FDRS vs. DFND

Last updated Jul 17, 2026

FDRS (Founder-Led ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds - FDRS tracks the Founder Led Index while DFND tracks the Siren DIVCON Dividend Defender Index. Both are passively managed. FDRS charges 0.49%/yr vs 1.50%/yr for DFND.

Performance

FDRS vs. DFND - Performance Comparison

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

Returns By Period

FDRS

• 1D: -2.05%
• 1M: -1.76%
• 6M: -2.91%
• YTD: -4.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

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

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

FDRS vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	-4.25%	-1.34%
DFND Siren DIVCON Dividend Defender ETF	0.00%	0.00%

Return for Risk

FDRS vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	FDRS	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	—	—
Current Drawdown Current decline from peak	-8.81%	—	—
Average Drawdown Average peak-to-trough decline	-9.31%	—	—

Volatility

Volatility by Period

	FDRS	DFND	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.23%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.23%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.23%	—	—

FDRS vs. DFND - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

FDRS vs. DFND - Dividend Comparison

Neither FDRS nor DFND has 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%
FDRS Founder-Led ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FDRS or DFND?

On fees, FDRS is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRS or DFND?

FDRS is cheaper with a 0.49% expense ratio, compared with 1.50% for DFND.

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

DFND has the higher dividend yield at 0.29%, compared with 0.00% for FDRS.

What is the main difference between FDRS and DFND?

FDRS tracks Founder Led Index, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: Corgi Strategies and SRN Advisors. Their fees differ too: 0.49% for FDRS and 1.50% for DFND.