DFND vs. BUFX
DFND (Siren DIVCON Dividend Defender ETF) and BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) are both exchange-traded funds - DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index, while BUFX is a Defined Outcome fund managed by First Trust. At a 0.09 correlation, their price movements are largely independent. DFND charges 1.50%/yr vs 0.96%/yr for BUFX.
Performance
DFND vs. BUFX - Performance Comparison
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Returns By Period
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.16%
- 3Y*
- 8.10%
- 5Y*
- 4.54%
- 10Y*
- 7.15%
BUFX
- 1D
- -0.07%
- 1M
- 0.36%
- YTD
- 4.12%
- 6M
- 4.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFND vs. BUFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFND Siren DIVCON Dividend Defender ETF | 0.00% | -0.25% |
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 4.12% | 5.43% |
Correlation
The correlation between DFND and BUFX is 0.09, 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 Jun 25, 2025 | 0.09 |
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Return for Risk
DFND vs. BUFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX). 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 | BUFX | 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
DFND vs. BUFX - Drawdown Comparison
The maximum DFND drawdown since its inception was -22.65%, which is greater than BUFX's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for DFND and BUFX.
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Drawdown Indicators
| DFND | BUFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -2.87% | -19.78% |
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 | -3.69% | -0.32% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -0.24% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | — | — |
Volatility
DFND vs. BUFX - Volatility Comparison
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Volatility by Period
| DFND | BUFX | 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 | 10.88% | 4.04% | +6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 4.04% | +18.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 4.04% | +15.04% |
DFND vs. BUFX - Expense Ratio Comparison
DFND has a 1.50% expense ratio, which is higher than BUFX's 0.96% expense ratio.
Dividends
DFND vs. BUFX - Dividend Comparison
Neither DFND nor BUFX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
DFND and BUFX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BUFX is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BUFX is cheaper with a 0.96% expense ratio, compared with 1.50% for DFND.
DFND has the higher dividend yield at 0.62%, compared with 0.00% for BUFX.
DFND is categorized as Large Cap Blend Equities, while BUFX is Defined Outcome. They also come from different issuers: SRN Advisors and First Trust. Their fees differ too: 1.50% for DFND and 0.96% for BUFX.
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