DFND vs. GXLC

Last updated Jul 14, 2026

DFND (Siren DIVCON Dividend Defender ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - DFND tracks the Siren DIVCON Dividend Defender Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. DFND charges 1.50%/yr vs 0.02%/yr for GXLC.

Performance

DFND vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Dividend Defender ETF (DFND) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFND

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: -0.75%
• 1M: 1.35%
• 6M: 8.42%
• YTD: 10.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFND vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
DFND Siren DIVCON Dividend Defender ETF	0.00%	-0.14%
GXLC Global X U.S. 500 ETF	10.46%	3.22%

Correlation

The correlation between DFND and GXLC is 0.03, 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 Sep 24, 2025	0.03

Return for Risk

DFND vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and Global X U.S. 500 ETF (GXLC). 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.

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

Drawdowns

Drawdown Indicators

	DFND	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	—	-9.08%	—
Current Drawdown Current decline from peak	—	-1.12%	—
Average Drawdown Average peak-to-trough decline	—	-1.55%	—

Volatility

Volatility by Period

	DFND	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	13.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.60%	—

DFND vs. GXLC - Expense Ratio Comparison

DFND has a 1.50% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

DFND vs. GXLC - Dividend Comparison

DFND has not paid dividends to shareholders, while GXLC's dividend yield for the trailing twelve months is around 0.63%.

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%
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFND and GXLC in my portfolio?

DFND and GXLC have a correlation of 0.03, 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 GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFND or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 1.50% for DFND.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.29% for DFND.

What is the main difference between DFND and GXLC?

DFND tracks Siren DIVCON Dividend Defender Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: SRN Advisors and Global X. Their fees differ too: 1.50% for DFND and 0.02% for GXLC.