XDIV vs. HOOW

Last updated Aug 2, 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. Over the past year, XDIV returned 21.62% vs -24.25% for HOOW. Their 0.57 correlation means they have sometimes moved together and sometimes differently. XDIV charges 0.08%/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 9.87% return, which is significantly higher than HOOW's -31.68% return.

XDIV

• 1D: 0.84%
• 1M: 0.16%
• 6M: 8.62%
• YTD: 9.87%
• 1Y: 21.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.71%

HOOW

• 1D: 0.00%
• 1M: -27.79%
• 6M: -20.03%
• YTD: -31.68%
• 1Y: -24.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HOOW Roundhill HOOD WeeklyPay ETF	$4.69M	$5.55M	$5.41M
XDIV Roundhill S&P 500 No Dividend Target ETF	$776.99K	$488.30K	$530.83K

XDIV vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	9.87%	10.07%
HOOW Roundhill HOOD WeeklyPay ETF	-31.68%	17.32%

Correlation

The correlation between XDIV and HOOW is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.57

The correlation between XDIV and HOOW has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.

XDIV vs. HOOW - Sectors Allocation Comparison

Sectors	XDIV	HOOW
Technology	38.5%	-
Financial Services	11.6%	4.4%
Communication Services	9.9%	-
Consumer Cyclical	9.5%	-
Healthcare	8.9%	-
Industrials	8.4%	-
Consumer Defensive	4.5%	-
Energy	3.0%	-
Utilities	2.2%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

XDIV vs. HOOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XDIV

XDIV Risk / Return Rank: 67
XDIV Sharpe Ratio Rank: 68
XDIV Sortino Ratio Rank: 66
XDIV Omega Ratio Rank: 66
XDIV Calmar Ratio Rank: 62
XDIV Martin Ratio Rank: 76

HOOW

HOOW Risk / Return Rank: 8
HOOW Sharpe Ratio Rank: 7
HOOW Sortino Ratio Rank: 10
HOOW Omega Ratio Rank: 10
HOOW Calmar Ratio Rank: 6
HOOW Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XDIV	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.32	+1.86
Sortino ratio: Return per unit of downside risk	2.16	0.07	+2.09
Omega ratio: Gain probability vs. loss probability	1.28	1.01	+0.27
Calmar ratio: Return relative to maximum drawdown	2.18	-0.42	+2.59
Martin ratio: Return relative to average drawdown	9.38	-0.68	+10.05

XDIV vs. HOOW - Sharpe Ratio Comparison

The current XDIV Sharpe Ratio is 1.54, which is higher than the HOOW Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of XDIV and HOOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-65.74%	+56.58%
Current Drawdown Current decline from peak	-1.35%	-53.60%	+52.25%
Average Drawdown Average peak-to-trough decline	-1.31%	-31.15%	+29.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	40.51%	-38.39%

Volatility

XDIV vs. HOOW - Volatility Comparison

The current volatility for Roundhill S&P 500 No Dividend Target ETF (XDIV) is 3.29%, while Roundhill HOOD WeeklyPay ETF (HOOW) has a volatility of 21.12%. This indicates that XDIV experiences smaller price fluctuations and is considered to be less risky than HOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDIV	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	21.12%	-17.83%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	65.47%	-55.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.97%	84.98%	-72.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	83.74%	-71.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.66%	83.74%	-71.08%

XDIV vs. HOOW - Expense Ratio Comparison

XDIV has a 0.08% 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 167.55%.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	167.55%	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 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDIV or HOOW?

HOOW has higher volatility (21.12%) compared to XDIV (3.29%). In terms of maximum drawdown, XDIV dropped -9.16% vs HOOW's -65.74%.

Which ETF is better, XDIV or HOOW?

On 1-year performance, XDIV leads with 21.62% vs -24.25% for HOOW. On fees, XDIV is cheaper at 0.08% per year. On volatility, XDIV has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDIV or HOOW?

Over the 1-year period, XDIV has performed better with a 21.62% return vs -24.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDIV or HOOW?

XDIV is cheaper with a 0.08% 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 167.55%, 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: 0.08% for XDIV and 0.99% for HOOW.

Which has better risk-adjusted returns?

XDIV currently has the higher Sharpe Ratio (1.54 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.