NPFE vs. DFND

Last updated Jun 6, 2026

NPFE (NPF Core Equity ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. NPFE is actively managed, while DFND is passively managed. NPFE charges 0.40%/yr vs 1.50%/yr for DFND.

Performance

NPFE vs. DFND - Performance Comparison

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

Returns By Period

NPFE

• 1D: -1.98%
• 1M: 0.05%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -0.97%
• 1Y: 1.72%
• 3Y*: 8.10%
• 5Y*: 4.54%
• 10Y*: 7.15%

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

NPFE vs. DFND - Yearly Performance Comparison

	2026 (YTD)
NPFE NPF Core Equity ETF	6.29%
DFND Siren DIVCON Dividend Defender ETF	0.00%

Return for Risk

NPFE vs. DFND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFND

DFND Risk / Return Rank: 13
DFND Sharpe Ratio Rank: 12
DFND Sortino Ratio Rank: 11
DFND Omega Ratio Rank: 12
DFND Calmar Ratio Rank: 17
DFND Martin Ratio Rank: 14

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.

NPFE vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NPF Core Equity ETF (NPFE) 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.

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

Sharpe Ratios by Period

	NPFE	DFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.36	+1.55

Drawdowns

NPFE vs. DFND - Drawdown Comparison

The maximum NPFE drawdown since its inception was -5.36%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for NPFE and DFND.

Drawdown Indicators

	NPFE	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-5.36%	-22.65%	+17.29%
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	-1.98%	-3.69%	+1.71%
Average Drawdown Average peak-to-trough decline	-0.98%	-5.70%	+4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.72%	—

Volatility

Volatility by Period

	NPFE	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	15.45%	10.88%	+4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	22.44%	-6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	19.08%	-3.63%

NPFE vs. DFND - Expense Ratio Comparison

NPFE has a 0.40% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

NPFE vs. DFND - Dividend Comparison

NPFE has not paid dividends to shareholders, while DFND's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
NPFE NPF Core Equity 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, NPFE or DFND?

On fees, NPFE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NPFE or DFND?

NPFE is cheaper with a 0.40% expense ratio, compared with 1.50% for DFND.

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

DFND has the higher dividend yield at 0.62%, compared with 0.00% for NPFE.

What is the main difference between NPFE and DFND?

They also come from different issuers: NPF Investment Advisors and SRN Advisors. Their fees differ too: 0.40% for NPFE and 1.50% for DFND.