DFND vs. SPCT

Last updated Jul 17, 2026

DFND (Siren DIVCON Dividend Defender ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. DFND is passively managed, while SPCT is actively managed. At a correlation of -0.04, they often move in opposite directions. DFND charges 1.50%/yr vs 0.85%/yr for SPCT.

Performance

DFND vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Dividend Defender ETF (DFND) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFND

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

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFND vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
DFND Siren DIVCON Dividend Defender ETF	0.00%	1.15%
SPCT Liberty One Spectrum ETF	9.92%	1.93%

Correlation

The correlation between DFND and SPCT is -0.04, 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 30, 2025	-0.04

Return for Risk

DFND vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Dividend Defender ETF (DFND) and Liberty One Spectrum ETF (SPCT). 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	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	—	-7.17%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-1.49%	—

Volatility

Volatility by Period

	DFND	SPCT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	9.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.27%	—

DFND vs. SPCT - Expense Ratio Comparison

DFND has a 1.50% expense ratio, which is higher than SPCT's 0.85% expense ratio.

Dividends

DFND vs. SPCT - Dividend Comparison

DFND has not paid dividends to shareholders, while SPCT's dividend yield for the trailing twelve months is around 0.73%.

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%
SPCT Liberty One Spectrum ETF	0.73%	0.16%	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 SPCT in my portfolio?

DFND and SPCT have a correlation of -0.04, 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 SPCT?

On fees, SPCT is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFND or SPCT?

SPCT is cheaper with a 0.85% expense ratio, compared with 1.50% for DFND.

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

SPCT has the higher dividend yield at 0.73%, compared with 0.29% for DFND.

What is the main difference between DFND and SPCT?

They also come from different issuers: SRN Advisors and Liberty One. Their fees differ too: 1.50% for DFND and 0.85% for SPCT.