SPDV vs. DFND
Compare and contrast key facts about AAM S&P 500 High Dividend Value ETF (SPDV) and Siren DIVCON Dividend Defender ETF (DFND).
SPDV and DFND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. DFND is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Dividend Defender Index. It was launched on Jan 14, 2016. Both SPDV and DFND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPDV vs. DFND - Performance Comparison
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SPDV vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPDV AAM S&P 500 High Dividend Value ETF | 8.31% | 10.90% | 14.40% | 5.45% | -2.27% | 29.54% | -6.09% | 20.46% | -6.59% | 3.65% |
DFND Siren DIVCON Dividend Defender ETF | 0.00% | 10.37% | 8.48% | 12.13% | -19.59% | 14.80% | 16.12% | 19.53% | -1.83% | 1.45% |
Returns By Period
SPDV
- 1D
- 0.78%
- 1M
- -2.66%
- YTD
- 8.31%
- 6M
- 9.18%
- 1Y
- 18.90%
- 3Y*
- 14.04%
- 5Y*
- 8.98%
- 10Y*
- —
DFND
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 1.22%
- 1Y
- 6.91%
- 3Y*
- 8.54%
- 5Y*
- 4.58%
- 10Y*
- 6.81%
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SPDV vs. DFND - Expense Ratio Comparison
SPDV has a 0.29% expense ratio, which is lower than DFND's 1.50% expense ratio.
Return for Risk
SPDV vs. DFND — Risk / Return Rank
SPDV
DFND
SPDV vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAM S&P 500 High Dividend Value ETF (SPDV) 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.
| SPDV | DFND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.46 | +0.62 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.81 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.05 | +1.49 |
Martin ratioReturn relative to average drawdown | 6.09 | -0.12 | +6.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPDV | DFND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.46 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.21 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.36 | +0.07 |
Correlation
The correlation between SPDV and DFND is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPDV vs. DFND - Dividend Comparison
SPDV's dividend yield for the trailing twelve months is around 3.50%, more than DFND's 0.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPDV AAM S&P 500 High Dividend Value ETF | 3.50% | 3.85% | 3.54% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.63% | 0.28% |
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% |
Drawdowns
SPDV vs. DFND - Drawdown Comparison
The maximum SPDV drawdown since its inception was -43.81%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for SPDV and DFND.
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Drawdown Indicators
| SPDV | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -22.65% | -21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -7.48% | -6.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -22.65% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.65% | — |
Current DrawdownCurrent decline from peak | -3.31% | -3.69% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -5.73% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 3.80% | -0.51% |
Volatility
SPDV vs. DFND - Volatility Comparison
AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.07% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that SPDV'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.
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Volatility by Period
| SPDV | DFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 0.00% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 8.52% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 17.95% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 22.58% | -6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 19.15% | +1.33% |