DFND vs. BSJQ
DFND (Siren DIVCON Dividend Defender ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both exchange-traded funds - DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index, while BSJQ is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. DFND charges 1.50%/yr vs 0.42%/yr for BSJQ.
Performance
DFND vs. BSJQ - Performance Comparison
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Returns By Period
DFND
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSJQ
- 1D
- -0.13%
- 1M
- 0.01%
- 6M
- 1.02%
- YTD
- 1.04%
- 1Y
- 4.01%
- 3Y*
- 6.55%
- 5Y*
- 3.61%
- 10Y*
- —
DFND vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DFND Siren DIVCON Dividend Defender ETF | 0.00% | 10.37% | 8.48% | 12.13% | -19.59% | 14.80% | 16.12% | 19.53% | -4.24% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.04% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 2.80% | 16.74% | -4.08% |
Correlation
The correlation between DFND and BSJQ is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018 | 0.43 |
The correlation between DFND and BSJQ shifts across timeframes, from -0.13 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFND vs. BSJQ — Risk / Return Rank
DFND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSJQ
DFND vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.
| DFND | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.66 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.44 | — |
| Martin ratioReturn relative to average drawdown | — | 28.81 | — |
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Drawdowns
DFND vs. BSJQ - Drawdown Comparison
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Drawdown Indicators
| DFND | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -24.13% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.95% | — |
Current DrawdownCurrent decline from peak | — | -0.25% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.14% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.14% | — |
Volatility
DFND vs. BSJQ - Volatility Comparison
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Volatility by Period
| DFND | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.35% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.73% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.39% | — |
DFND vs. BSJQ - Expense Ratio Comparison
DFND has a 1.50% expense ratio, which is higher than BSJQ's 0.42% expense ratio.
Dividends
DFND vs. BSJQ - Dividend Comparison
DFND has not paid dividends to shareholders, while BSJQ's dividend yield for the trailing twelve months is around 5.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.79% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% | 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
DFND and BSJQ 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, BSJQ is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSJQ is cheaper with a 0.42% expense ratio, compared with 1.50% for DFND.
BSJQ has the higher dividend yield at 5.79%, compared with 0.29% for DFND.
DFND is categorized as Large Cap Blend Equities, while BSJQ is High Yield Bonds. DFND tracks Siren DIVCON Dividend Defender Index, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: SRN Advisors and Invesco. Their fees differ too: 1.50% for DFND and 0.42% for BSJQ.
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