LEAD vs. DSTL

Last updated Aug 2, 2026

LEAD (Siren DIVCON Leaders Dividend ETF) and DSTL (Distillate U.S. Fundamental Stability & Value ETF) are both exchange-traded funds - LEAD is a Large Cap Growth Equities fund tracking the Siren DIVCON Leaders Dividend Index, while DSTL is a Large Cap Value Equities fund actively managed by Distillate. LEAD is passively managed, while DSTL is actively managed. Over the past 5 years, LEAD returned 11.12%/yr vs 10.39%/yr for DSTL. Their correlation of 0.86 means they have usually moved in the same direction. LEAD charges 0.43%/yr vs 0.39%/yr for DSTL.

Performance

LEAD vs. DSTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Leaders Dividend ETF (LEAD) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEAD achieves a 13.06% return, which is significantly higher than DSTL's 11.38% return.

LEAD

• 1D: 0.00%
• 1M: -1.57%
• 6M: 8.09%
• YTD: 13.06%
• 1Y: 19.57%
• 3Y*: 15.45%
• 5Y*: 11.12%
• 10Y*: 14.17%
• ALL TIME*: 14.29%

DSTL

• 1D: -0.37%
• 1M: 5.06%
• 6M: 9.47%
• YTD: 11.38%
• 1Y: 21.28%
• 3Y*: 13.05%
• 5Y*: 10.39%
• 10Y*: —
• ALL TIME*: 14.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DSTL Distillate U.S. Fundamental Stability & Value ETF	$4.23M	$3.71M	$4.59M

LEAD vs. DSTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LEAD Siren DIVCON Leaders Dividend ETF	13.06%	15.52%	10.32%	26.25%	-18.16%	29.69%	23.41%	33.75%	-6.65%
DSTL Distillate U.S. Fundamental Stability & Value ETF	11.38%	8.71%	12.78%	22.71%	-10.64%	28.87%	19.31%	35.49%	-8.42%

Correlation

The correlation between LEAD and DSTL is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.86

Over the past year, the correlation between LEAD and DSTL has dropped to 0.43 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

LEAD vs. DSTL - Sectors Allocation Comparison

Sectors	LEAD	DSTL
Technology	41.5%	28.6%
Industrials	33.3%	13.4%
Financial Services	15.8%	7.5%
Consumer Defensive	4.0%	2.8%
Healthcare	2.1%	22.6%
Consumer Cyclical	1.8%	12.4%
Energy	1.5%	5.3%
Communication Services	0.1%	6.0%
Basic Materials	-	0.6%
Real Estate	-	-
Utilities	-	1.0%

Return for Risk

LEAD vs. DSTL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LEAD

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

DSTL

DSTL Risk / Return Rank: 68
DSTL Sharpe Ratio Rank: 68
DSTL Sortino Ratio Rank: 74
DSTL Omega Ratio Rank: 65
DSTL Calmar Ratio Rank: 71
DSTL Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LEAD vs. DSTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). 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.

	LEAD	DSTL	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.55	-0.34
Sortino ratio: Return per unit of downside risk	1.71	2.37	-0.66
Omega ratio: Gain probability vs. loss probability	1.22	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	2.27	2.47	-0.20
Martin ratio: Return relative to average drawdown	8.28	7.12	+1.16

LEAD vs. DSTL - Sharpe Ratio Comparison

The current LEAD Sharpe Ratio is 1.21, which is comparable to the DSTL Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LEAD and DSTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LEAD vs. DSTL - Drawdown Comparison

The maximum LEAD drawdown since its inception was -32.19%, roughly equal to the maximum DSTL drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for LEAD and DSTL.

Drawdown Indicators

	LEAD	DSTL	Difference
Max Drawdown Largest peak-to-trough decline	-32.19%	-33.09%	+0.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-8.30%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-17.86%	-16.92%	-0.94%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-20.10%	-4.83%
Max Drawdown (10Y) Largest decline over 10 years	-32.19%	—	—
Current Drawdown Current decline from peak	-6.25%	-2.50%	-3.75%
Average Drawdown Average peak-to-trough decline	-4.41%	-4.11%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.88%	-0.51%

Volatility

LEAD vs. DSTL - Volatility Comparison

Siren DIVCON Leaders Dividend ETF (LEAD) and Distillate U.S. Fundamental Stability & Value ETF (DSTL) have volatilities of 6.62% and 6.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEAD	DSTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	6.39%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	10.59%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	13.36%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	16.00%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	19.39%	-0.64%

LEAD vs. DSTL - Expense Ratio Comparison

LEAD has a 0.43% expense ratio, which is higher than DSTL's 0.39% expense ratio.

Dividends

LEAD vs. DSTL - Dividend Comparison

LEAD has not paid dividends to shareholders, while DSTL's dividend yield for the trailing twelve months is around 1.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.13%	1.31%	1.34%	1.30%	1.35%	1.01%	0.83%	0.97%	0.00%	0.00%	0.00%
LEAD Siren DIVCON Leaders Dividend ETF	0.58%	0.70%	0.93%	1.13%	1.27%	1.79%	0.81%	1.32%	1.38%	0.97%	1.38%

Frequently Asked Questions

Can I hold both LEAD and DSTL in my portfolio?

LEAD and DSTL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEAD or DSTL?

LEAD has higher volatility (6.62%) compared to DSTL (6.39%). In terms of maximum drawdown, LEAD dropped -32.19% vs DSTL's -33.09%.

Which ETF is better, LEAD or DSTL?

On 5-year performance, LEAD leads with 11.12% vs 10.39% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, DSTL has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEAD or DSTL?

Over the 5-year period, LEAD has performed better with a 11.12% return vs 10.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEAD or DSTL?

DSTL is cheaper with a 0.39% expense ratio, compared with 0.43% for LEAD.

Which ETF pays a higher dividend yield, LEAD or DSTL?

DSTL has the higher dividend yield at 1.13%, compared with 0.58% for LEAD.

What is the main difference between LEAD and DSTL?

LEAD is categorized as Large Cap Growth Equities, while DSTL is Large Cap Value Equities. They also come from different issuers: SRN Advisors and Distillate. Their fees differ too: 0.43% for LEAD and 0.39% for DSTL.

Which has better risk-adjusted returns?

DSTL currently has the higher Sharpe Ratio (1.55 vs 1.21), 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.