XDIV vs. SPYG

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both S&P 500 funds. XDIV is actively managed, while SPYG is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. XDIV charges 0.09%/yr vs 0.04%/yr for SPYG.

Performance

XDIV vs. SPYG - 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 State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 10.63% return, which is significantly lower than SPYG's 13.75% return.

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYG

• 1D: -0.98%
• 1M: 7.38%
• YTD: 13.75%
• 6M: 13.57%
• 1Y: 33.95%
• 3Y*: 28.16%
• 5Y*: 16.07%
• 10Y*: 18.20%

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

XDIV vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	13.75%	11.36%

Correlation

The correlation between XDIV and SPYG is 0.91, 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 11, 2025	0.91

XDIV vs. SPYG - Sectors Allocation Comparison

Sectors	XDIV	SPYG
Technology	36.2%	51.9%
Financial Services	11.9%	8.5%
Communication Services	10.9%	16.8%
Consumer Cyclical	10.1%	8.9%
Healthcare	8.4%	5.8%
Industrials	8.1%	5.0%
Consumer Defensive	4.9%	1.0%
Energy	3.5%	0.1%
Utilities	2.3%	1.2%
Real Estate	1.9%	0.6%
Basic Materials	1.8%	0.3%

Return for Risk

XDIV vs. SPYG — Risk / Return Rank

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

SPYG

SPYG Risk / Return Rank: 57
SPYG Sharpe Ratio Rank: 62
SPYG Sortino Ratio Rank: 60
SPYG Omega Ratio Rank: 59
SPYG Calmar Ratio Rank: 49
SPYG Martin Ratio Rank: 57

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. SPYG - 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 State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.35	+1.63

Drawdowns

XDIV vs. SPYG - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for XDIV and SPYG.

Drawdown Indicators

	XDIV	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-67.63%	+58.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	-0.67%	-1.13%	+0.46%
Average Drawdown Average peak-to-trough decline	-1.20%	-24.33%	+23.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.32%	—

Volatility

Volatility by Period

	XDIV	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	16.06%	-3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	21.17%	-8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	20.64%	-8.33%

XDIV vs. SPYG - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is higher than SPYG's 0.04% 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. SPYG - Dividend Comparison

XDIV has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.47%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%
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 SPYG in my portfolio?

With a correlation of 0.91, XDIV and SPYG 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 SPYG?

On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or SPYG?

SPYG is cheaper with a 0.04% expense ratio, compared with 0.09% for XDIV.

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

SPYG has the higher dividend yield at 0.47%, compared with 0.00% for XDIV.

What is the main difference between XDIV and SPYG?

They also come from different issuers: Roundhill and State Street. Their fees differ too: 0.09% for XDIV and 0.04% for SPYG.