DFND vs. ITOT

Last updated Jun 24, 2026

DFND (Siren DIVCON Dividend Defender ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - DFND tracks the Siren DIVCON Dividend Defender Index while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past 10 years, DFND returned 7.15%/yr vs 15.11%/yr for ITOT. A 0.50 correlation means they provide meaningful diversification when combined. DFND charges 1.50%/yr vs 0.03%/yr for ITOT.

Performance

DFND vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Dividend Defender ETF (DFND) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, DFND has underperformed ITOT with an annualized return of 7.15%, while ITOT has yielded a comparatively higher 15.11% annualized return.

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 2.18%
• 3Y*: 8.10%
• 5Y*: 4.54%
• 10Y*: 7.15%

ITOT

• 1D: -1.30%
• 1M: -0.81%
• YTD: 8.94%
• 6M: 7.85%
• 1Y: 24.26%
• 3Y*: 20.67%
• 5Y*: 11.93%
• 10Y*: 15.11%

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

DFND vs. ITOT - 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%
ITOT iShares Core S&P Total U.S. Stock Market ETF	8.94%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Correlation

The correlation between DFND and ITOT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016	0.50

Over the past year, the correlation between DFND and ITOT has dropped to 0.14 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

DFND vs. ITOT - Sectors Allocation Comparison

Sectors	DFND	ITOT
Technology	24.8%	37.2%
Financial Services	18.2%	11.4%
Industrials	17.1%	9.1%
Healthcare	10.7%	8.8%
Basic Materials	4.3%	2.0%
Consumer Defensive	4.2%	4.3%
Consumer Cyclical	3.5%	9.8%
Real Estate	2.0%	2.3%
Energy	1.7%	3.3%
Communication Services	0.8%	9.8%
Utilities	-	2.1%

Return for Risk

DFND vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

ITOT

ITOT Risk / Return Rank: 59
ITOT Sharpe Ratio Rank: 59
ITOT Sortino Ratio Rank: 56
ITOT Omega Ratio Rank: 57
ITOT Calmar Ratio Rank: 57
ITOT Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFND vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	0.19	1.90	-1.71
Sortino ratio: Return per unit of downside risk	0.35	2.59	-2.24
Omega ratio: Gain probability vs. loss probability	1.05	1.34	-0.29
Calmar ratio: Return relative to maximum drawdown	0.60	2.74	-2.14
Martin ratio: Return relative to average drawdown	1.08	12.14	-11.06

DFND vs. ITOT - Sharpe Ratio Comparison

The current DFND Sharpe Ratio is 0.19, which is lower than the ITOT Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of DFND and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFND vs. ITOT - Drawdown Comparison

The maximum DFND drawdown since its inception was -22.65%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for DFND and ITOT.

Drawdown Indicators

	DFND	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-22.65%	-55.20%	+32.55%
Max Drawdown (1Y) Largest decline over 1 year	-3.44%	-8.90%	+5.46%
Max Drawdown (3Y) Largest decline over 3 years	-12.56%	-19.44%	+6.88%
Max Drawdown (5Y) Largest decline over 5 years	-22.65%	-25.36%	+2.71%
Max Drawdown (10Y) Largest decline over 10 years	-22.65%	-35.00%	+12.35%
Current Drawdown Current decline from peak	-3.69%	-2.79%	-0.90%
Average Drawdown Average peak-to-trough decline	-5.70%	-6.96%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	2.00%	+1.72%

Volatility

DFND vs. ITOT - Volatility Comparison

The current volatility for Siren DIVCON Dividend Defender ETF (DFND) is 0.00%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.96%. This indicates that DFND experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFND	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.96%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	6.10%	10.06%	-3.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	12.85%	-1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	17.46%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	18.28%	+0.80%

DFND vs. ITOT - Expense Ratio Comparison

DFND has a 1.50% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

DFND vs. ITOT - Dividend Comparison

DFND has not paid dividends to shareholders, while ITOT's dividend yield for the trailing twelve months is around 1.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.02%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both DFND and ITOT in my portfolio?

DFND and ITOT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFND or ITOT?

ITOT has higher volatility (4.96%) compared to DFND (0.00%). In terms of maximum drawdown, DFND dropped -22.65% vs ITOT's -55.20%.

Which ETF is better, DFND or ITOT?

On 10-year performance, ITOT leads with 15.11% vs 7.15% for DFND. On fees, ITOT is cheaper at 0.03% 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.

Which ETF has performed better, DFND or ITOT?

Over the 10-year period, ITOT has performed better with a 15.11% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFND or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 1.50% for DFND.

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

ITOT has the higher dividend yield at 1.02%, compared with 0.62% for DFND.

What is the main difference between DFND and ITOT?

DFND tracks Siren DIVCON Dividend Defender Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: SRN Advisors and iShares. Their fees differ too: 1.50% for DFND and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (1.90 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.