DFND vs. IBTI
DFND (Siren DIVCON Dividend Defender ETF) and IBTI (iShares iBonds Dec 2028 Term Treasury ETF) are both exchange-traded funds - DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index, while IBTI is a Government Bonds fund tracking the ICE 2028 Maturity US Treasury Index. Both are passively managed. Their 0.05 correlation means their historical movements had little consistent relationship. DFND charges 1.50%/yr vs 0.07%/yr for IBTI.
Performance
DFND vs. IBTI - Performance Comparison
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Returns By Period
DFND
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IBTI
- 1D
- -0.05%
- 1M
- 0.02%
- 6M
- 0.44%
- YTD
- 0.62%
- 1Y
- 2.46%
- 3Y*
- 4.20%
- 5Y*
- -0.11%
- 10Y*
- —
- ALL TIME*
- 0.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.62M | $10.68M | $9.14M |
DFND vs. IBTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DFND Siren DIVCON Dividend Defender ETF | 0.00% | 10.37% | 8.48% | 12.13% | -19.59% | 14.80% | 14.86% |
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.62% | 6.15% | 2.52% | 4.65% | -11.32% | -3.50% | 3.97% |
Correlation
The correlation between DFND and IBTI is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.05 |
The correlation between DFND and IBTI shifts across timeframes, from -0.13 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DFND vs. IBTI — Risk / Return Rank
DFND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBTI
DFND vs. IBTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and iShares iBonds Dec 2028 Term Treasury ETF (IBTI). 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 | IBTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.86 | — |
| Martin ratioReturn relative to average drawdown | — | 9.04 | — |
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Drawdowns
DFND vs. IBTI - Drawdown Comparison
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Drawdown Indicators
| DFND | IBTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -18.45% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.18% | — |
Current DrawdownCurrent decline from peak | — | -3.61% | — |
Average DrawdownAverage peak-to-trough decline | — | -8.14% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.35% | — |
Volatility
DFND vs. IBTI - Volatility Comparison
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Volatility by Period
| DFND | IBTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.65% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.97% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.11% | — |
DFND vs. IBTI - Expense Ratio Comparison
DFND has a 1.50% expense ratio, which is higher than IBTI's 0.07% expense ratio.
Dividends
DFND vs. IBTI - Dividend Comparison
DFND has not paid dividends to shareholders, while IBTI's dividend yield for the trailing twelve months is around 3.79%.
| 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% |
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.45% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFND and IBTI 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.
On fees, IBTI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTI is cheaper with a 0.07% expense ratio, compared with 1.50% for DFND.
IBTI has the higher dividend yield at 3.45%, compared with 0.29% for DFND.
DFND is categorized as Large Cap Blend Equities, while IBTI is Government Bonds. DFND tracks Siren DIVCON Dividend Defender Index, while IBTI tracks ICE 2028 Maturity US Treasury Index. They also come from different issuers: SRN Advisors and iShares. Their fees differ too: 1.50% for DFND and 0.07% for IBTI.
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