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ETFs

Siren DIVCON Dividend Defender ETF

DFND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 14 2016
Expense Ratio
1.50%
Type
US Equities
Fund Owner
Siren ETF
Volume (1m avg. daily)
$76,418
AUM
$10,317,998
Associated Index
Siren DIVCON Dividend Defender Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
50.40%
SNA
Snap-on, Inc.
4.29%
AVGO
Broadcom Inc
2.03%
WST
West Pharmaceutical Services, Inc.
2.02%
ODFL
Old Dominion Freight Line, Inc.
1.93%
LRCX
Lam Research Corp.
1.78%
MPC
Marathon Petroleum Corp
1.76%
AMAT
Applied Materials Inc.
1.74%
MSFT
Microsoft Corporation
1.65%
INTU
Intuit Inc
1.63%
Invest with DFND

What is DFND?

Siren DIVCON Dividend Defender ETF (DFND) Fund seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Siren DIVCON Dividend Defender Index. The Siren DIVCON Dividend Defender ETF features a long/short equity portfolio that seeks more stable returns than a long-only equity portfolio. The Fund uses DIVCON, a forward-looking dividend rating system evaluating large-cap company health indicators based on seven key factors, with a 75% long investment in companies most likely to increase dividends and a 25% short in the firms most likely to cut their dividends, as indicated by DIVCON.

ETFs related toDFND

ETFs correlated to DFND include QGRO, RSPT, TDV

DFND
Siren ETF Trust - Siren DIVCON Dividend Defender ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
TDV
ProShares Trust - ProShares S&P Technology Dividend Aristocrats ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
QUAL
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Quality Factor ETF
USXF
iShares Trust - iShares ESG Advanced MSCI USA ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDFND

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with DFND using Composer

FAQ

DFND is a US Equities ETF. Siren DIVCON Dividend Defender ETF (DFND) Fund seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Siren DIVCON Dividend Defender Index. The Siren DIVCON Dividend Defender ETF features a long/short equity portfolio that seeks more stable returns than a long-only equity portfolio. The Fund uses DIVCON, a forward-looking dividend rating system evaluating large-cap company health indicators based on seven key factors, with a 75% long investment in companies most likely to increase dividends and a 25% short in the firms most likely to cut their dividends, as indicated by DIVCON.

DFND tracks the Siren DIVCON Dividend Defender Index.

DFND dividend information: Dividend - Change / Surprise. Dividend payouts may vary in terms of frequency of payouts.

No, DFND is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DFND is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFND is -0.0124%. This is the percent change in the value of DFND over the most recent 1-month period. The 3-month return on DFND is 0.031%. This is the percent change in the value of DFND over the most recent 3-month period.

The standard deviation of DFND for the past year is 0.1162%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DFND include SDY, DFAS, and VIG.

ETFs correlated to DFND include QGRO, RSPT, and TDV.

ETFs that are inversely correlated to DFND include TECS, SH, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.