DFND vs. PSCX

Last updated Apr 2, 2026

Compare and contrast key facts about Siren DIVCON Dividend Defender ETF (DFND) and Pacer Swan SOS Conservative (December) ETF (PSCX).

DFND and PSCX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016. PSCX is an actively managed fund by Pacer. It was launched on Dec 22, 2020.

Performance

DFND vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Dividend Defender ETF (DFND) and Pacer Swan SOS Conservative (December) ETF (PSCX). The values are adjusted to include any dividend payments, if applicable.

DFND vs. PSCX - 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%	1.36%
PSCX Pacer Swan SOS Conservative (December) ETF	-1.63%	12.08%	13.27%	16.57%	-7.35%	9.03%	0.81%

Returns By Period

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 1.11%
• 1Y: 5.63%
• 3Y*: 8.54%
• 5Y*: 4.58%
• 10Y*: 6.81%

PSCX

• 1D: 0.26%
• 1M: -2.11%
• YTD: -1.63%
• 6M: 1.08%
• 1Y: 12.10%
• 3Y*: 11.54%
• 5Y*: 7.35%
• 10Y*: —

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

DFND vs. PSCX - Expense Ratio Comparison

DFND has a 1.50% expense ratio, which is higher than PSCX's 0.75% expense ratio.

DFND

Siren DIVCON Dividend Defender ETF

PSCX

Pacer Swan SOS Conservative (December) ETF

Return for Risk

DFND vs. PSCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFND

DFND Risk / Return Rank: 24
DFND Sharpe Ratio Rank: 22
DFND Sortino Ratio Rank: 23
DFND Omega Ratio Rank: 24
DFND Calmar Ratio Rank: 27
DFND Martin Ratio Rank: 23

PSCX

PSCX Risk / Return Rank: 77
PSCX Sharpe Ratio Rank: 73
PSCX Sortino Ratio Rank: 77
PSCX Omega Ratio Rank: 81
PSCX Calmar Ratio Rank: 70
PSCX Martin Ratio Rank: 82

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. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and Pacer Swan SOS Conservative (December) ETF (PSCX). 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.

	DFND	PSCX	Difference
Sharpe ratio Return per unit of total volatility	0.38	1.38	-1.00
Sortino ratio Return per unit of downside risk	0.69	2.06	-1.37
Omega ratio Gain probability vs. loss probability	1.10	1.33	-0.23
Calmar ratio Return relative to maximum drawdown	0.66	2.00	-1.35
Martin ratio Return relative to average drawdown	1.59	10.18	-8.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFND vs. PSCX - Sharpe Ratio Comparison

The current DFND Sharpe Ratio is 0.38, which is lower than the PSCX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of DFND and PSCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DFND	PSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	1.38	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	1.05	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.11	-0.75

Correlation

The correlation between DFND and PSCX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DFND vs. PSCX - Dividend Comparison

DFND's dividend yield for the trailing twelve months is around 0.62%, while PSCX has not paid dividends to shareholders.

	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%
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DFND vs. PSCX - Drawdown Comparison

The maximum DFND drawdown since its inception was -22.65%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for DFND and PSCX.

Drawdown Indicators

	DFND	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-22.65%	-10.20%	-12.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-6.15%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	-22.65%	-10.20%	-12.45%
Max Drawdown (10Y) Largest decline over 10 years	-22.65%	—	—
Current Drawdown Current decline from peak	-3.69%	-2.58%	-1.11%
Average Drawdown Average peak-to-trough decline	-5.73%	-1.92%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	1.21%	+2.60%

Volatility

DFND vs. PSCX - Volatility Comparison

The current volatility for Siren DIVCON Dividend Defender ETF (DFND) is 0.00%, while Pacer Swan SOS Conservative (December) ETF (PSCX) has a volatility of 2.82%. This indicates that DFND experiences smaller price fluctuations and is considered to be less risky than PSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFND	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	2.82%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	8.52%	4.31%	+4.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	8.83%	+9.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	7.06%	+15.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	7.02%	+12.12%