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NOK vs. DFND
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NOK vs. DFND

Last updated Jun 16, 2026

NOK (Nokia Corporation) is a stock, while DFND (Siren DIVCON Dividend Defender ETF) is Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. Over the past 10 years, NOK returned 12.76%/yr vs 7.15%/yr for DFND. At a 0.30 correlation, their price movements are largely independent.

Performance

NOK vs. DFND - Performance Comparison

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

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Returns By Period

Over the past 10 years, NOK has outperformed DFND with an annualized return of 12.76%, while DFND has yielded a comparatively lower 7.15% annualized return.

NOK

1D
0.14%
1M
6.24%
YTD
131.30%
6M
141.38%
1Y
193.14%
3Y*
56.26%
5Y*
26.26%
10Y*
12.76%

DFND

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
1.72%
3Y*
8.10%
5Y*
4.54%
10Y*
7.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NOK vs. DFND - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NOK
Nokia Corporation		131.30%50.85%34.33%-23.97%-24.44%59.08%5.39%-34.91%30.04%-0.22%
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%

Correlation

The correlation between NOK and DFND is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2016

0.30

The correlation between NOK and DFND shifts across timeframes, from 0.15 (3 years) to 0.30 (10 years), reflecting how their relationship changes across market environments.

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Nokia Corporation

Siren DIVCON Dividend Defender ETF

Often compared with NOK:
NOK vs. ERICNOK vs. LUMNNOK vs. MSFTNOK vs. CAP.PANOK vs. VOONOK vs. NOKIA.HENOK vs. UAA
Often compared with DFND:
DFND vs. DFNG.LDFND vs. ITADFND vs. CLSEDFND vs. QAIDFND vs. 2B7C.DEDFND vs. HTUSDFND vs. VOO

Return for Risk

NOK vs. DFND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NOK
NOK Risk / Return Rank: 9696
Overall Rank
NOK Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
NOK Sortino Ratio Rank: 9696
Sortino Ratio Rank
NOK Omega Ratio Rank: 9696
Omega Ratio Rank
NOK Calmar Ratio Rank: 9696
Calmar Ratio Rank
NOK Martin Ratio Rank: 9494
Martin Ratio Rank
DFND

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOK vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) 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.

NOKDFNDDifference
Sharpe ratioReturn per unit of total volatility
3.64
0.19

+3.45

Sortino ratioReturn per unit of downside risk
4.09
0.35

+3.74

Omega ratioGain probability vs. loss probability

1.56

1.05

+0.51

Calmar ratioReturn relative to maximum drawdown

7.95

0.60

+7.35

Martin ratioReturn relative to average drawdown

15.98

1.08

+14.90

NOK vs. DFND - Sharpe Ratio Comparison

The current NOK Sharpe Ratio is 3.64, which is higher than the DFND Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of NOK and DFND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NOK vs. DFND - Drawdown Comparison

The maximum NOK drawdown since its inception was -95.99%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for NOK and DFND.

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Drawdown Indicators

NOKDFNDDifference

Max Drawdown

Largest peak-to-trough decline

-95.99%

-22.65%

-73.34%

Max Drawdown (1Y)

Largest decline over 1 year

-24.45%

-3.44%

-21.01%

Max Drawdown (3Y)

Largest decline over 3 years

-29.74%

-12.56%

-17.18%

Max Drawdown (5Y)

Largest decline over 5 years

-50.56%

-22.65%

-27.91%

Max Drawdown (10Y)

Largest decline over 10 years

-62.56%

-22.65%

-39.91%

Current Drawdown

Current decline from peak

-50.03%

-3.69%

-46.34%

Average Drawdown

Average peak-to-trough decline

-64.85%

-5.70%

-59.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.14%

3.72%

+8.42%

Volatility

NOK vs. DFND - Volatility Comparison

Nokia Corporation (NOK) has a higher volatility of 24.68% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that NOK'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

NOKDFNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

24.68%

0.00%

+24.68%

Volatility (6M)

Calculated over the trailing 6-month period

41.30%

6.10%

+35.20%

Volatility (1Y)

Calculated over the trailing 1-year period

53.52%

10.88%

+42.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.13%

22.44%

+14.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.54%

19.08%

+21.46%

Dividends

NOK vs. DFND - Dividend Comparison

NOK's dividend yield for the trailing twelve months is around 1.11%, while DFND has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
NOK
Nokia Corporation		1.11%2.45%3.17%3.51%1.32%0.00%0.00%3.01%4.06%4.07%6.02%2.22%

Frequently Asked Questions

NOK and DFND have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NOK has higher volatility (24.68%) compared to DFND (0.00%). In terms of maximum drawdown, NOK dropped -95.99% vs DFND's -22.65%.

NOK currently has the higher Sharpe Ratio (3.64 vs 0.19), 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.

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