XDIV vs. VOO

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and VOO (Vanguard S&P 500 ETF) are both S&P 500 funds. XDIV is actively managed, while VOO is passively managed. With a 0.97 correlation, they move nearly in lockstep. XDIV charges 0.09%/yr vs 0.03%/yr for VOO.

Performance

XDIV vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XDIV having a 10.63% return and VOO slightly higher at 10.91%.

XDIV

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

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

XDIV vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
VOO Vanguard S&P 500 ETF	10.91%	9.63%

Correlation

The correlation between XDIV and VOO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.97

XDIV vs. VOO - Sectors Allocation Comparison

Sectors	XDIV	VOO
Technology	36.2%	35.7%
Financial Services	11.9%	11.6%
Communication Services	10.9%	11.3%
Consumer Cyclical	10.1%	10.2%
Healthcare	8.4%	8.5%
Industrials	8.1%	8.3%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

XDIV vs. VOO — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.89	+1.09

Drawdowns

XDIV vs. VOO - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XDIV and VOO.

Drawdown Indicators

	XDIV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-33.99%	+24.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.67%	-0.70%	+0.03%
Average Drawdown Average peak-to-trough decline	-1.20%	-3.69%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	XDIV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	11.80%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	16.81%	-4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	18.01%	-5.70%

XDIV vs. VOO - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison

XDIV has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
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 VOO in my portfolio?

With a correlation of 0.97, XDIV and VOO 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 VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.09% for XDIV.

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

VOO has the higher dividend yield at 1.03%, compared with 0.00% for XDIV.

What is the main difference between XDIV and VOO?

They also come from different issuers: Roundhill and Vanguard. Their fees differ too: 0.09% for XDIV and 0.03% for VOO.