GAUG vs. XDIV

Last updated Jun 4, 2026

GAUG (FT Cboe Vest U.S. Equity Moderate Buffer ETF - August) and XDIV (Roundhill S&P 500 No Dividend Target ETF) are both exchange-traded funds - GAUG is a Options Trading fund tracking the S&P 500, while XDIV is a S&P 500 fund actively managed by Roundhill. GAUG is passively managed, while XDIV is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. GAUG charges 0.85%/yr vs 0.09%/yr for XDIV.

Performance

GAUG vs. XDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) and Roundhill S&P 500 No Dividend Target ETF (XDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAUG achieves a 4.97% return, which is significantly lower than XDIV's 10.63% return.

GAUG

• 1D: -0.18%
• 1M: 1.59%
• YTD: 4.97%
• 6M: 5.40%
• 1Y: 14.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GAUG vs. XDIV - Yearly Performance Comparison

	2026 (YTD)	2025
GAUG FT Cboe Vest U.S. Equity Moderate Buffer ETF - August	4.97%	5.54%
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%

Correlation

The correlation between GAUG and XDIV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.91

GAUG vs. XDIV - Sectors Allocation Comparison

Sectors	GAUG	XDIV
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

GAUG vs. XDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GAUG

GAUG Risk / Return Rank: 80
GAUG Sharpe Ratio Rank: 77
GAUG Sortino Ratio Rank: 83
GAUG Omega Ratio Rank: 83
GAUG Calmar Ratio Rank: 71
GAUG Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAUG vs. XDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) and Roundhill S&P 500 No Dividend Target ETF (XDIV). 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.

	GAUG	XDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.48	—	—
Sortino ratio: Return per unit of downside risk	3.71	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.52	—	—
Martin ratio: Return relative to average drawdown	18.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GAUG	XDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.65	1.98	-0.33

Drawdowns

GAUG vs. XDIV - Drawdown Comparison

The maximum GAUG drawdown since its inception was -10.08%, which is greater than XDIV's maximum drawdown of -9.16%. Use the drawdown chart below to compare losses from any high point for GAUG and XDIV.

Drawdown Indicators

	GAUG	XDIV	Difference
Max Drawdown Largest peak-to-trough decline	-10.08%	-9.16%	-0.92%
Max Drawdown (1Y) Largest decline over 1 year	-4.01%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.67%	+0.49%
Average Drawdown Average peak-to-trough decline	-0.73%	-1.20%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	—	—

Volatility

Volatility by Period

	GAUG	XDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	12.31%	-6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.53%	12.31%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	12.31%	-4.78%

GAUG vs. XDIV - Expense Ratio Comparison

GAUG has a 0.85% expense ratio, which is higher than XDIV's 0.09% expense ratio.

Dividends

GAUG vs. XDIV - Dividend Comparison

Neither GAUG nor XDIV has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GAUG and XDIV in my portfolio?

With a correlation of 0.91, GAUG and XDIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GAUG or XDIV?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GAUG or XDIV?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.85% for GAUG.

Which ETF pays a higher dividend yield, GAUG or XDIV?

GAUG and XDIV have nearly identical dividend yields, around 0.00%.

What is the main difference between GAUG and XDIV?

GAUG is categorized as Options Trading, while XDIV is S&P 500. They also come from different issuers: FT Vest and Roundhill. Their fees differ too: 0.85% for GAUG and 0.09% for XDIV.