ESUM vs. DFND
ESUM (Eventide US Market ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. ESUM is actively managed, while DFND is passively managed. At a 0.04 correlation, their price movements are largely independent. ESUM charges 0.39%/yr vs 1.50%/yr for DFND.
Performance
ESUM vs. DFND - Performance Comparison
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Returns By Period
ESUM
- 1D
- -1.52%
- 1M
- 1.74%
- YTD
- 10.69%
- 6M
- 9.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
ESUM vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESUM Eventide US Market ETF | 10.69% | 0.82% |
DFND Siren DIVCON Dividend Defender ETF | 0.00% | -0.59% |
Correlation
The correlation between ESUM 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 Aug 29, 2025 | 0.04 |
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Return for Risk
ESUM vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide US Market ETF (ESUM) 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.
| ESUM | DFND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.60 | — |
| Martin ratioReturn relative to average drawdown | — | 1.08 | — |
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Drawdowns
ESUM vs. DFND - Drawdown Comparison
The maximum ESUM drawdown since its inception was -8.13%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for ESUM and DFND.
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Drawdown Indicators
| ESUM | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.13% | -22.65% | +14.52% |
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 DrawdownCurrent decline from peak | -1.98% | -3.69% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -5.70% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.72% | — |
Volatility
ESUM vs. DFND - Volatility Comparison
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Volatility by Period
| ESUM | 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 | 14.34% | 10.88% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 22.44% | -8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 19.08% | -4.74% |
ESUM vs. DFND - Expense Ratio Comparison
ESUM has a 0.39% expense ratio, which is lower than DFND's 1.50% expense ratio.
Dividends
ESUM vs. DFND - Dividend Comparison
ESUM's dividend yield for the trailing twelve months is around 0.58%, 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 | 0.62% | 1.10% | 1.64% | 1.84% | 0.29% | 0.00% | 0.00% | 0.77% | 0.53% | 0.02% |
ESUM Eventide US Market ETF | 0.58% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESUM 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.
On fees, ESUM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESUM is cheaper with a 0.39% expense ratio, compared with 1.50% for DFND.
DFND has the higher dividend yield at 0.62%, compared with 0.58% for ESUM.
They also come from different issuers: Eventide and SRN Advisors. Their fees differ too: 0.39% for ESUM and 1.50% for DFND.
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