DFND
Siren DIVCON Dividend Defender ETF
DFND tracks an index of dividend-paying US large-cap stocks that are likely to increase dividends, while shorting those that are unlikely to do so. At rebalance, the fund is 75% long, 25% short.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
9.4 M
ASSETS UNDER MGMT
189 bp
EXPENSES
Fund Basics
| Fund sponsor | SRN Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2020 |
| Assets (mns) | $10 |
| Expense ratio | 189 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| CASH & OTHER | 46.6 % |
| ECOLAB INC | 2.6 % |
| TEXAS PACIFIC LAND CORP | 2.6 % |
| VISA INC | 2.6 % |
| EXPEDITORS INTERNATIONAL OF WASHINGTON INC | 2.6 % |
| TRAVELERS COS INC/THE | 2.6 % |
| ELI LILLY & CO | 2.5 % |
| CHUBB LTD | 2.5 % |
| S&P GLOBAL INC | 2.5 % |
| VERISK ANALYTICS INC | 2.5 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.6% | 5.3% | 11.8% | 5.6% | 6.8% | -- | 6.5% | Volatility | 44.1% | 36.3% | 26.9% | 26.1% | 22.7% | -- | 22.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.48 | 33% |
| MSCI EAFE | 0.41 | 25% |
| MSCI Emg Mkts | 0.39 | 22% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.64% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $40.76 |
| 30d moving avg. | $41.74 |
| Annualized volatility | 14.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| DFND (189 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFND | 189.0 | 63.8 | 252.8 |
| Peer Avg. | 49.1 | 19.4 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .