XDIV vs. GAUG

Last updated Jun 5, 2026

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

Performance

XDIV vs. GAUG - 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 FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 11.08% return, which is significantly higher than GAUG's 5.13% return.

XDIV

• 1D: 0.41%
• 1M: 4.81%
• YTD: 11.08%
• 6M: 11.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GAUG

• 1D: 0.15%
• 1M: 1.53%
• YTD: 5.13%
• 6M: 5.69%
• 1Y: 14.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDIV vs. GAUG - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	11.08%	9.90%
GAUG FT Cboe Vest U.S. Equity Moderate Buffer ETF - August	5.13%	5.54%

Correlation

The correlation between XDIV and GAUG 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

XDIV vs. GAUG - Sectors Allocation Comparison

Sectors	XDIV	GAUG
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

XDIV vs. GAUG — Risk / Return Rank

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

GAUG

GAUG Risk / Return Rank: 81
GAUG Sharpe Ratio Rank: 78
GAUG Sortino Ratio Rank: 84
GAUG Omega Ratio Rank: 84
GAUG Calmar Ratio Rank: 72
GAUG Martin Ratio Rank: 87

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. GAUG - 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 FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG). 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	GAUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	1.65	+0.37

Drawdowns

XDIV vs. GAUG - Drawdown Comparison

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

Drawdown Indicators

	XDIV	GAUG	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-10.08%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.01%	—
Current Drawdown Current decline from peak	-0.27%	-0.03%	-0.24%
Average Drawdown Average peak-to-trough decline	-1.19%	-0.72%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.77%	—

Volatility

Volatility by Period

	XDIV	GAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	5.69%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	7.52%	+4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	7.52%	+4.77%

XDIV vs. GAUG - Expense Ratio Comparison

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

Dividends

XDIV vs. GAUG - Dividend Comparison

Neither XDIV nor GAUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDIV and GAUG in my portfolio?

With a correlation of 0.91, XDIV and GAUG 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, XDIV or GAUG?

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 GAUG?

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

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

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

What is the main difference between XDIV and GAUG?

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