XDIV vs. IVV

Last updated Aug 2, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and IVV (iShares Core S&P 500 ETF) are both S&P 500 funds. XDIV is actively managed, while IVV is passively managed. Over the past year, XDIV returned 21.62% vs 21.55% for IVV. Their 0.97 correlation means they have historically moved very closely together. XDIV charges 0.08%/yr vs 0.03%/yr for IVV.

Performance

XDIV vs. IVV - 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 iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XDIV having a 9.87% return and IVV slightly higher at 10.13%.

XDIV

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

IVV

• 1D: 0.69%
• 1M: 0.25%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.55%
• 3Y*: 19.40%
• 5Y*: 12.82%
• 10Y*: 15.11%
• ALL TIME*: 8.45%

*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)
IVV iShares Core S&P 500 ETF	$3.36B	$3.31B	$5.91B
XDIV Roundhill S&P 500 No Dividend Target ETF	$776.99K	$488.30K	$530.83K

XDIV vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	9.87%	10.07%
IVV iShares Core S&P 500 ETF	10.13%	9.95%

Correlation

The correlation between XDIV and IVV is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.97

The correlation between XDIV and IVV has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

XDIV vs. IVV - Sectors Allocation Comparison

Sectors	XDIV	IVV
Technology	38.5%	37.2%
Financial Services	11.6%	12.5%
Communication Services	9.9%	9.6%
Consumer Cyclical	9.5%	8.9%
Healthcare	8.9%	9.4%
Industrials	8.4%	7.9%
Consumer Defensive	4.5%	4.8%
Energy	3.0%	3.3%
Utilities	2.2%	2.6%
Real Estate	1.8%	1.9%
Basic Materials	1.7%	1.8%

Return for Risk

XDIV vs. IVV — 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

IVV

IVV Risk / Return Rank: 67
IVV Sharpe Ratio Rank: 68
IVV Sortino Ratio Rank: 64
IVV Omega Ratio Rank: 65
IVV Calmar Ratio Rank: 64
IVV Martin Ratio Rank: 76

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. IVV - 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 iShares Core S&P 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.53	+0.01
Sortino ratio: Return per unit of downside risk	2.16	2.12	+0.03
Omega ratio: Gain probability vs. loss probability	1.28	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	2.18	2.21	-0.04
Martin ratio: Return relative to average drawdown	9.38	9.43	-0.05

XDIV vs. IVV - Sharpe Ratio Comparison

The current XDIV Sharpe Ratio is 1.54, which is comparable to the IVV Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of XDIV and IVV, 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. IVV - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for XDIV and IVV.

Drawdown Indicators

	XDIV	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-55.25%	+46.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-8.89%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-1.35%	-1.41%	+0.06%
Average Drawdown Average peak-to-trough decline	-1.31%	-10.72%	+9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.09%	+0.03%

Volatility

XDIV vs. IVV - Volatility Comparison

The current volatility for Roundhill S&P 500 No Dividend Target ETF (XDIV) is 3.29%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.52%. This indicates that XDIV experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDIV	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.52%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	10.18%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.97%	12.89%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	17.01%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.66%	18.06%	-5.40%

XDIV vs. IVV - Expense Ratio Comparison

XDIV has a 0.08% expense ratio, which is higher than IVV's 0.03% expense ratio. However, 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. IVV - Dividend Comparison

XDIV has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and IVV in my portfolio?

With a correlation of 0.97, XDIV and IVV 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 is riskier, XDIV or IVV?

IVV has higher volatility (3.52%) compared to XDIV (3.29%). In terms of maximum drawdown, XDIV dropped -9.16% vs IVV's -55.25%.

Which ETF is better, XDIV or IVV?

On 1-year performance, XDIV leads with 21.62% vs 21.55% for IVV. On fees, IVV is cheaper at 0.03% 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 IVV?

Over the 1-year period, XDIV has performed better with a 21.62% return vs 21.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDIV or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.08% for XDIV.

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

IVV has the higher dividend yield at 1.09%, compared with 0.00% for XDIV.

What is the main difference between XDIV and IVV?

They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.08% for XDIV and 0.03% for IVV.

Which has better risk-adjusted returns?

XDIV currently has the higher Sharpe Ratio (1.54 vs 1.53), 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.