PSCX vs. DFND

Last updated Jun 4, 2026

PSCX (Pacer Swan SOS Conservative (December) ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. PSCX is actively managed, while DFND is passively managed. Over the past 5 years, PSCX returned 8.46%/yr vs 4.54%/yr for DFND. At a 0.42 correlation, their price movements are largely independent. PSCX charges 0.75%/yr vs 1.50%/yr for DFND.

Performance

PSCX vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Conservative (December) ETF (PSCX) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSCX

• 1D: -0.12%
• 1M: 2.00%
• YTD: 5.11%
• 6M: 5.98%
• 1Y: 15.49%
• 3Y*: 12.85%
• 5Y*: 8.46%
• 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)

PSCX vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PSCX Pacer Swan SOS Conservative (December) ETF	5.11%	12.08%	13.27%	16.57%	-7.35%	9.03%	0.81%
DFND Siren DIVCON Dividend Defender ETF	0.00%	10.37%	8.48%	12.13%	-19.59%	14.80%	1.36%

Correlation

The correlation between PSCX 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	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020	0.42

Over the past year, the correlation between PSCX and DFND has dropped to 0.16 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

PSCX vs. DFND - Sectors Allocation Comparison

Sectors	PSCX	DFND
Technology	33.2%	24.8%
Financial Services	12.5%	18.2%
Communication Services	10.3%	0.8%
Consumer Cyclical	10.0%	3.5%
Healthcare	9.6%	10.7%
Industrials	8.4%	17.1%
Consumer Defensive	5.4%	4.2%
Energy	4.2%	1.7%
Utilities	2.6%	-
Real Estate	2.0%	2.0%
Basic Materials	1.9%	4.3%

Return for Risk

PSCX vs. DFND — Risk / Return Rank

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

PSCX

PSCX Risk / Return Rank: 85
PSCX Sharpe Ratio Rank: 85
PSCX Sortino Ratio Rank: 90
PSCX Omega Ratio Rank: 90
PSCX Calmar Ratio Rank: 74
PSCX Martin Ratio Rank: 87

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.

PSCX vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (December) ETF (PSCX) 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.

	PSCX	DFND	Difference
Sharpe ratio: Return per unit of total volatility	2.82	0.02	+2.80
Sortino ratio: Return per unit of downside risk	4.22	0.11	+4.11
Omega ratio: Gain probability vs. loss probability	1.58	1.02	+0.56
Calmar ratio: Return relative to maximum drawdown	3.70	0.07	+3.63
Martin ratio: Return relative to average drawdown	18.94	0.13	+18.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCX vs. DFND - Sharpe Ratio Comparison

The current PSCX Sharpe Ratio is 2.82, which is higher than the DFND Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of PSCX 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

	PSCX	DFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	0.02	+2.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.20	0.21	+0.99
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.36	+0.92

Drawdowns

PSCX vs. DFND - Drawdown Comparison

The maximum PSCX drawdown since its inception was -10.20%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for PSCX and DFND.

Drawdown Indicators

	PSCX	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-10.20%	-22.65%	+12.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.20%	-3.44%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-9.61%	-12.56%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-10.20%	-22.65%	+12.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.65%	—
Current Drawdown Current decline from peak	-0.12%	-3.69%	+3.57%
Average Drawdown Average peak-to-trough decline	-1.87%	-5.70%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	3.70%	-2.88%

Volatility

PSCX vs. DFND - Volatility Comparison

Pacer Swan SOS Conservative (December) ETF (PSCX) has a higher volatility of 0.89% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that PSCX'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

	PSCX	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.00%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	4.21%	6.16%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	5.53%	10.92%	-5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.07%	22.46%	-15.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.96%	19.09%	-12.13%

PSCX vs. DFND - Expense Ratio Comparison

PSCX has a 0.75% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

PSCX vs. DFND - Dividend Comparison

PSCX 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%
PSCX Pacer Swan SOS Conservative (December) 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 PSCX and DFND in my portfolio?

PSCX 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.

Which is riskier, PSCX or DFND?

PSCX has higher volatility (0.89%) compared to DFND (0.00%). In terms of maximum drawdown, PSCX dropped -10.20% vs DFND's -22.65%.

Which ETF is better, PSCX or DFND?

On 5-year performance, PSCX leads with 8.46% vs 4.54% for DFND. On fees, PSCX is cheaper at 0.75% 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, PSCX or DFND?

Over the 5-year period, PSCX has performed better with a 8.46% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCX or DFND?

PSCX is cheaper with a 0.75% expense ratio, compared with 1.50% for DFND.

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

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

What is the main difference between PSCX and DFND?

They also come from different issuers: Pacer and SRN Advisors. Their fees differ too: 0.75% for PSCX and 1.50% for DFND.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.82 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.