FDRS vs. DFND

Last updated Jun 5, 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: 1.06%
• 1M: 10.17%
• YTD: 1.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.06%
• 1Y: 1.01%
• 3Y*: 8.09%
• 5Y*: 4.54%
• 10Y*: 7.15%

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

FDRS vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	1.52%	-1.10%
DFND Siren DIVCON Dividend Defender ETF	0.00%	0.00%

Return for Risk

FDRS vs. DFND — Risk / Return Rank

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

DFND

DFND Risk / Return Rank: 11
DFND Sharpe Ratio Rank: 11
DFND Sortino Ratio Rank: 10
DFND Omega Ratio Rank: 11
DFND Calmar Ratio Rank: 13
DFND Martin Ratio Rank: 12

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.

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.

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

Sharpe Ratios by Period

	FDRS	DFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.36	-0.32

Drawdowns

FDRS vs. DFND - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.64%, roughly equal to the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for FDRS and DFND.

Drawdown Indicators

	FDRS	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-22.65%	+1.01%
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	-3.31%	-3.69%	+0.38%
Average Drawdown Average peak-to-trough decline	-9.35%	-5.70%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.71%	—

Volatility

Volatility by Period

	FDRS	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	10.92%	+17.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	22.45%	+5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.36%	19.08%	+9.28%

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

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

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%
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 0.62%, 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.