TOS vs. DFND

Last updated Jul 18, 2026

TOS (Twin Oak Strategic Solutions ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. TOS is actively managed, while DFND is passively managed. TOS charges 0.76%/yr vs 1.50%/yr for DFND.

Performance

TOS vs. DFND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Oak Strategic Solutions ETF (TOS) and Siren DIVCON Dividend Defender ETF (DFND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOS

• 1D: -2.01%
• 1M: -7.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOS vs. DFND - Yearly Performance Comparison

	2026 (YTD)
TOS Twin Oak Strategic Solutions ETF	11.45%
DFND Siren DIVCON Dividend Defender ETF	0.00%

Return for Risk

TOS vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Oak Strategic Solutions ETF (TOS) 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.

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

Drawdowns

Drawdown Indicators

	TOS	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-11.72%	—	—
Current Drawdown Current decline from peak	-9.11%	—	—
Average Drawdown Average peak-to-trough decline	-2.77%	—	—

Volatility

Volatility by Period

	TOS	DFND	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.00%	—	—

TOS vs. DFND - Expense Ratio Comparison

TOS has a 0.76% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

TOS vs. DFND - Dividend Comparison

Neither TOS nor DFND has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFND Siren DIVCON Dividend Defender ETF	0.29%	1.10%	1.64%	1.84%	0.29%	0.00%	0.00%	0.77%	0.53%	0.02%
TOS Twin Oak Strategic Solutions ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TOS or DFND?

On fees, TOS is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOS or DFND?

TOS is cheaper with a 0.76% expense ratio, compared with 1.50% for DFND.

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

DFND has the higher dividend yield at 0.29%, compared with 0.00% for TOS.

What is the main difference between TOS and DFND?

They also come from different issuers: Twin Oak ETF Company and SRN Advisors. Their fees differ too: 0.76% for TOS and 1.50% for DFND.