OALC vs. DFND

Last updated Jun 4, 2026

OALC (OneAscent Large Cap Core ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. OALC is actively managed, while DFND is passively managed. Over the past 3 years, OALC returned 23.85%/yr vs 7.91%/yr for DFND. At a 0.46 correlation, their price movements are largely independent. OALC charges 0.49%/yr vs 1.50%/yr for DFND.

Performance

OALC vs. DFND - Performance Comparison

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

Returns By Period

OALC

• 1D: -0.63%
• 1M: 6.75%
• YTD: 15.60%
• 6M: 16.26%
• 1Y: 32.95%
• 3Y*: 23.85%
• 5Y*: —
• 10Y*: —

DFND

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -1.09%
• 1Y: 0.20%
• 3Y*: 7.91%
• 5Y*: 4.54%
• 10Y*: 7.16%

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

OALC vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OALC OneAscent Large Cap Core ETF	15.60%	20.36%	19.64%	22.03%	-18.08%	-0.54%
DFND Siren DIVCON Dividend Defender ETF	0.00%	10.37%	8.48%	12.13%	-19.59%	1.17%

Correlation

The correlation between OALC and DFND is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.46

Over the past year, the correlation between OALC and DFND has dropped to 0.15 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

OALC vs. DFND - Sectors Allocation Comparison

Sectors	OALC	DFND
Technology	37.8%	24.8%
Financial Services	14.7%	18.2%
Consumer Cyclical	11.1%	3.5%
Communication Services	8.4%	0.8%
Industrials	7.6%	17.1%
Healthcare	6.4%	10.7%
Consumer Defensive	5.3%	4.2%
Utilities	3.0%	-
Energy	2.5%	1.7%
Basic Materials	1.3%	4.3%
Real Estate	1.0%	2.0%

Return for Risk

OALC vs. DFND — Risk / Return Rank

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

OALC

OALC Risk / Return Rank: 79
OALC Sharpe Ratio Rank: 79
OALC Sortino Ratio Rank: 78
OALC Omega Ratio Rank: 76
OALC Calmar Ratio Rank: 78
OALC Martin Ratio Rank: 86

DFND

DFND Risk / Return Rank: 9
DFND Sharpe Ratio Rank: 9
DFND Sortino Ratio Rank: 8
DFND Omega Ratio Rank: 8
DFND Calmar Ratio Rank: 9
DFND Martin Ratio Rank: 9

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.

OALC vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) 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.

	OALC	DFND	Difference
Sharpe ratio: Return per unit of total volatility	2.56	0.02	+2.54
Sortino ratio: Return per unit of downside risk	3.49	0.11	+3.38
Omega ratio: Gain probability vs. loss probability	1.45	1.02	+0.43
Calmar ratio: Return relative to maximum drawdown	3.93	0.07	+3.86
Martin ratio: Return relative to average drawdown	18.19	0.13	+18.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OALC vs. DFND - Sharpe Ratio Comparison

The current OALC Sharpe Ratio is 2.56, which is higher than the DFND Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of OALC 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.

Sharpe Ratios by Period

	OALC	DFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	0.02	+2.54
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	0.68	0.36	+0.33

Drawdowns

OALC vs. DFND - Drawdown Comparison

The maximum OALC drawdown since its inception was -26.82%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for OALC and DFND.

Drawdown Indicators

	OALC	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-22.65%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-3.44%	-4.98%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-12.56%	-5.08%
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	-0.63%	-3.69%	+3.06%
Average Drawdown Average peak-to-trough decline	-7.04%	-5.70%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	3.70%	-1.88%

Volatility

OALC vs. DFND - Volatility Comparison

OneAscent Large Cap Core ETF (OALC) has a higher volatility of 3.42% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that OALC'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.

Volatility by Period

	OALC	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	0.00%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	6.16%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	10.92%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	22.46%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	19.09%	-1.81%

OALC vs. DFND - Expense Ratio Comparison

OALC has a 0.49% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

OALC vs. DFND - Dividend Comparison

OALC's dividend yield for the trailing twelve months is around 0.53%, less than DFND's 0.62% yield.

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%
OALC OneAscent Large Cap Core ETF	0.53%	0.61%	0.70%	0.40%	0.40%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OALC and DFND in my portfolio?

OALC and DFND have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OALC or DFND?

OALC has higher volatility (3.42%) compared to DFND (0.00%). In terms of maximum drawdown, OALC dropped -26.82% vs DFND's -22.65%.

Which ETF is better, OALC or DFND?

On 3-year performance, OALC leads with 23.85% vs 7.91% for DFND. On fees, OALC is cheaper at 0.49% per year. On volatility, DFND has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OALC or DFND?

Over the 3-year period, OALC has performed better with a 23.85% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OALC or DFND?

OALC is cheaper with a 0.49% expense ratio, compared with 1.50% for DFND.

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

DFND has the higher dividend yield at 0.62%, compared with 0.53% for OALC.

What is the main difference between OALC and DFND?

They also come from different issuers: Oneascent and SRN Advisors. Their fees differ too: 0.49% for OALC and 1.50% for DFND.

Which has better risk-adjusted returns?

OALC currently has the higher Sharpe Ratio (2.56 vs 0.02), 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.