XDIV vs. HOOW

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. XDIV charges 0.09%/yr vs 0.99%/yr for HOOW.

Performance

XDIV vs. HOOW - 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 Roundhill HOOD WeeklyPay ETF (HOOW). 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 HOOW's -34.08% return.

XDIV

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

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDIV vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	11.46%

Correlation

The correlation between XDIV and HOOW is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.59

XDIV vs. HOOW - Sectors Allocation Comparison

Sectors	XDIV	HOOW
Technology	36.2%	-
Financial Services	11.9%	3.3%
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XDIV vs. HOOW - 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 Roundhill HOOD WeeklyPay ETF (HOOW). 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	HOOW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	-0.04	+2.02

Drawdowns

XDIV vs. HOOW - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for XDIV and HOOW.

Drawdown Indicators

	XDIV	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-65.74%	+56.58%
Current Drawdown Current decline from peak	-0.67%	-55.23%	+54.56%
Average Drawdown Average peak-to-trough decline	-1.20%	-29.13%	+27.93%

Volatility

Volatility by Period

	XDIV	HOOW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	83.86%	-71.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	83.86%	-71.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	83.86%	-71.55%

XDIV vs. HOOW - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than HOOW's 0.99% expense ratio.

Dividends

XDIV vs. HOOW - Dividend Comparison

XDIV has not paid dividends to shareholders, while HOOW's dividend yield for the trailing twelve months is around 163.90%.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and HOOW in my portfolio?

XDIV and HOOW have a correlation of 0.59, 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 HOOW?

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 HOOW?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 163.90%, compared with 0.00% for XDIV.

What is the main difference between XDIV and HOOW?

XDIV is categorized as S&P 500, while HOOW is Leveraged Equities. Their fees differ too: 0.09% for XDIV and 0.99% for HOOW.