HTUS vs. DFND
HTUS (Hull Tactical US ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both exchange-traded funds - HTUS is a Long-Short fund actively managed by Exchange Traded Concepts, while DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. HTUS is actively managed, while DFND is passively managed. Over the past 10 years, HTUS returned 12.34%/yr vs 7.15%/yr for DFND. At a 0.38 correlation, their price movements are largely independent. HTUS charges 0.97%/yr vs 1.50%/yr for DFND.
Performance
HTUS vs. DFND - Performance Comparison
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Returns By Period
Over the past 10 years, HTUS has outperformed DFND with an annualized return of 12.34%, while DFND has yielded a comparatively lower 7.15% annualized return.
HTUS
- 1D
- -0.50%
- 1M
- 0.21%
- YTD
- 10.28%
- 6M
- 10.25%
- 1Y
- 27.09%
- 3Y*
- 20.84%
- 5Y*
- 15.01%
- 10Y*
- 12.34%
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.16%
- 3Y*
- 8.10%
- 5Y*
- 4.54%
- 10Y*
- 7.15%
HTUS vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 10.28% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
DFND Siren DIVCON Dividend Defender ETF | 0.00% | 10.37% | 8.48% | 12.13% | -19.59% | 14.80% | 16.12% | 19.53% | -1.83% | 16.33% |
Correlation
The correlation between HTUS and DFND is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016 | 0.38 |
Over the past year, the correlation between HTUS and DFND has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
HTUS vs. DFND — Risk / Return Rank
HTUS
DFND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HTUS vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) 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.
| HTUS | DFND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.05 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 0.60 | +2.53 |
| Martin ratioReturn relative to average drawdown | 15.60 | 1.08 | +14.52 |
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Drawdowns
HTUS vs. DFND - Drawdown Comparison
The maximum HTUS drawdown since its inception was -47.50%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for HTUS and DFND.
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Drawdown Indicators
| HTUS | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -22.65% | -24.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -3.44% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -12.56% | -11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | -22.65% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | -22.65% | -24.85% |
Current DrawdownCurrent decline from peak | -1.49% | -3.69% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -5.70% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 3.72% | -1.98% |
Volatility
HTUS vs. DFND - Volatility Comparison
Hull Tactical US ETF (HTUS) has a higher volatility of 3.89% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that HTUS's price experiences larger fluctuations and is considered to be riskier than DFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTUS | DFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 0.00% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 6.10% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 10.88% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 22.44% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 19.08% | +2.41% |
HTUS vs. DFND - Expense Ratio Comparison
HTUS has a 0.97% expense ratio, which is lower than DFND's 1.50% expense ratio.
Dividends
HTUS vs. DFND - Dividend Comparison
HTUS's dividend yield for the trailing twelve months is around 10.78%, while DFND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
HTUS Hull Tactical US ETF | 10.78% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% |
Frequently Asked Questions
HTUS and DFND have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTUS has higher volatility (3.89%) compared to DFND (0.00%). In terms of maximum drawdown, HTUS dropped -47.50% vs DFND's -22.65%.
On 10-year performance, HTUS leads with 12.34% vs 7.15% for DFND. On fees, HTUS is cheaper at 0.97% per year. On volatility, DFND has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HTUS has performed better with a 12.34% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HTUS is cheaper with a 0.97% expense ratio, compared with 1.50% for DFND.
HTUS has the higher dividend yield at 10.78%, compared with 0.62% for DFND.
HTUS is categorized as Long-Short, while DFND is Large Cap Blend Equities. They also come from different issuers: Exchange Traded Concepts and SRN Advisors. Their fees differ too: 0.97% for HTUS and 1.50% for DFND.
HTUS currently has the higher Sharpe Ratio (2.27 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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