XDIV vs. SGOV

Last updated Jun 5, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. XDIV is actively managed, while SGOV is passively managed. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.09% expense ratio.

Performance

XDIV vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 11.08% return, which is significantly higher than SGOV's 1.52% return.

XDIV

• 1D: 0.41%
• 1M: 4.81%
• YTD: 11.08%
• 6M: 11.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.52%
• 6M: 1.79%
• 1Y: 3.95%
• 3Y*: 4.72%
• 5Y*: 3.54%
• 10Y*: —

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

XDIV vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	11.08%	9.90%
SGOV iShares 0-3 Month Treasury Bond ETF	1.52%	1.97%

Correlation

The correlation between XDIV and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.14

Return for Risk

XDIV vs. SGOV — Risk / Return Rank

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

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	20.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	14.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	12.49	-10.47

Drawdowns

XDIV vs. SGOV - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for XDIV and SGOV.

Drawdown Indicators

	XDIV	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-0.03%	-9.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.19%	-0.00%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	XDIV	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	0.20%	+12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	0.24%	+12.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	0.24%	+12.05%

XDIV vs. SGOV - Expense Ratio Comparison

Both XDIV and SGOV have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDIV vs. SGOV - Dividend Comparison

XDIV has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.

Position	TTM	2025	2024	2023	2022	2021	2020
SGOV iShares 0-3 Month Treasury Bond ETF	3.86%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and SGOV in my portfolio?

XDIV and SGOV have a correlation of -0.14, 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 SGOV?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or SGOV?

XDIV and SGOV have the same expense ratio: 0.09% per year.

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

SGOV has the higher dividend yield at 3.86%, compared with 0.00% for XDIV.

What is the main difference between XDIV and SGOV?

XDIV is categorized as S&P 500, while SGOV is Ultrashort Bond. They also come from different issuers: Roundhill and iShares.