DFND vs. ESN

Last updated Aug 2, 2026

DFND (Siren DIVCON Dividend Defender ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds - DFND tracks the Siren DIVCON Dividend Defender Index while ESN tracks the Essential 40 Stock Index. Both are passively managed. Their 0.13 correlation means their historical movements had little consistent relationship. DFND charges 1.50%/yr vs 0.70%/yr for ESN.

Performance

DFND vs. ESN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Dividend Defender ETF (DFND) and Essential 40 Stock ETF (ESN). 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*: —

ESN

• 1D: 0.28%
• 1M: -0.26%
• 6M: 12.11%
• YTD: 16.65%
• 1Y: 27.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.50%

*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)
ESN Essential 40 Stock ETF	$2.17M	$1.60M	$1.63M

DFND vs. ESN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFND Siren DIVCON Dividend Defender ETF	0.00%	10.37%	-2.32%
ESN Essential 40 Stock ETF	16.65%	16.52%	-3.53%

Correlation

The correlation between DFND and ESN is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.08
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.13

Return for Risk

DFND vs. ESN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFND

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

ESN

ESN Risk / Return Rank: 93
ESN Sharpe Ratio Rank: 94
ESN Sortino Ratio Rank: 93
ESN Omega Ratio Rank: 92
ESN Calmar Ratio Rank: 91
ESN Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFND vs. ESN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and Essential 40 Stock ETF (ESN). 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	ESN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.65	—
Sortino ratio: Return per unit of downside risk	—	3.65	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	4.12	—
Martin ratio: Return relative to average drawdown	—	16.52	—

Drawdowns

Drawdown Indicators

	DFND	ESN	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.60%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.42%	—
Current Drawdown Current decline from peak	—	-0.53%	—
Average Drawdown Average peak-to-trough decline	—	-1.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.60%	—

Volatility

Volatility by Period

	DFND	ESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.04%	—

DFND vs. ESN - Expense Ratio Comparison

DFND has a 1.50% expense ratio, which is higher than ESN's 0.70% expense ratio.

Dividends

DFND vs. ESN - Dividend Comparison

DFND has not paid dividends to shareholders, while ESN's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
ESN Essential 40 Stock ETF	0.78%	0.91%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFND and ESN in my portfolio?

DFND and ESN have a correlation of 0.08, 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 ESN?

On fees, ESN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFND or ESN?

ESN is cheaper with a 0.70% expense ratio, compared with 1.50% for DFND.

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

ESN has the higher dividend yield at 0.78%, compared with 0.29% for DFND.

What is the main difference between DFND and ESN?

DFND tracks Siren DIVCON Dividend Defender Index, while ESN tracks Essential 40 Stock Index. They also come from different issuers: SRN Advisors and KKM. Their fees differ too: 1.50% for DFND and 0.70% for ESN.