LOHA vs. DFND

Last updated Jun 26, 2026

LOHA (Roundhill HALO ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds - LOHA tracks the Akros U.S. Heavy Assets Low Obsolescence (HALO) Index while DFND tracks the Siren DIVCON Dividend Defender Index. Both are passively managed. LOHA charges 0.35%/yr vs 1.50%/yr for DFND.

Performance

LOHA vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HALO ETF (LOHA) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LOHA

• 1D: 1.56%
• 1M: 2.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 1.03%
• 3Y*: 8.10%
• 5Y*: 4.54%
• 10Y*: 7.15%

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

LOHA vs. DFND - Yearly Performance Comparison

	2026 (YTD)
LOHA Roundhill HALO ETF	2.99%
DFND Siren DIVCON Dividend Defender ETF	0.00%

Return for Risk

LOHA vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HALO ETF (LOHA) 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.

	LOHA	DFND	Difference
Sharpe ratio: Return per unit of total volatility	—	0.19	—
Sortino ratio: Return per unit of downside risk	—	0.35	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.60	—
Martin ratio: Return relative to average drawdown	—	1.08	—

Drawdowns

LOHA vs. DFND - Drawdown Comparison

The maximum LOHA drawdown since its inception was -2.48%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for LOHA and DFND.

Drawdown Indicators

	LOHA	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-2.48%	-22.65%	+20.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.65%	—
Current Drawdown Current decline from peak	0.00%	-3.69%	+3.69%
Average Drawdown Average peak-to-trough decline	-0.90%	-5.70%	+4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.72%	—

Volatility

Volatility by Period

	LOHA	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	10.88%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	22.44%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	19.08%	-3.99%

LOHA vs. DFND - Expense Ratio Comparison

LOHA has a 0.35% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

LOHA vs. DFND - Dividend Comparison

Neither LOHA nor DFND has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFND Siren DIVCON Dividend Defender ETF	0.29%	1.10%	1.64%	1.84%	0.29%	0.00%	0.00%	0.77%	0.53%	0.02%
LOHA Roundhill HALO ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, LOHA or DFND?

On fees, LOHA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOHA or DFND?

LOHA is cheaper with a 0.35% expense ratio, compared with 1.50% for DFND.

Which ETF pays a higher dividend yield, LOHA or DFND?

DFND has the higher dividend yield at 0.29%, compared with 0.00% for LOHA.

What is the main difference between LOHA and DFND?

LOHA tracks Akros U.S. Heavy Assets Low Obsolescence (HALO) Index, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: Roundhill and SRN Advisors. Their fees differ too: 0.35% for LOHA and 1.50% for DFND.