NELS vs. DFND

Last updated Jul 11, 2026

NELS (Nelson Select ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. NELS is actively managed, while DFND is passively managed. At a 0.05 correlation, their price movements are largely independent. NELS charges 1.69%/yr vs 1.50%/yr for DFND.

Performance

NELS vs. DFND - Performance Comparison

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

Returns By Period

NELS

• 1D: 0.36%
• 1M: 1.82%
• 6M: 10.03%
• YTD: 12.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

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

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

NELS vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
NELS Nelson Select ETF	12.19%	1.83%
DFND Siren DIVCON Dividend Defender ETF	0.00%	0.52%

Correlation

The correlation between NELS and DFND is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.05

Return for Risk

NELS vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nelson Select ETF (NELS) 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.

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

Drawdowns

Drawdown Indicators

	NELS	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-9.30%	—	—
Current Drawdown Current decline from peak	-0.49%	—	—
Average Drawdown Average peak-to-trough decline	-1.66%	—	—

Volatility

Volatility by Period

	NELS	DFND	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.40%	—	—

NELS vs. DFND - Expense Ratio Comparison

NELS has a 1.69% expense ratio, which is higher than DFND's 1.50% expense ratio.

Dividends

NELS vs. DFND - Dividend Comparison

Neither NELS 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%
NELS Nelson Select ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NELS and DFND in my portfolio?

NELS and DFND have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NELS or DFND?

On fees, DFND is cheaper at 1.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NELS or DFND?

DFND is cheaper with a 1.50% expense ratio, compared with 1.69% for NELS.

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

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

What is the main difference between NELS and DFND?

They also come from different issuers: Nelson Capital Management and SRN Advisors. Their fees differ too: 1.69% for NELS and 1.50% for DFND.