCON Dividend Defender ETF	0.00%	-1.00%
ACEP ARS Core Equity Portfolio ETF	24.65%	8.00%

Correlation

The correlation between DFND and ACEP 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 (All Time) Calculated using the full available price history since Nov 21, 2025	-0.02

DFND vs. ACEP - Sectors Allocation Comparison

Sectors	DFND	ACEP
Technology	24.8%	34.3%
Financial Services	18.2%	14.4%
Industrials	17.1%	12.1%
Healthcare	10.7%	8.2%
Basic Materials	4.3%	11.1%
Consumer Defensive	4.2%	1.9%
Consumer Cyclical	3.5%	2.8%
Real Estate	2.0%	1.6%
Energy	1.7%	12.5%
Communication Services	0.8%	1.2%
Utilities	-	-

Return for Risk

DFND vs. ACEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and ARS Core Equity Portfolio ETF (ACEP). 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.

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

Drawdowns

Drawdown Indicators

	DFND	ACEP	Difference
Max Drawdown Largest peak-to-trough decline	—	-7.06%	—
Current Drawdown Current decline from peak	—	-0.44%	—
Average Drawdown Average peak-to-trough decline	—	-1.74%	—

Volatility

Volatility by Period

	DFND	ACEP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	16.86%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.86%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.86%	—

DFND vs. ACEP - Expense Ratio Comparison

DFND has a 1.50% expense ratio, which is higher than ACEP's 0.45% expense ratio.

Dividends

DFND vs. ACEP - Dividend Comparison

DFND has not paid dividends to shareholders, while ACEP's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%	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

Can I hold both DFND and ACEP in my portfolio?

DFND and ACEP 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, DFND or ACEP?

On fees, ACEP is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFND or ACEP?

ACEP is cheaper with a 0.45% expense ratio, compared with 1.50% for DFND.

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

DFND has the higher dividend yield at 0.29%, compared with 0.11% for ACEP.

What is the main difference between DFND and ACEP?

They also come from different issuers: SRN Advisors and ARS Investment Partners. Their fees differ too: 1.50% for DFND and 0.45% for ACEP.