DFND vs IVV
Siren DIVCON Dividend Defender ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DFND | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.75% | 0.03% | |
| AUM | $9M | $865.2B | |
| Dividend Yield | 0.95% | 1.09% | |
| Holdings | 78 | 508 | |
| YTD Return | +6.97% | +13.43% | |
| 1Y Return | +0.06% | +22.61% | |
| 3Y Return (annualized) | +8.78% | +21.47% | |
| 5Y Return (annualized) | +4.37% | +13.26% | |
| Volatility (annualized) | 10.8% | 15.1% | |
| Max Drawdown | -22.6% | -56.5% | |
| Fund Family | SRN Advisors | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 14, 2016 | May 15, 2000 |
DFND vs IVV Performance
Siren DIVCON Dividend Defender ETF (DFND) is a ETF from SRN Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFND returned +0.06% while IVV returned +22.61%. Year to date, DFND is up 6.97% versus a gain of 13.43% for IVV.
Over three years, DFND compounded at +8.78% per year against +21.47% for IVV; over five years the annualized figures are +4.37% and +13.26% respectively. Across the full 10-year window we track, IVV has the edge at +7.03% annualized vs +6.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.8% for DFND. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.6% for DFND and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFND charges 1.75% per year while IVV charges 0.03%. On a $10,000 position that is $175 vs $3 annually, a gap of $172 per year that compounds over a long holding period. On income, DFND currently yields 0.95% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, DFND or IVV?
DFND has an expense ratio of 1.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $172 per year of difference.
Which performed better, DFND or IVV?
Over the past year DFND returned +0.06% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), DFND annualized +6.80% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, DFND or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.8% for DFND. Worst drawdown: DFND -22.6% vs IVV -56.5%.
Should I hold both DFND and IVV?
DFND and IVV have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, DFND or IVV?
DFND yields 0.95% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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