DFND vs. CLSE
Compare and contrast key facts about Siren DIVCON Dividend Defender ETF (DFND) and Convergence Long/Short Equity ETF (CLSE).
DFND and CLSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016. CLSE is an actively managed fund by Convergence Investment Partners. It was launched on Feb 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFND or CLSE.
Key characteristics
| DFND | CLSE | |
|---|---|---|
| YTD Return | 16.37% | 40.19% |
| 1Y Return | 13.68% | 42.06% |
| Sharpe Ratio | 0.63 | 3.53 |
| Sortino Ratio | 1.04 | 4.91 |
| Omega Ratio | 1.17 | 1.62 |
| Calmar Ratio | 1.48 | 5.97 |
| Martin Ratio | 3.33 | 24.09 |
| Ulcer Index | 5.59% | 1.84% |
| Daily Std Dev | 29.97% | 12.49% |
| Max Drawdown | -22.65% | -14.28% |
| Current Drawdown | -3.22% | 0.00% |
Correlation
The correlation between DFND and CLSE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DFND vs. CLSE - Performance Comparison
In the year-to-date period, DFND achieves a 16.37% return, which is significantly lower than CLSE's 40.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DFND vs. CLSE - Expense Ratio Comparison
DFND has a 1.50% expense ratio, which is lower than CLSE's 1.56% expense ratio.
Risk-Adjusted Performance
DFND vs. CLSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and Convergence Long/Short Equity ETF (CLSE). 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.
Dividends
DFND vs. CLSE - Dividend Comparison
DFND's dividend yield for the trailing twelve months is around 1.53%, more than CLSE's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DFND Siren DIVCON Dividend Defender ETF | 1.53% | 1.84% | 0.29% | 0.00% | 0.00% | 0.77% | 0.53% | 0.03% |
CLSE Convergence Long/Short Equity ETF | 0.86% | 1.21% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFND vs. CLSE - Drawdown Comparison
The maximum DFND drawdown since its inception was -22.65%, which is greater than CLSE's maximum drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for DFND and CLSE. For additional features, visit the drawdowns tool.
Volatility
DFND vs. CLSE - Volatility Comparison
Siren DIVCON Dividend Defender ETF (DFND) has a higher volatility of 17.33% compared to Convergence Long/Short Equity ETF (CLSE) at 3.56%. This indicates that DFND's price experiences larger fluctuations and is considered to be riskier than CLSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.