RJDI vs. DFND

Last updated Jun 24, 2026

RJDI (RJ Eagle GCM Dividend Select Income ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both exchange-traded funds - RJDI is a Dividend fund actively managed by Carillon Tower Advisers, while DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. RJDI is actively managed, while DFND is passively managed. At a 0.02 correlation, their price movements are largely independent. RJDI charges 0.63%/yr vs 1.50%/yr for DFND.

Performance

RJDI vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle GCM Dividend Select Income ETF (RJDI) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RJDI

• 1D: -0.83%
• 1M: -0.31%
• YTD: 14.18%
• 6M: 13.67%
• 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%

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

RJDI vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	14.18%	1.23%
DFND Siren DIVCON Dividend Defender ETF	0.00%	1.11%

Correlation

The correlation between RJDI and DFND is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.02

RJDI vs. DFND - Sectors Allocation Comparison

Sectors	RJDI	DFND
Technology	31.5%	24.8%
Industrials	12.4%	17.1%
Financial Services	10.1%	18.2%
Healthcare	9.2%	10.7%
Consumer Cyclical	8.3%	3.5%
Consumer Defensive	7.5%	4.2%
Energy	6.0%	1.7%
Real Estate	5.6%	2.0%
Communication Services	3.8%	0.8%
Utilities	3.7%	-
Basic Materials	1.9%	4.3%

Return for Risk

RJDI vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle GCM Dividend Select Income ETF (RJDI) 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.

	RJDI	DFND	Difference
Sharpe ratio: Return per unit of total volatility	—	0.19	—
Sortino ratio: Return per unit of downside risk	—	0.35	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.60	—
Martin ratio: Return relative to average drawdown	—	1.08	—

Drawdowns

RJDI vs. DFND - Drawdown Comparison

The maximum RJDI drawdown since its inception was -7.05%, smaller than the maximum DFND drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for RJDI and DFND.

Drawdown Indicators

	RJDI	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-7.05%	-22.65%	+15.60%
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	-1.70%	-3.69%	+1.99%
Average Drawdown Average peak-to-trough decline	-1.48%	-5.70%	+4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.72%	—

Volatility

Volatility by Period

	RJDI	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	12.75%	10.88%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.75%	22.44%	-9.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	19.08%	-6.33%

RJDI vs. DFND - Expense Ratio Comparison

RJDI has a 0.63% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

RJDI vs. DFND - Dividend Comparison

RJDI's dividend yield for the trailing twelve months is around 0.54%, 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%
RJDI RJ Eagle GCM Dividend Select Income ETF	0.54%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RJDI and DFND in my portfolio?

RJDI and DFND have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJDI or DFND?

On fees, RJDI is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJDI or DFND?

RJDI is cheaper with a 0.63% expense ratio, compared with 1.50% for DFND.

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

DFND has the higher dividend yield at 0.62%, compared with 0.54% for RJDI.

What is the main difference between RJDI and DFND?

RJDI is categorized as Dividend, while DFND is Large Cap Blend Equities. They also come from different issuers: Carillon Tower Advisers and SRN Advisors. Their fees differ too: 0.63% for RJDI and 1.50% for DFND.