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IYY vs. DFND
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. DFND

Last updated Jun 4, 2026

IYY (iShares Dow Jones U.S. ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds - IYY tracks the Dow Jones U.S. Index while DFND tracks the Siren DIVCON Dividend Defender Index. Both are passively managed. Over the past 10 years, IYY returned 15.01%/yr vs 7.16%/yr for DFND. A 0.51 correlation means they provide meaningful diversification when combined. IYY charges 0.20%/yr vs 1.50%/yr for DFND.

Performance

IYY vs. DFND - Performance Comparison

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

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Returns By Period

Over the past 10 years, IYY has outperformed DFND with an annualized return of 15.01%, while DFND has yielded a comparatively lower 7.16% annualized return.

IYY

1D
-0.73%
1M
5.06%
YTD
10.92%
6M
10.83%
1Y
27.47%
3Y*
22.10%
5Y*
12.92%
10Y*
15.01%

DFND

1D
0.00%
1M
0.00%
YTD
0.00%
6M
-1.09%
1Y
0.20%
3Y*
7.91%
5Y*
4.54%
10Y*
7.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYY vs. DFND - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		10.92%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%
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 IYY and DFND is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Jan 15, 2016

0.51

Over the past year, the correlation between IYY and DFND has dropped to 0.15 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

IYY vs. DFND - Sectors Allocation Comparison

Sectors
IYY
DFND

Technology

34.8%
24.8%

Financial Services

12.0%
18.2%

Communication Services

10.7%
0.8%

Consumer Cyclical

10.2%
3.5%

Industrials

9.0%
17.1%

Healthcare

8.6%
10.7%

Consumer Defensive

4.8%
4.2%

Energy

3.6%
1.7%

Utilities

2.3%

-

Real Estate

2.2%
2.0%

Basic Materials

2.0%
4.3%

Technology

IYY
34.8%
DFND
24.8%

Financial Services

IYY
12.0%
DFND
18.2%

Communication Services

IYY
10.7%
DFND
0.8%

Consumer Cyclical

IYY
10.2%
DFND
3.5%

Industrials

IYY
9.0%
DFND
17.1%

Healthcare

IYY
8.6%
DFND
10.7%

Consumer Defensive

IYY
4.8%
DFND
4.2%

Energy

IYY
3.6%
DFND
1.7%

Utilities

IYY
2.3%
DFND

-

Real Estate

IYY
2.2%
DFND
2.0%

Basic Materials

IYY
2.0%
DFND
4.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Dow Jones U.S. ETF

Siren DIVCON Dividend Defender ETF

Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB
Often compared with DFND:
DFND vs. DFNG.LDFND vs. ITADFND vs. CLSEDFND vs. QAIDFND vs. 2B7C.DEDFND vs. HTUSDFND vs. VOO

Return for Risk

IYY vs. DFND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYY
IYY Risk / Return Rank: 6868
Overall Rank
IYY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6868
Sortino Ratio Rank
IYY Omega Ratio Rank: 6868
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7474
Martin Ratio Rank
DFND
DFND Risk / Return Rank: 99
Overall Rank
DFND Sharpe Ratio Rank: 99
Sharpe Ratio Rank
DFND Sortino Ratio Rank: 88
Sortino Ratio Rank
DFND Omega Ratio Rank: 88
Omega Ratio Rank
DFND Calmar Ratio Rank: 99
Calmar Ratio Rank
DFND Martin Ratio Rank: 99
Martin Ratio Rank
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.

IYY vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.

IYYDFNDDifference
Sharpe ratioReturn per unit of total volatility
2.30
0.02

+2.28

Sortino ratioReturn per unit of downside risk
3.16
0.11

+3.05

Omega ratioGain probability vs. loss probability

1.42

1.02

+0.40

Calmar ratioReturn relative to maximum drawdown

3.09

0.07

+3.02

Martin ratioReturn relative to average drawdown

14.19

0.13

+14.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYY vs. DFND - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 2.30, which is higher than the DFND Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of IYY and DFND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IYYDFNDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

0.02

+2.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.21

+0.55

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.38

+0.45

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.36

+0.09

Drawdowns

IYY vs. DFND - Drawdown Comparison

The maximum IYY drawdown since its inception was -55.17%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for IYY and DFND.

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Drawdown Indicators

IYYDFNDDifference

Max Drawdown

Largest peak-to-trough decline

-55.17%

-22.65%

-32.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-3.44%

-5.50%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-12.56%

-6.50%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-22.65%

-2.81%

Max Drawdown (10Y)

Largest decline over 10 years

-34.90%

-22.65%

-12.25%

Current Drawdown

Current decline from peak

-0.73%

-3.69%

+2.96%

Average Drawdown

Average peak-to-trough decline

-10.84%

-5.70%

-5.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

3.70%

-1.76%

Volatility

IYY vs. DFND - Volatility Comparison

iShares Dow Jones U.S. ETF (IYY) has a higher volatility of 2.93% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that IYY'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

IYYDFNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

0.00%

+2.93%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

6.16%

+2.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

10.92%

+1.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

22.46%

-5.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

19.09%

-0.93%

IYY vs. DFND - Expense Ratio Comparison

IYY has a 0.20% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

IYY vs. DFND - Dividend Comparison

IYY's dividend yield for the trailing twelve months is around 0.87%, more than DFND's 0.62% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
IYY
iShares Dow Jones U.S. ETF		0.87%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%

Frequently Asked Questions

IYY and DFND have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYY has higher volatility (2.93%) compared to DFND (0.00%). In terms of maximum drawdown, IYY dropped -55.17% vs DFND's -22.65%.

On 10-year performance, IYY leads with 15.01% vs 7.16% for DFND. On fees, IYY is cheaper at 0.20% 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, IYY has performed better with a 15.01% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYY is cheaper with a 0.20% expense ratio, compared with 1.50% for DFND.

IYY has the higher dividend yield at 0.87%, compared with 0.62% for DFND.

IYY tracks Dow Jones U.S. Index, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: iShares and SRN Advisors. Their fees differ too: 0.20% for IYY and 1.50% for DFND.

IYY currently has the higher Sharpe Ratio (2.30 vs 0.02), 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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