PVEX vs. DFND
PVEX (TrueShares ConVequity ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. At a 0.15 correlation, their price movements are largely independent. PVEX charges 0.82%/yr vs 1.50%/yr for DFND.
Performance
PVEX vs. DFND - Performance Comparison
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Returns By Period
PVEX
- 1D
- -0.28%
- 1M
- -0.96%
- YTD
- 7.08%
- 6M
- 6.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.18%
- 3Y*
- 8.10%
- 5Y*
- 4.54%
- 10Y*
- 7.15%
PVEX vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PVEX TrueShares ConVequity ETF | 7.08% | 13.68% |
DFND Siren DIVCON Dividend Defender ETF | 0.00% | 0.74% |
Correlation
The correlation between PVEX and DFND is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.15 |
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Return for Risk
PVEX vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) 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.
| PVEX | DFND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.60 | — |
| Martin ratioReturn relative to average drawdown | — | 1.08 | — |
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Drawdowns
PVEX vs. DFND - Drawdown Comparison
The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for PVEX and DFND.
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Drawdown Indicators
| PVEX | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.63% | -22.65% | +15.02% |
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 DrawdownCurrent decline from peak | -3.17% | -3.69% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -5.70% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.72% | — |
Volatility
PVEX vs. DFND - Volatility Comparison
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Volatility by Period
| PVEX | 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 | 15.27% | 10.88% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 22.44% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 19.08% | -3.81% |
PVEX vs. DFND - Expense Ratio Comparison
PVEX has a 0.82% expense ratio, which is lower than DFND's 1.50% expense ratio.
Dividends
PVEX vs. DFND - Dividend Comparison
PVEX's dividend yield for the trailing twelve months is around 0.18%, while DFND has not paid dividends to shareholders.
| 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% |
PVEX TrueShares ConVequity ETF | 0.18% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PVEX 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.
On fees, PVEX is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PVEX is cheaper with a 0.82% expense ratio, compared with 1.50% for DFND.
DFND has the higher dividend yield at 0.62%, compared with 0.18% for PVEX.
They also come from different issuers: TrueShares and SRN Advisors. Their fees differ too: 0.82% for PVEX and 1.50% for DFND.
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