XDIV vs. NVDW

Last updated Jun 24, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while NVDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. XDIV charges 0.08%/yr vs 0.99%/yr for NVDW.

Performance

XDIV vs. NVDW - 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 NVDA WeeklyPay ETF (NVDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 8.01% return, which is significantly higher than NVDW's 6.30% return.

XDIV

• 1D: -1.37%
• 1M: -1.30%
• YTD: 8.01%
• 6M: 7.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -4.59%
• 1M: -8.60%
• YTD: 6.30%
• 6M: 4.41%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDIV vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	8.01%	10.07%
NVDW Roundhill NVDA WeeklyPay ETF	6.30%	14.69%

Correlation

The correlation between XDIV and NVDW 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 10, 2025	0.59

Return for Risk

XDIV vs. NVDW — Risk / Return Rank

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

XDIV

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

NVDW

NVDW Risk / Return Rank: 29
NVDW Sharpe Ratio Rank: 28
NVDW Sortino Ratio Rank: 29
NVDW Omega Ratio Rank: 27
NVDW Calmar Ratio Rank: 33
NVDW Martin Ratio Rank: 28

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. NVDW - 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 NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	—	0.96	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.61	—
Martin ratio: Return relative to average drawdown	—	3.72	—

Drawdowns

XDIV vs. NVDW - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for XDIV and NVDW.

Drawdown Indicators

	XDIV	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-25.54%	+16.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.54%	—
Current Drawdown Current decline from peak	-3.02%	-18.09%	+15.07%
Average Drawdown Average peak-to-trough decline	-1.25%	-8.50%	+7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.01%	—

Volatility

Volatility by Period

	XDIV	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	42.50%	-29.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	42.02%	-29.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.86%	42.02%	-29.16%

XDIV vs. NVDW - Expense Ratio Comparison

XDIV has a 0.08% expense ratio, which is lower than NVDW's 0.99% expense ratio.

Dividends

XDIV vs. NVDW - Dividend Comparison

XDIV has not paid dividends to shareholders, while NVDW's dividend yield for the trailing twelve months is around 63.83%.

Position	TTM	2025
NVDW Roundhill NVDA WeeklyPay ETF	63.83%	38.94%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and NVDW in my portfolio?

XDIV and NVDW 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 NVDW?

On fees, XDIV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or NVDW?

XDIV is cheaper with a 0.08% expense ratio, compared with 0.99% for NVDW.

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

NVDW has the higher dividend yield at 63.83%, compared with 0.00% for XDIV.

What is the main difference between XDIV and NVDW?

XDIV is categorized as S&P 500, while NVDW is Derivative Income. Their fees differ too: 0.08% for XDIV and 0.99% for NVDW.