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SPGI vs. DFND
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPGI vs. DFND

Last updated Jun 13, 2026

SPGI (S&P Global Inc.) is a stock, while DFND (Siren DIVCON Dividend Defender ETF) is Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. Over the past 10 years, SPGI returned 15.70%/yr vs 7.15%/yr for DFND. At a 0.44 correlation, their price movements are largely independent.

Performance

SPGI vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P Global Inc. (SPGI) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

Over the past 10 years, SPGI has outperformed DFND with an annualized return of 15.70%, while DFND has yielded a comparatively lower 7.15% annualized return.

SPGI

1D
1.35%
1M
4.15%
YTD
-19.47%
6M
-16.00%
1Y
-15.77%
3Y*
3.19%
5Y*
2.16%
10Y*
15.70%

DFND

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
1.72%
3Y*
8.10%
5Y*
4.54%
10Y*
7.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPGI vs. DFND - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPGI
S&P Global Inc.		-19.47%5.71%13.94%32.79%-28.38%44.68%21.40%62.27%1.37%59.32%
DFND
Siren DIVCON Dividend Defender ETF		0.00%10.37%8.48%12.13%-19.59%14.80%16.12%19.53%-1.83%16.33%

Correlation

The correlation between SPGI and DFND is 0.04, 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 (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2016

0.44

Over the past year, the correlation between SPGI and DFND has dropped to 0.04 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

S&P Global Inc.

Siren DIVCON Dividend Defender ETF

Often compared with SPGI:
SPGI vs. MCOSPGI vs. MSCISPGI vs. SPYSPGI vs. VOOSPGI vs. SPYGSPGI vs. BLKSPGI vs. SCHD
Often compared with DFND:
DFND vs. DFNG.LDFND vs. ITADFND vs. CLSEDFND vs. QAIDFND vs. 2B7C.DEDFND vs. HTUSDFND vs. VOO

Return for Risk

SPGI vs. DFND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPGI
SPGI Risk / Return Rank: 1919
Overall Rank
SPGI Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
SPGI Sortino Ratio Rank: 1818
Sortino Ratio Rank
SPGI Omega Ratio Rank: 1717
Omega Ratio Rank
SPGI Calmar Ratio Rank: 2424
Calmar Ratio Rank
SPGI Martin Ratio Rank: 2222
Martin Ratio Rank
DFND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SPGI vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.

SPGIDFNDDifference
Sharpe ratioReturn per unit of total volatility
-0.60
0.19

-0.79

Sortino ratioReturn per unit of downside risk
-0.63
0.35

-0.98

Omega ratioGain probability vs. loss probability

0.91

1.05

-0.15

Calmar ratioReturn relative to maximum drawdown

-0.54

0.60

-1.14

Martin ratioReturn relative to average drawdown

-1.03

1.08

-2.11

SPGI vs. DFND - Sharpe Ratio Comparison

The current SPGI Sharpe Ratio is -0.60, which is lower than the DFND Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of SPGI 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.

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Drawdowns

SPGI vs. DFND - Drawdown Comparison

The maximum SPGI drawdown since its inception was -74.67%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for SPGI and DFND.

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Drawdown Indicators

SPGIDFNDDifference

Max Drawdown

Largest peak-to-trough decline

-74.67%

-22.65%

-52.02%

Max Drawdown (1Y)

Largest decline over 1 year

-30.48%

-3.44%

-27.04%

Max Drawdown (3Y)

Largest decline over 3 years

-30.48%

-12.56%

-17.92%

Max Drawdown (5Y)

Largest decline over 5 years

-39.76%

-22.65%

-17.11%

Max Drawdown (10Y)

Largest decline over 10 years

-39.76%

-22.65%

-17.11%

Current Drawdown

Current decline from peak

-25.12%

-3.69%

-21.43%

Average Drawdown

Average peak-to-trough decline

-15.23%

-5.70%

-9.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.07%

3.72%

+12.35%

Volatility

SPGI vs. DFND - Volatility Comparison

S&P Global Inc. (SPGI) has a higher volatility of 7.62% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that SPGI'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

SPGIDFNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.62%

0.00%

+7.62%

Volatility (6M)

Calculated over the trailing 6-month period

24.13%

6.10%

+18.03%

Volatility (1Y)

Calculated over the trailing 1-year period

27.63%

10.88%

+16.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.51%

22.44%

+2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.03%

19.08%

+6.95%

Dividends

SPGI vs. DFND - Dividend Comparison

SPGI's dividend yield for the trailing twelve months is around 0.92%, while DFND has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
SPGI
S&P Global Inc.		0.92%0.73%0.73%0.82%0.99%0.65%0.82%0.84%1.18%0.97%1.34%1.34%

Frequently Asked Questions

SPGI and DFND have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPGI has higher volatility (7.62%) compared to DFND (0.00%). In terms of maximum drawdown, SPGI dropped -74.67% vs DFND's -22.65%.

DFND currently has the higher Sharpe Ratio (0.19 vs -0.60), 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.

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