LEAD vs. DFND
Compare and contrast key facts about Siren DIVCON Leaders Dividend ETF (LEAD) and Siren DIVCON Dividend Defender ETF (DFND).
LEAD and DFND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEAD is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Leaders Dividend Index. It was launched on Jan 6, 2016. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016. Both LEAD and DFND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LEAD vs. DFND - Performance Comparison
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LEAD vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEAD Siren DIVCON Leaders Dividend ETF | 0.76% | 15.52% | 10.32% | 26.25% | -18.16% | 29.69% | 23.41% | 33.75% | -6.63% | 24.89% |
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% |
Returns By Period
Over the past 10 years, LEAD has outperformed DFND with an annualized return of 13.14%, while DFND has yielded a comparatively lower 6.81% annualized return.
LEAD
- 1D
- 2.93%
- 1M
- -5.30%
- YTD
- 0.76%
- 6M
- 1.13%
- 1Y
- 19.19%
- 3Y*
- 14.10%
- 5Y*
- 10.07%
- 10Y*
- 13.14%
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 1.22%
- 1Y
- 6.91%
- 3Y*
- 8.54%
- 5Y*
- 4.58%
- 10Y*
- 6.81%
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LEAD vs. DFND - Expense Ratio Comparison
LEAD has a 0.43% expense ratio, which is lower than DFND's 1.50% expense ratio.
Return for Risk
LEAD vs. DFND — Risk / Return Rank
LEAD
DFND
LEAD vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) 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.
| LEAD | DFND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.46 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.57 | 0.81 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.05 | +1.90 |
Martin ratioReturn relative to average drawdown | 8.30 | -0.12 | +8.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LEAD | DFND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.46 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.21 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.36 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.36 | +0.37 |
Correlation
The correlation between LEAD and DFND is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LEAD vs. DFND - Dividend Comparison
LEAD's dividend yield for the trailing twelve months is around 0.66%, more than DFND's 0.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LEAD Siren DIVCON Leaders Dividend ETF | 0.66% | 0.70% | 0.93% | 1.13% | 1.27% | 1.79% | 0.81% | 1.32% | 1.38% | 0.97% | 1.38% |
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% |
Drawdowns
LEAD vs. DFND - Drawdown Comparison
The maximum LEAD drawdown since its inception was -32.19%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for LEAD and DFND.
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Drawdown Indicators
| LEAD | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -22.65% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -7.48% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -22.65% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.19% | -22.65% | -9.54% |
Current DrawdownCurrent decline from peak | -5.97% | -3.69% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -5.73% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 3.80% | -1.37% |
Volatility
LEAD vs. DFND - Volatility Comparison
Siren DIVCON Leaders Dividend ETF (LEAD) has a higher volatility of 5.87% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that LEAD'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
| LEAD | DFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 0.00% | +5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 8.52% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 17.95% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 22.58% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 19.15% | -0.55% |