EASY vs. DFND

Last updated Jun 24, 2026

EASY (Liberty One Defensive Dividend Growth ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both exchange-traded funds - EASY is a Dividend fund actively managed by Liberty One, while DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. EASY is actively managed, while DFND is passively managed. At a correlation of -0.04, they often move in opposite directions. EASY charges 0.85%/yr vs 1.50%/yr for DFND.

Performance

EASY vs. DFND - Performance Comparison

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

Returns By Period

EASY

• 1D: 1.60%
• 1M: -0.65%
• YTD: 4.86%
• 6M: 4.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -0.25%
• 3Y*: 8.10%
• 5Y*: 4.54%
• 10Y*: 7.15%

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

EASY vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
EASY Liberty One Defensive Dividend Growth ETF	4.86%	0.55%
DFND Siren DIVCON Dividend Defender ETF	0.00%	1.15%

Correlation

The correlation between EASY and DFND 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

EASY vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Defensive Dividend Growth ETF (EASY) and Siren DIVCON Dividend Defender ETF (DFND). 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.

	EASY	DFND	Difference
Sharpe ratio: Return per unit of total volatility	—	0.19	—
Sortino ratio: Return per unit of downside risk	—	0.35	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.60	—
Martin ratio: Return relative to average drawdown	—	1.08	—

Drawdowns

EASY vs. DFND - Drawdown Comparison

The maximum EASY drawdown since its inception was -7.79%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for EASY and DFND.

Drawdown Indicators

	EASY	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-7.79%	-22.65%	+14.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.65%	—
Current Drawdown Current decline from peak	-5.53%	-3.69%	-1.84%
Average Drawdown Average peak-to-trough decline	-2.83%	-5.70%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.72%	—

Volatility

Volatility by Period

	EASY	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	10.88%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.52%	22.44%	-11.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.52%	19.08%	-8.56%

EASY vs. DFND - Expense Ratio Comparison

EASY has a 0.85% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

EASY vs. DFND - Dividend Comparison

EASY's dividend yield for the trailing twelve months is around 0.76%, while DFND has not paid dividends to shareholders.

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%
EASY Liberty One Defensive Dividend Growth ETF	0.76%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EASY and DFND in my portfolio?

EASY and DFND 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, EASY or DFND?

On fees, EASY 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, EASY or DFND?

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

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

EASY has the higher dividend yield at 0.76%, compared with 0.29% for DFND.

What is the main difference between EASY and DFND?

EASY is categorized as Dividend, while DFND is Large Cap Blend Equities. They also come from different issuers: Liberty One and SRN Advisors. Their fees differ too: 0.85% for EASY and 1.50% for DFND.