DFND vs. IAU
DFND (Siren DIVCON Dividend Defender ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, DFND returned 7.15%/yr vs 12.49%/yr for IAU. At a correlation of -0.01, they often move in opposite directions. DFND charges 1.50%/yr vs 0.25%/yr for IAU.
Performance
DFND vs. IAU - Performance Comparison
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Returns By Period
Over the past 10 years, DFND has underperformed IAU with an annualized return of 7.15%, while IAU has yielded a comparatively higher 12.49% 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%
IAU
- 1D
- 2.61%
- 1M
- -4.97%
- YTD
- 0.11%
- 6M
- 0.22%
- 1Y
- 25.52%
- 3Y*
- 29.91%
- 5Y*
- 18.47%
- 10Y*
- 12.49%
DFND vs. IAU - 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% |
IAU iShares Gold Trust | 0.11% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between DFND and IAU 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 (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016 | -0.01 |
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Return for Risk
DFND vs. IAU — Risk / Return Rank
DFND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAU
DFND vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.05 | -0.45 |
| Martin ratioReturn relative to average drawdown | 1.08 | 3.00 | -1.92 |
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Drawdowns
DFND vs. IAU - Drawdown Comparison
The maximum DFND drawdown since its inception was -22.65%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for DFND and IAU.
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Drawdown Indicators
| DFND | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -45.14% | +22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -24.40% | +20.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -24.40% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | -24.40% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.65% | -24.40% | +1.75% |
Current DrawdownCurrent decline from peak | -3.69% | -20.00% | +16.31% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -15.97% | +10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 8.56% | -4.84% |
Volatility
DFND vs. IAU - Volatility Comparison
The current volatility for Siren DIVCON Dividend Defender ETF (DFND) is 0.00%, while iShares Gold Trust (IAU) has a volatility of 8.29%. This indicates that DFND experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFND | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 8.29% | -8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 24.06% | -17.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 27.29% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.44% | 18.20% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 16.04% | +3.04% |
DFND vs. IAU - Expense Ratio Comparison
DFND has a 1.50% expense ratio, which is higher than IAU's 0.25% expense ratio.
Dividends
DFND vs. IAU - Dividend Comparison
Neither DFND nor IAU has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFND and IAU 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.
IAU has higher volatility (8.29%) compared to DFND (0.00%). In terms of maximum drawdown, DFND dropped -22.65% vs IAU's -45.14%.
On 10-year performance, IAU leads with 12.49% vs 7.15% for DFND. On fees, IAU is cheaper at 0.25% per year. On volatility, DFND has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IAU has performed better with a 12.49% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAU is cheaper with a 0.25% expense ratio, compared with 1.50% for DFND.
DFND has the higher dividend yield at 0.62%, compared with 0.00% for IAU.
DFND is categorized as Large Cap Blend Equities, while IAU is Gold. DFND tracks Siren DIVCON Dividend Defender Index, while IAU tracks LBMA Gold Price. They also come from different issuers: SRN Advisors and iShares. Their fees differ too: 1.50% for DFND and 0.25% for IAU.
IAU currently has the higher Sharpe Ratio (0.94 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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