XDIV vs. SPYV

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both S&P 500 funds. XDIV is actively managed, while SPYV is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. XDIV charges 0.09%/yr vs 0.04%/yr for SPYV.

Performance

XDIV vs. SPYV - 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 SPDR Portfolio S&P 500 Value ETF (SPYV). 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 higher than SPYV's 7.46% return.

XDIV

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

SPYV

• 1D: -0.36%
• 1M: 2.22%
• YTD: 7.46%
• 6M: 7.77%
• 1Y: 21.26%
• 3Y*: 15.72%
• 5Y*: 10.68%
• 10Y*: 11.90%

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

XDIV vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
SPYV SPDR Portfolio S&P 500 Value ETF	7.46%	7.67%

Correlation

The correlation between XDIV and SPYV is 0.75, 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 11, 2025	0.75

XDIV vs. SPYV - Sectors Allocation Comparison

Sectors	XDIV	SPYV
Technology	36.2%	21.2%
Financial Services	11.9%	14.7%
Communication Services	10.9%	3.2%
Consumer Cyclical	10.1%	10.9%
Healthcare	8.4%	11.6%
Industrials	8.1%	10.6%
Consumer Defensive	4.9%	9.2%
Energy	3.5%	7.4%
Utilities	2.3%	4.4%
Real Estate	1.9%	3.3%
Basic Materials	1.8%	3.4%

Return for Risk

XDIV vs. SPYV — Risk / Return Rank

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

SPYV

SPYV Risk / Return Rank: 66
SPYV Sharpe Ratio Rank: 63
SPYV Sortino Ratio Rank: 64
SPYV Omega Ratio Rank: 63
SPYV Calmar Ratio Rank: 68
SPYV Martin Ratio Rank: 69

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. SPYV - 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 SPDR Portfolio S&P 500 Value ETF (SPYV). 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	SPYV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.42	+1.56

Drawdowns

XDIV vs. SPYV - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for XDIV and SPYV.

Drawdown Indicators

	XDIV	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-58.45%	+49.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.89%	—
Current Drawdown Current decline from peak	-0.67%	-0.57%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.20%	-8.72%	+7.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.62%	—

Volatility

Volatility by Period

	XDIV	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	9.84%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	14.40%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	16.94%	-4.63%

XDIV vs. SPYV - Expense Ratio Comparison

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

XDIV has not paid dividends to shareholders, while SPYV's dividend yield for the trailing twelve months is around 1.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYV SPDR Portfolio S&P 500 Value ETF	1.70%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%
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 SPYV in my portfolio?

XDIV and SPYV have a correlation of 0.75, 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 SPYV?

On fees, SPYV 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 SPYV?

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

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

SPYV has the higher dividend yield at 1.70%, compared with 0.00% for XDIV.

What is the main difference between XDIV and SPYV?

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