DFND vs. CVS
DFND (Siren DIVCON Dividend Defender ETF) is Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index, while CVS (CVS Health Corporation) is a stock. Over the past 10 years, DFND returned 7.15%/yr vs 3.73%/yr for CVS. At a 0.21 correlation, their price movements are largely independent.
Performance
DFND vs. CVS - Performance Comparison
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Returns By Period
Over the past 10 years, DFND has outperformed CVS with an annualized return of 7.15%, while CVS has yielded a comparatively lower 3.73% annualized return.
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.72%
- 3Y*
- 8.10%
- 5Y*
- 4.54%
- 10Y*
- 7.15%
CVS
- 1D
- -1.26%
- 1M
- 5.00%
- YTD
- 29.03%
- 6M
- 28.50%
- 1Y
- 54.70%
- 3Y*
- 18.65%
- 5Y*
- 7.00%
- 10Y*
- 3.73%
DFND vs. CVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CVS CVS Health Corporation | 29.03% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
Correlation
The correlation between DFND and CVS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016 | 0.21 |
The correlation between DFND and CVS shifts across timeframes, from 0.05 (3 years) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFND vs. CVS — Risk / Return Rank
DFND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CVS
DFND vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and CVS Health Corporation (CVS). 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 | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 3.34 | -2.74 |
| Martin ratioReturn relative to average drawdown | 1.08 | 8.60 | -7.53 |
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Drawdowns
DFND vs. CVS - Drawdown Comparison
The maximum DFND drawdown since its inception was -22.65%, smaller than the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for DFND and CVS.
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Drawdown Indicators
| DFND | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -64.07% | +41.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -16.44% | +13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -43.98% | +31.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | -56.79% | +34.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.65% | -56.79% | +34.14% |
Current DrawdownCurrent decline from peak | -3.69% | -1.26% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -19.54% | +13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 6.38% | -2.66% |
Volatility
DFND vs. CVS - Volatility Comparison
The current volatility for Siren DIVCON Dividend Defender ETF (DFND) is 0.00%, while CVS Health Corporation (CVS) has a volatility of 7.55%. This indicates that DFND experiences smaller price fluctuations and is considered to be less risky than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFND | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.55% | -7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 25.84% | -19.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 31.11% | -20.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 29.99% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 29.32% | -10.24% |
Dividends
DFND vs. CVS - Dividend Comparison
DFND has not paid dividends to shareholders, while CVS's dividend yield for the trailing twelve months is around 2.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.64% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
DFND and CVS 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.
CVS has higher volatility (7.55%) compared to DFND (0.00%). In terms of maximum drawdown, DFND dropped -22.65% vs CVS's -64.07%.
CVS currently has the higher Sharpe Ratio (1.77 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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