XDIV vs. QQQ

Last updated Jun 24, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. XDIV is actively managed, while QQQ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. XDIV charges 0.08%/yr vs 0.18%/yr for QQQ.

Performance

XDIV vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 lower than QQQ's 16.45% return.

XDIV

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

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

XDIV vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	8.01%	10.07%
QQQ Invesco QQQ ETF	16.45%	10.71%

Correlation

The correlation between XDIV and QQQ is 0.92, 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 10, 2025	0.92

XDIV vs. QQQ - Sectors Allocation Comparison

Sectors	XDIV	QQQ
Technology	39.0%	58.7%
Financial Services	11.1%	0.2%
Communication Services	10.6%	14.3%
Consumer Cyclical	9.9%	11.4%
Healthcare	8.3%	3.7%
Industrials	7.8%	2.6%
Consumer Defensive	4.5%	6.4%
Energy	3.1%	0.5%
Utilities	2.1%	1.2%
Real Estate	1.8%	0.1%
Basic Materials	1.7%	1.0%

Return for Risk

XDIV vs. QQQ — 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.

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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. QQQ - 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 Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.95	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.93	—
Martin ratio: Return relative to average drawdown	—	10.86	—

Drawdowns

XDIV vs. QQQ - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for XDIV and QQQ.

Drawdown Indicators

	XDIV	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-82.97%	+73.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-3.02%	-4.25%	+1.23%
Average Drawdown Average peak-to-trough decline	-1.25%	-32.73%	+31.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.22%	—

Volatility

Volatility by Period

	XDIV	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	17.96%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	22.69%	-9.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.86%	22.42%	-9.56%

XDIV vs. QQQ - Expense Ratio Comparison

XDIV has a 0.08% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, 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. QQQ - Dividend Comparison

XDIV has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
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 QQQ in my portfolio?

With a correlation of 0.92, XDIV and QQQ 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 QQQ?

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 QQQ?

XDIV is cheaper with a 0.08% expense ratio, compared with 0.18% for QQQ.

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

QQQ has the higher dividend yield at 0.43%, compared with 0.00% for XDIV.

What is the main difference between XDIV and QQQ?

XDIV is categorized as S&P 500, while QQQ is Nasdaq-100. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.08% for XDIV and 0.18% for QQQ.