GXLC vs. DFND

Last updated Jul 17, 2026

GXLC (Global X U.S. 500 ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds - GXLC tracks the Solactive GBS United States 500 Index while DFND tracks the Siren DIVCON Dividend Defender Index. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. GXLC charges 0.02%/yr vs 1.50%/yr for DFND.

Performance

GXLC vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 ETF (GXLC) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GXLC

• 1D: -0.62%
• 1M: 0.15%
• 6M: 9.05%
• YTD: 10.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

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

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

GXLC vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
GXLC Global X U.S. 500 ETF	10.49%	3.22%
DFND Siren DIVCON Dividend Defender ETF	0.00%	-0.14%

Correlation

The correlation between GXLC and DFND is 0.03, 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 24, 2025	0.03

Return for Risk

GXLC vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 ETF (GXLC) 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

	GXLC	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-9.08%	—	—
Current Drawdown Current decline from peak	-1.09%	—	—
Average Drawdown Average peak-to-trough decline	-1.54%	—	—

Volatility

Volatility by Period

	GXLC	DFND	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.53%	—	—

GXLC vs. DFND - Expense Ratio Comparison

GXLC has a 0.02% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

GXLC vs. DFND - Dividend Comparison

GXLC's dividend yield for the trailing twelve months is around 0.63%, 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%
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXLC and DFND in my portfolio?

GXLC and DFND have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXLC or DFND?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXLC or DFND?

GXLC is cheaper with a 0.02% expense ratio, compared with 1.50% for DFND.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.29% for DFND.

What is the main difference between GXLC and DFND?

GXLC tracks Solactive GBS United States 500 Index, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: Global X and SRN Advisors. Their fees differ too: 0.02% for GXLC and 1.50% for DFND.