WZRD vs. DFND

Last updated Aug 1, 2026

WZRD (Opportunistic Trader ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both Large Cap Blend Equities funds. WZRD is actively managed, while DFND is passively managed. Their 0.01 correlation means their historical movements had little consistent relationship. WZRD charges 1.07%/yr vs 1.50%/yr for DFND.

Performance

WZRD vs. DFND - Performance Comparison

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

Returns By Period

WZRD

• 1D: -24.11%
• 1M: -66.67%
• 6M: -94.79%
• YTD: -95.64%
• 1Y: -96.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -95.20%

DFND

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WZRD Opportunistic Trader ETF	$53.22K	$31.27K	$34.05K

WZRD vs. DFND - Yearly Performance Comparison

	2026 (YTD)	2025
WZRD Opportunistic Trader ETF	-95.64%	-18.13%
DFND Siren DIVCON Dividend Defender ETF	0.00%	-0.25%

Correlation

The correlation between WZRD and DFND is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.01

Return for Risk

WZRD vs. DFND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WZRD

WZRD Risk / Return Rank: 0
WZRD Sharpe Ratio Rank: 2
WZRD Sortino Ratio Rank: 0
WZRD Omega Ratio Rank: 0
WZRD Calmar Ratio Rank: 0
WZRD Martin Ratio Rank: 0

DFND

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WZRD vs. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) 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.

	WZRD	DFND	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	—	—
Sortino ratio: Return per unit of downside risk	-3.21	—	—
Omega ratio: Gain probability vs. loss probability	0.54	—	—
Calmar ratio: Return relative to maximum drawdown	-1.00	—	—
Martin ratio: Return relative to average drawdown	-2.09	—	—

Drawdowns

Drawdown Indicators

	WZRD	DFND	Difference
Max Drawdown Largest peak-to-trough decline	-96.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-96.46%	—	—
Current Drawdown Current decline from peak	-96.46%	—	—
Average Drawdown Average peak-to-trough decline	-33.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	46.06%	—	—

Volatility

Volatility by Period

	WZRD	DFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	70.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	99.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	96.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.69%	—	—

WZRD vs. DFND - Expense Ratio Comparison

WZRD has a 1.07% expense ratio, which is lower than DFND's 1.50% expense ratio.

Dividends

WZRD vs. DFND - Dividend Comparison

WZRD's dividend yield for the trailing twelve months is around 29.54%, 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	0.29%	1.10%	1.64%	1.84%	0.29%	0.00%	0.00%	0.77%	0.53%	0.02%
WZRD Opportunistic Trader ETF	29.54%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WZRD and DFND in my portfolio?

WZRD and DFND have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WZRD or DFND?

On fees, WZRD is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WZRD or DFND?

WZRD is cheaper with a 1.07% expense ratio, compared with 1.50% for DFND.

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

WZRD has the higher dividend yield at 29.54%, compared with 0.29% for DFND.

What is the main difference between WZRD and DFND?

They also come from different issuers: Tuttle and SRN Advisors. Their fees differ too: 1.07% for WZRD and 1.50% for DFND.