LEAD vs. VEGN

Last updated Aug 2, 2026

LEAD (Siren DIVCON Leaders Dividend ETF) and VEGN (US Vegan Climate ETF) are both Large Cap Growth Equities funds - LEAD tracks the Siren DIVCON Leaders Dividend Index while VEGN tracks the US Vegan Climate Index. Both are passively managed. Over the past 5 years, LEAD returned 11.12%/yr vs 13.97%/yr for VEGN. Their correlation of 0.88 means they have usually moved in the same direction. LEAD charges 0.43%/yr vs 0.60%/yr for VEGN.

Performance

LEAD vs. VEGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren DIVCON Leaders Dividend ETF (LEAD) and US Vegan Climate ETF (VEGN). 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 lower than VEGN's 23.72% 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%

VEGN

• 1D: 0.28%
• 1M: -3.86%
• 6M: 22.47%
• YTD: 23.72%
• 1Y: 37.13%
• 3Y*: 23.68%
• 5Y*: 13.97%
• 10Y*: —
• ALL TIME*: 18.07%

*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)
VEGN US Vegan Climate ETF	$398.12K	$577.59K	$470.77K

LEAD vs. VEGN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LEAD Siren DIVCON Leaders Dividend ETF	13.06%	15.52%	10.32%	26.25%	-18.16%	29.69%	23.41%	9.38%
VEGN US Vegan Climate ETF	23.72%	13.71%	25.42%	38.10%	-26.87%	26.01%	27.72%	9.45%

Correlation

The correlation between LEAD and VEGN is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019	0.88

The correlation between LEAD and VEGN has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

LEAD vs. VEGN - Sectors Allocation Comparison

Sectors	LEAD	VEGN
Technology	41.5%	63.6%
Industrials	33.3%	4.8%
Financial Services	15.8%	13.1%
Consumer Defensive	4.0%	0.0%
Healthcare	2.1%	3.9%
Consumer Cyclical	1.8%	1.8%
Energy	1.5%	0.0%
Communication Services	0.1%	7.8%
Basic Materials	-	0.5%
Real Estate	-	3.9%
Utilities	-	0.1%

Return for Risk

LEAD vs. VEGN — 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.

VEGN

VEGN Risk / Return Rank: 75
VEGN Sharpe Ratio Rank: 75
VEGN Sortino Ratio Rank: 72
VEGN Omega Ratio Rank: 70
VEGN Calmar Ratio Rank: 79
VEGN Martin Ratio Rank: 76

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. VEGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) and US Vegan Climate ETF (VEGN). 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	VEGN	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.71	-0.50
Sortino ratio: Return per unit of downside risk	1.71	2.32	-0.61
Omega ratio: Gain probability vs. loss probability	1.22	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	2.27	2.84	-0.57
Martin ratio: Return relative to average drawdown	8.28	9.45	-1.17

LEAD vs. VEGN - Sharpe Ratio Comparison

The current LEAD Sharpe Ratio is 1.21, which is comparable to the VEGN Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of LEAD and VEGN, 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. VEGN - Drawdown Comparison

The maximum LEAD drawdown since its inception was -32.19%, smaller than the maximum VEGN drawdown of -34.14%. Use the drawdown chart below to compare losses from any high point for LEAD and VEGN.

Drawdown Indicators

	LEAD	VEGN	Difference
Max Drawdown Largest peak-to-trough decline	-32.19%	-34.14%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-12.25%	+3.60%
Max Drawdown (3Y) Largest decline over 3 years	-17.86%	-20.91%	+3.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-33.40%	+8.47%
Max Drawdown (10Y) Largest decline over 10 years	-32.19%	—	—
Current Drawdown Current decline from peak	-6.25%	-8.77%	+2.52%
Average Drawdown Average peak-to-trough decline	-4.41%	-7.52%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	3.68%	-1.31%

Volatility

LEAD vs. VEGN - Volatility Comparison

The current volatility for Siren DIVCON Leaders Dividend ETF (LEAD) is 6.62%, while US Vegan Climate ETF (VEGN) has a volatility of 7.86%. This indicates that LEAD experiences smaller price fluctuations and is considered to be less risky than VEGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEAD	VEGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	7.86%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	17.87%	-4.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	20.38%	-4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	20.97%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	23.03%	-4.28%

LEAD vs. VEGN - Expense Ratio Comparison

LEAD has a 0.43% expense ratio, which is lower than VEGN's 0.60% expense ratio.

Dividends

LEAD vs. VEGN - Dividend Comparison

LEAD has not paid dividends to shareholders, while VEGN's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VEGN US Vegan Climate ETF	0.52%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LEAD and VEGN in my portfolio?

LEAD and VEGN have a correlation of 0.78, 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 VEGN?

VEGN has higher volatility (7.86%) compared to LEAD (6.62%). In terms of maximum drawdown, LEAD dropped -32.19% vs VEGN's -34.14%.

Which ETF is better, LEAD or VEGN?

On 5-year performance, VEGN leads with 13.97% vs 11.12% for LEAD. On fees, LEAD is cheaper at 0.43% per year. On volatility, LEAD has been the lower-risk option at 6.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEAD or VEGN?

Over the 5-year period, VEGN has performed better with a 13.97% return vs 11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEAD or VEGN?

LEAD is cheaper with a 0.43% expense ratio, compared with 0.60% for VEGN.

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

LEAD has the higher dividend yield at 0.58%, compared with 0.52% for VEGN.

What is the main difference between LEAD and VEGN?

LEAD tracks Siren DIVCON Leaders Dividend Index, while VEGN tracks US Vegan Climate Index. They also come from different issuers: SRN Advisors and Beyond Investing. Their fees differ too: 0.43% for LEAD and 0.60% for VEGN.

Which has better risk-adjusted returns?

VEGN currently has the higher Sharpe Ratio (1.71 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.