XDIV vs. BOXX

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and BOXX (Alpha Architect 1-3 Month Box ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. XDIV is actively managed, while BOXX is passively managed. At a 0.03 correlation, their price movements are largely independent. XDIV charges 0.09%/yr vs 0.19%/yr for BOXX.

Performance

XDIV vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 10.63% return, which is significantly higher than BOXX's 1.58% return.

XDIV

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

BOXX

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.58%
• 6M: 1.97%
• 1Y: 4.10%
• 3Y*: 4.75%
• 5Y*: —
• 10Y*: —

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

XDIV vs. BOXX - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
BOXX Alpha Architect 1-3 Month Box ETF	1.58%	2.07%

Correlation

The correlation between XDIV and BOXX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.03

XDIV vs. BOXX - Sectors Allocation Comparison

Sectors	XDIV	BOXX
Technology	36.2%	33.1%
Financial Services	11.9%	12.3%
Communication Services	10.9%	10.7%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	9.8%
Industrials	8.1%	8.7%
Consumer Defensive	4.9%	5.4%
Energy	3.5%	3.5%
Utilities	2.3%	2.5%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.9%

Return for Risk

XDIV vs. BOXX — Risk / Return Rank

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

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 100
BOXX Omega Ratio Rank: 100
BOXX Calmar Ratio Rank: 100
BOXX Martin Ratio Rank: 100

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.

XDIV vs. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.

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

Sharpe Ratios by Period

	XDIV	BOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	12.91	-10.93

Drawdowns

XDIV vs. BOXX - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for XDIV and BOXX.

Drawdown Indicators

	XDIV	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-0.12%	-9.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.12%	—
Current Drawdown Current decline from peak	-0.67%	0.00%	-0.67%
Average Drawdown Average peak-to-trough decline	-1.20%	-0.00%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	XDIV	BOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	0.32%	+11.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	0.37%	+11.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	0.37%	+11.94%

XDIV vs. BOXX - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than BOXX's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDIV vs. BOXX - Dividend Comparison

Neither XDIV nor BOXX has paid dividends to shareholders.

Position	TTM	2025	2024
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and BOXX in my portfolio?

XDIV and BOXX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDIV or BOXX?

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, XDIV or BOXX?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.19% for BOXX.

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

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

What is the main difference between XDIV and BOXX?

XDIV is categorized as S&P 500, while BOXX is Ultrashort Bond. They also come from different issuers: Roundhill and Alpha Architect. Their fees differ too: 0.09% for XDIV and 0.19% for BOXX.